Interdisciplinary Research Paper: Ambiguities and Inconsistencies in the ?Prescriptions' toward Development'

Author:Elias N. Stebek
Position::Dean School of Graduate Studies, St. Mary's University College
Pages:311-323
SUMMARY

Ethiopia’s Investment Proclamation states that accelerated economic development and improved living standards of the Ethiopian people are the objectives of investment promotion. Moreover, the 1995 Ethiopian Constitution guarantees "the right to improved living standards and to sustainable development." This paper deals with the ambiguities and inconsistencies in the path towards achieving one of... (see full summary)

 
FREE EXCERPT
This column publishes interdisciplinary (law in context) research papers.
(N.B.
Peer review is waived for research papers published in this column if
the submission is a revised section of an unpublished PhD dissertation.)
A
MBIGUITIES AND
I
NCONSISTENCIES IN THE
‘P
RESCRIPTIONS
TOWARD
‘D
EVELOPMENT
Elias N. Stebek
Abstract
Ethiopia’s Investment Proclamation states that accelerated economic
development and improved living standards of the Ethiopian people are the
objectives of investment promotion. Moreover, the 1995 Ethiopian Constitution
guarantees “the right to improved living standards and to sustainable
development.” This paper deals with the ambiguities and inconsistencies in the
path towards achieving one of the expectations enshrined in these laws, i.e., the
aspiration to bring about development. It discusses the various notions of
development that have influenced Ethiopia’s policies and further examines the
challenges thereof in clarity, consistency and effectiveness.
Key words:
Development, investment promotion, development theories, institutional
capabilities, Ethiopia
DOI http://dx.doi.org/10.4314/mlr.v6i2.5
______________
Introduction
The Preamble of Ethiopia’s Investment Proclamation (Proclamation No.
769/2012) states the need to encourage and promote investment “so as to
strengthen the domestic production capacity and thereby accelerate the
economic development of the country and to improve the living standards of its
peoples.” Article 5 of the Proclamation further states that “the objectives of the
investment policy of Ethiopia are designed to improve the living standards of
the peoples of Ethiopia through the realization of sustainable economic and
social development”. Sub-Articles 1 to 8 of this provision state the specific
Dean School of Graduate Studies, St. Mary’s University College; This paper includes
some of the themes in the first chapter of the author’s unpublished PhD thesis
(University of Warwick Law School, June 2012, Final version 9 December 2012). The
paper is simultaneously submitted to the Proceedings of SMUC’s Fourth Multi-
Disciplinary Seminar and to the Inter-disciplinary Research Papers column of Mizan
Law Review.
I
II
I
NTERDISCIPLINARY
NTERDISCIPLINARY NTERDISCIPLINARY
NTERDISCIPLINARY
R
RR
R
ESEARCH
ESEARCH ESEARCH
ESEARCH
P
PP
P
APERS
APERSAPERS
APERS

To continue reading

REQUEST YOUR TRIAL