Somalia; Crisis in Economic and Financial Management

Released on by Ali Issa Abdi
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  • Somalia; Crisis in Economic and Financial Management Book Detail

  • Author : Ali Issa Abdi
  • Release Date : 2011-02-16
  • Publisher :
  • Genre : Finance, Public
  • Pages : 136
  • ISBN 13 : 9781460929827
  • File Size : 82,82 MB
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Somalia; Crisis in Economic and Financial Management by Ali Issa Abdi PDF Summary

Book Description: The study reviews the recent history of public finance mismanagement and its adverse impact on Somalia, drawing upon five decades of economic and financial mismanagement in the country. A principal thesis of the study is that, while decades-long poor sociopolitical governance and multiple other factors contributed to the implosion of the Somali central state, a crisis in financial and economic management-in particular, endemic misuse of public resoruces-is a root cause of the state collapse and a principal challenge facing national recovery. This crisis, manifested in practically non-existent financial integrity institutions, keeps the country insecure and unstable.

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