Return Migration and Nation Building in Africa by Adele Galipo

Author:Adele Galipo [Galipo, Adele]
Language: eng
Format: epub
Tags: Political Science, Public Policy, Economic Policy, Social Policy, Geopolitics, Immigration, Social Science, Emigration & Immigration, Developing & Emerging Countries
ISBN: 9780429957130
Google: _OV3DwAAQBAJ
Barnesnoble:
Goodreads: 54813454
Publisher: Routledge
Published: 2018-11-08T03:09:36+00:00

The economic sphere: the Somaliland business community

Since 1991, economic recovery in Somaliland have reached remarkable levels. This is so despite the legacy of the conflict, large scale population displacement and lack of international recognition. In a recent report, the World Bank (2016: 8) affirms that:

these gains have been based mainly on five factors: (a) the ability of the government and society to maintain peace and security; (b) a durable social contract ensuring a sufficient degree of inclusivity and negotiation in matters of politics, disputes, and allocation of resources and employment across clan lines; (c) high flows of remittances from the diaspora, which underwrite much of Somaliland’s consumer economy; (d) a robust private sector, which has emerged since 1991; and (e) a powerful cultural tradition of honouring mutual obligations within extended lineage groups, which facilitates greater social trust, the flow of finances in the form of informal loans or gifts, and mutual indebtedness.

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