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Discuss the economic system in Ethiopia over the recent three regimes (EPRDF, Derg and imperial regime)​

User Akshay Khetrapal
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Final answer:

Ethiopia has had different economic systems under the three recent regimes: EPRDF, Derg, and the imperial regime. The imperial regime followed a mixed economy, while the Derg regime adopted a command economy. The EPRDF regime introduced market-oriented reforms to create a mixed economy.

Step-by-step explanation:

In Ethiopia, the economic system has undergone significant changes under the three recent regimes: EPRDF, Derg, and the imperial regime.

During the imperial regime (pre-1974), Ethiopia followed a mixed economy. It had a combination of state-owned enterprises, private businesses, and traditional agriculture. The government played a major role in key sectors such as transportation and energy.

Under the Derg regime (1974-1991), Ethiopia adopted a command economy with central planning and nationalization of key industries. The government controlled most economic activities, including agriculture, industry, and trade.

After the fall of the Derg, the Ethiopian People's Revolutionary Democratic Front (EPRDF) came to power and introduced market-oriented reforms. They implemented a mixed economy with increased privatization, liberalization of trade, and encouraging foreign investment.

Overall, the economic system in Ethiopia has evolved from a mixed economy during the imperial regime, to a command economy under the Derg, and finally to a mixed economy with market-oriented reforms under the EPRDF regime.

User Wolfram
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