Ethipia is one of the world?s poorest countries. Even in Africa a continent for its poverty, Ethiopia stand out. Its per capita income in the early 1990s was $130, second lowest in Africa next to Mozambique.
The Ethiopian economy features a mixture of state control and private enterprise. The Mengistu regime greatly extended state control over the economy in the mid to late 1970s, but the transitional government that took power in 1991 began loosening many of these controls. Shortly after toppling Mengistu, the EPRDF announced plans to sell most state-run businesses and industries. In the early 1995 the government announced its intention
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