Somalia After State Collapse: Chaos or Improvement?
by Benjamin Powell, Ryan Ford, and Alex NowrastehTags: somalia, anarchy, economic development, africa
Benjamin Powell, Ryan Ford, and Alex Nowrasteh. Somalia After State Collapse: Chaos or Improvement?. Independent Institute, Working Paper Number 64 (30 Nov 2006).
Abstract: Many people believe that Somalia’s economy has been in chaos since the collapse of its national government in 1991. We take a comparative institutional approach to examine Somalia’s performance relative to other African countries both when Somalia had a government and during its extended period of anarchy. We find that although Somalia is poor, its relative economic performance has improved during its period of statelessness. We also describe how Somalia has provided basic law and order and a currency, which have enabled the country to achieve the coordination that has led to improvements in its standard of living.JEL Codes: O10, O17, O57, P16, P50