Infant Industry Protection Policy in Ethiopia: Prospects and Challenges the Case of Korean Development Trajectories as A Role Model
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Date
2015-11
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Addis Ababa University
Abstract
It is a widely accepted theme to read the fact the industrialization is an engine of growth. This is
applicable to all countries of the world whether developed or underdeveloped. With this
statements one can start an argument that is the current underdeveloped world, on one part
should critically study and analyze the stage of their economic, social, political, geographical
situation and take it as a base for their economic planning, which is lacking in countries like
Ethiopia, then what we should learn
from the developed world is first their development
trajectories by critically examining their stage of development how they passed through, then
adapt it step by step approach sequencing the development plan scientifically meaning what to
emulate and what not to emulate. In Ethiopia, What can be read from different sources (EDRI,
2014), the Micro and Small Enterprises sector is largely unknown sector; this situation by itself is
weakness. As to the explanation of (K.Mogus, 2008), fundamental principle governing growth and
development of a nation is its potential to exploit its factor endowment, i.e. Agriculture led
industrialization.
Ethiopia’s industrialization strategy starts from Medium level and then goes
upward which means in planning (GTP I and II) the MSE sector is largely unknown (EDRI 2014).
When this situation further reviewed, industrialization growth sustainability cannot be said that it
has a strong base because it started from mid-level than micro level industrialization unlike the
Korean development path and this is the basic argument the researcher highlights here. Added to
the above fact, the necessity for entrepreneurship, innovative approach to business ideas and
productivity development in Ethiopia’s Small industries is highly demanding, because this sector
is considered as a breeding ground for industrialization. This research paper mainly
concentrates on the pros and cons of the macro and small Enterprises sector development and
factors that are impediments to the growth of this sector
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Prospects and challenges