From bad policy to chaos in Somalia: how an economy fell apart

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International Development and Aid Economic, financial, and policy analysis Natural Resources and Economic Development

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Tables and Figures Preface Abbreviations Introduction Economics and Politics in Somalia: A Background Improper Policy Responses to Exogenous Shocks The Socialist Development Strategy to the 1970s: The Principal Origin of the Crises Macroeconomic Consequences of Unsustainable Public Sector Deficits Ambitious Public Investment and Illusive Economic Growth Objective Private Savings and Investment in an Inhospitable Environment The Depressing Effects of Economic Policies on Trade Resilience Amid Chaos: The Somali Economy After the State Collapsed How the Economy Fell Apart and What We Have Learned Selected Bibliography Index

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1997The “hidden hand” behind the resilience of the stateless economy of Somalia 2001Financial Reconstruction in Conflict and 'Post-Conflict' Economies 2002FINANCE AND DEVELOPMENT RESEARCH PROGRAMME 2011Role of International Aid and Open Trade Policies in Rebuilding the Somali State

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