Somalia: Economy Without State
International African Institute, 2003 - 206 pages
In the wake of the collapse of the Somali government in 1991, a "second" or "informal" economy based on trans-border trade and smuggling is thriving. While focusing primarily on pastoral and agricultural markets, Peter D. Little demonstrates that the Somalis are resilient and opportunistic and that they use their limited resources effectively. While it is true that many Somalis live in the shadow of brutal warlords and lack access to basic health care and education, Little focuses on those who have managed to carve out a productive means of making ends meet under difficult conditions and emphasizes the role of civic culture even when government no longer exists. Exploring questions such as, Does statelessness necessarily mean anarchy and disorder? Do money, international trade, and investment survive without a state? Do pastoralists care about development and social improvement? This book describes the complexity of the Somali situation in the light of international terrorism.
From inside the book
Results 1-3 of 31
In March 1988 the official exchange rate was SoSh 99 = US $ 1 , while the real market rate was SoSh 220 = US $ 1 and losing value at about 8 percent per month . As would be expected , there was considerable underreporting of profits and ...
From 1981 to 1990 the exchange rate of the SoSh deteriorated from 18 to 3,800 per 1 US dollar ( Abdurahman 1998 : 14 ) . By Notes : 1 Based on FET 1993 ; WFP 19 2 For 1979 to market ' ) values government in and black mark " average ...
Currency exchange rates , Somalia ' Year ( s ) Somali shillings per US $ 2 1980-83 19 ( 10-31 ) 1984-85 68 ( 57–79 ) 1986 110 ( 90–140 ) 1987 180 ( 140–220 ) 1988 350 ( 220_480 ) 1989 900 ( 600–1,200 ) 1990 2,500 ( 1,200–3,800 ) 1991 ...
What people are saying - Write a review
LibraryThing ReviewUser Review - thewalkinggirl - LibraryThing
Argues that despite political, social, and environmental instability, the Somali society and economy have survived. The author focuses on the Somali borderlands adjacent to Kenya, comparing that ... Read full review