Economy of Ethiopia
Channel: 宇宙のすべての知識 プリンシピア
Date: 03/02/2019

Economy of Ethiopia, by Wikipedia https://en.wikipedia.org/wiki?curid=9402 / CC BY SA 3.0

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#Economy_of_Ethiopia
Economy of Ethiopia

The economy of Ethiopia is a mixed and transition economy with a large public sector. The Ethiopian government is in the process of privatizing many of the state-owned businesses and moving toward a market economy. However, the banking, telecommunication and transportation sectors of the economy are dominated by government-owned companies.

Ethiopia has one of the fastest-growing economies in the world and is Africa’s second most populous country. Many properties owned by the government during the previous regime have now been privatized and are in the process of privatization. However, certain sectors such as telecommunications, financial and insurance services, air and land transportation services, and retail, are considered as strategic sectors and are expected to remain under state control for the foreseeable future. Almost 50% of Ethiopia's population is under the age of 18, and even though education enrollment at primary and tertiary level has increased significantly, job creation has not caught up with the increased output from educational institutes. The country must create hundreds of thousands of jobs every year just to keep up with population growth.

Though the issuing of minted coins didn't begin until around 270, metal coins may have been used in Aksum centuries prior to centralized minting. The "Periplus of the Erythraean Sea" mentions that Aksum imported brass "which they use[d] for ornaments and for cutting as money", and that they imported "a little money ("denarion") for [use with] foreigners who live there." Some outside influences encouraging the use of coins is undeniable. Roman, Himyarite, and Kushana coins have all been found in major Aksumite cities. The minting of coins began around 270 CE, beginning with the reign of Endubis.

Around the 5th–8th century, the coffee plant was in...