Tag Archives: The Marshal Plan

Market-Capitalism: What’s in Store for Eritrea?

Like the US Marshall Plan during the great depression and the end of World War II, the Eritrean government, in 2002 devised a national strategic plan for food security, social justice programs and industrialization. It's called the Warsai-Yikaalo Programa (WYP)
Like the US Marshall Plan during the great depression and the end of World War II, the Eritrean government, in 2002, devised a national strategic plan for food security, social justice programs and industrialization. It’s called the Warsai-Yikaalo Program (WYP) and it resulted in the development of Eritrea’s major infrastructure such as airports, ports, hospitals and roads. Understanding Eritrea’s development strategy requires knowledge of Eritrea’s rich history, and Eritrea’s diverse cultures, norms and social traditions.

By Berhane Woldu,

ERITREA’s economic development strategy is no different than what the USA and Europe did in their early development strategy and ongoing regulated market economy. They were protectionist with government directed economy and huge subsides. Ann Markusen, in Dismantling the Cold War Economy, talks about the excesses of the Pentagon system and the new global economy.

The US policy on industry like all industrial western countries is based on the assumption that private enterprise can survive only if there is extensive government interventionContinue reading Market-Capitalism: What’s in Store for Eritrea?