Somalia: Economy Without StateIn 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
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During the 1980s the national economy went from bad to worse , as official exports of livestock declined and the value of the Somali shilling plummeted . The value of annual imports in 1989 was about twice the value of Somalia's annual ...
Numerous money traders openly exchange the Kenyan shilling , Ethiopian birr , Somali shilling , and the US dollar at different markets . A recent issue of the New York Times nicely captured the role of money traders in northern Somalia ...
From July 1995 to February 1999 the value of the Somali shilling declined from about 6,500 to 8,200 Sosh per US $ 1 , or about 26 percent . By contrast , the Kenyan Shilling ( KSh ) declined from about 45 to 61 per dollar , or about 36 ...
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LibraryThing Review
User Review - thewalkinggirl - LibraryThingArgues 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