Deleted member 67076
Land reform and the expansion of the bureaucratic state are going to be long term good policies, but I can't help but wonder if in the short term the Ethiopian state is going the heavily in debt from wartime expenditures, modernization efforts (education isn't cheap after all), and British loans that are inevitably going to be called in in the postwar drama.
If I remember correctly, 40s-70s Ethiopia did try ISI style development as well in addition to the above, which while a good start still leads into the same process of needing to borrow cash to pay for imports and more advanced machinery as the economy grows more complex. In short, I think this is all good, but I wonder if by the 70s we'd be seeing an "Ethiopian debt crisis" that would give it a difficult 80s.
If I remember correctly, 40s-70s Ethiopia did try ISI style development as well in addition to the above, which while a good start still leads into the same process of needing to borrow cash to pay for imports and more advanced machinery as the economy grows more complex. In short, I think this is all good, but I wonder if by the 70s we'd be seeing an "Ethiopian debt crisis" that would give it a difficult 80s.