Xamud. wrote:FAH1223 wrote:somalia before the war had an economy based on handouts, not actual production
it'd probably be the same today unless we got oil
That`s bullshit.
bro, there are studies that confirm this
after the ogaden war, Somalia was bankrupt and had to go to the IMF... which then laid out structural adjustment programs. In short, Somalia was forced to liberalize its economy in exchange for loans.
The major source of income was banana exports in the 80s... and the livestock ban by Saudi Arabia really hurt
Over half of Somalia's national budget was aid... and tax evasion became a national sport
even before the war, aid was the major source of revenue... and since independence