Economy of Ethiopia and Massawa

Shortcuts: Differences, Similarities, Jaccard Similarity Coefficient, References.

Difference between Economy of Ethiopia and Massawa

Economy of Ethiopia vs. Massawa

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. The Ethiopian constitution defines the right to own land as belonging only to "the state and the people", but citizens may only lease land (up to 99 years), and are unable to mortgage, sell, or own it. Various groups and political parties have sought for full privatization of land, while other opposition parties are against privatization and favor communal ownership. The current government has embarked on a program of economic reform, including privatization of state enterprises and rationalization of government regulation. While the process is still ongoing, the reforms have begun to attract much-needed foreign investment. Massawa (Maṣṣawa‘, Mitsiwa), also known as Miṣṣiwa‘ (مِـصِّـوَع) and Bāḍiʿ (بَـاضِـع),Matt Phillips, Jean-Bernard Carillet, Lonely Planet Ethiopia and Eritrea, (Lonely Planet: 2006), p.340.

Common Era

Common Era or Current Era (CE) is one of the notation systems for the world's most widely used calendar era – an alternative to the Dionysian AD and BC system.

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Eritrea

Eritrea (ኤርትራ), officially the State of Eritrea, is a country in the Horn of Africa, with its capital at Asmara.

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Eritrean–Ethiopian War

The Eritrean–Ethiopian War took place from May 1998 to June 2000 between Ethiopia and Eritrea, one of the conflicts in the Horn of Africa.

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Ethiopia

Ethiopia (ኢትዮጵያ), officially the Federal Democratic Republic of Ethiopia (የኢትዮጵያ ፌዴራላዊ ዲሞክራሲያዊ ሪፐብሊክ, yeʾĪtiyoṗṗya Fēdēralawī Dēmokirasīyawī Rīpebilīk), is a country located in the Horn of Africa.

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Kingdom of Aksum

The Kingdom of Aksum (also known as the Kingdom of Axum, or the Aksumite Empire) was an ancient kingdom in what is now northern Ethiopia and Eritrea.

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Sudan

The Sudan or Sudan (السودان as-Sūdān) also known as North Sudan since South Sudan's independence and officially the Republic of the Sudan (جمهورية السودان Jumhūriyyat as-Sūdān), is a country in Northeast Africa.

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