国际英语资讯:Interview: African countries should pursue long-term devt projects to achieve manufacturin_时事

国际英语资讯:Interview: African countries should pursue long-term devt projects to achieve manufacturin

He, however, stressed that good leadership "does not simply appear. It is often a reflection of the society and the institutions that produce the leadership. In this respect, followers (citizenry) have a critical role to play. They must demand more from their leadership to ensure that all members of society have equal opportunities both in political and economic spheres."

ETHIOPIA'S INDUSTRIAL DEVELOPMENT POLICY BRINGING RESULTS

Ethiopia has in recent years witnessed a growing foreign investment, in which the country attracted 700 million U.S dollars of foreign direct investments (FDI) during the first quarter of the current 2019-2020 Ethiopian fiscal year that started on July 8, 2019, according to recent figures from the Ethiopian Investment Commission (EIC).

The reported 700 million U.S dollars of FDI during the stated period, which was obtained for investments from close to 100 new foreign companies being operational in various sectors, is said to account for 70 percent of the Ethiopian government's initial plan, it was noted.

Noting that "the industrial development policy of Ethiopia is bringing results in terms of economic development as well as recording good growth of the industry sector," Costantinos, however, stressed that Ethiopia's industrial development strategy "has not been effective enough in bringing structural change in the economy."

"In order to bring structural change in a manner that allows the industry to take the lead in the economy as desired, and as the period for GTP II (Ethiopia's second five-year Growth and Transformation Plan) implementation begins, Ethiopia still needs to invest on a number of issues for the realization of its goal," the scholar argued.