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War-Torn Eritrean Economy – Some Issues And Trends

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  • Rena, Ravinder

Abstract

The three decades of armed struggle, the subsequent drought, and deliberate policies of neglect and mismanagement by the last two regimes in Eritrea made growth of the Eritrean economy practically impossible. After independence, the country achieved a steady growth for some years. However, due to the border conflict with Ethiopia, the economy was characterised by severe macroeconomic imbalances and unusually high level of public expenditure. Poverty and inflation also increased many folds. Both domestic and external public debts reached unsustain¬able levels. Thus, an attempt is made in this paper to delve into some important trends of the Eritrean economy before and after 1998. The paper highlights some of the key economic issues like education, health, infrastructure, unemployment, poverty etc., and provides some concluding remarks.

Suggested Citation

  • Rena, Ravinder, 2006. "War-Torn Eritrean Economy – Some Issues And Trends," MPRA Paper 10806, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:10806
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    File URL: https://mpra.ub.uni-muenchen.de/10806/1/MPRA_paper_10806.pdf
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    References listed on IDEAS

    as
    1. Ayumu Yamauchi, 2004. "Fiscal Sustainability: The Case of Eritrea," IMF Working Papers 2004/007, International Monetary Fund.
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    More about this item

    Keywords

    War Torn Eritrean Economy; Economic growth; Human Development; Economic Integration;
    All these keywords.

    JEL classification:

    • E62 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Fiscal Policy; Modern Monetary Theory
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity
    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts

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