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« Indian finance minister says "ready for comparison with China" | Main | Chinese model is no panacea for Africa »

February 6, 2007

Ethiopia looks east to slip reins of western orthodoxy

Source: Financial Times

By William Wallis in London

As leader of the most powerful and populous country in the Horn of Africa, Meles Zenawi has found it relatively easy to forge strong alliances with the west.

But Ethiopia's prime minister, whose Marxist guerrilla movement in the 1980s saw Enver Hoxha's Albania as a model, draws inspiration now - as well as a growing proportion of funding - from the east.

In an interview with the FT in Addis Ababa, Mr Meles argued that the "neo-liberal" market reforms that have been the hallmark of western and World Bank intervention in Africa for more than two decades have failed to "generate the kind of growth they sought".

Full story...

Posted by pichu at February 6, 2007 9:35 AM