Globalization In Ethiopia Essay

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The effect of globalization in Ethiopia exhibits both positive and negative trends. The first of its positive contributions comes through expanding the availability of increased Foreign Direct Investment (FDI) in the country. Given its largely untapped fertile land, Ethiopia has attracted the attention of foreign investors who have put large capital in the country’s agricultural sector. This has played a positive role in complementing the natural resources of the country with capital which is necessary to implement large-scale agricultural projects, and to diversify its export items.
In addition to broadening the production and export bases of the country, large-scale investments of foreign companies in the agricultural and manufacturing sector have also expanded employment opportunities for locals. In this regard, Chinese investment in Ethiopia has had a notable impact. Chinese companies that have mainly been engaged in textile and garment, shoe and leather industries have already created many jobs.

The globalizing world is characterized by the greatest movement of people. International tourism has the potential …show more content…

For example, by 2011, Indian farmers have received more than 1.8 million hectares of land. Some experts argue that this trend of massive farm land leasing (“land grab”) by foreign companies threatens the food security of the poor. Schiffman 2013 notes: “When local food prices become locked into highly unstable global commodity prices, it is often the people at the bottom of the economic ladder who are the first to feel the pain.” In Ethiopia, the issue of land grab also extends to claims of serious rights abuses by the government which, according to Human Rights Watch, has forcibly been evicting and resettling local people under the guise of villagization, in order to clear land for foreign

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