Ethiopia: When an Economy Goes Wrong
ANALYSIS The change in the rate of economic growth from one year to the next is approximated by the aggregate values of goods and services adjusted in their current prices. These figures are often understood to be figures representing the annual economic growth of a country. But this expression of growth is a misnomer to many people who may be taking growth to mean the reduction in the cost of living. One can not blame such folks because they are not aware of what this economic growth concept really means when it translate into what or how much of goods and services they could buy with the money in their pockets. Official who give press conferences on this subject added that about one million jobless people were employed in the past year. This is a good news, even many world leaders, including president Barack Obama of United States, would envy even if the Ethiopian officials do not mention the number of the unemployed. Employing one million people annually, in an agricult