Page 436 - Volume 2_CHANGES_merged_with links

Community Economic Development

‘ubuntu’ - 'I Am Because We Are'

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Malawi is an export-led economy. Despite changes in the structure of agricultural

production, and liberalization of prices, exchange and finance, a long standing
relationship persists between export income and overall GDP.

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Recent strong growth in the demand for consumer imports has failed to stimulate much
of a response from domestic manufacturing. There has been extremely poor progress in
diversifying out of the traditional exports of tobacco, sugar and tea

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But aid has had a limited effect on long-term productivity since it predominantly finances

consumption and recurrent expenditure. Expenditure data from the Ministry of Finance
indicates that less than 40 percent of aid is used for investment. Without financing

increases in productivity, aid risks doing long-term damage to growth by appreciating the
currency and creating disincentives in the export sector. Because of the centrality of the

export sector to Malawi's economy and its sensitivity to the real exchange rate, it is vital
that the use of aid is realigned to support export-led growth."

"Constraints To Growth In Malawi" 479
The World Bank, 2009, Policy Research Working Papers.
Lea, Nicholas, and Lucia Hanmer.

***** ***** *****
Aksum & the UK minister and his ‘minder’

About Aksum
“ Axum or Aksum, is a historical town in Tigray Region, Ethiopia and the site of the historic

capital of the Aksumite Empire. It was a tourist town until the Tigray Conflict started in
November 2020. with a population of 66,800 residents (as of 2015).
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Axum is located in the Maekelay Zone of the Tigray Region, near the base of the Adwa

mountains.
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Aksum was the centre of the marine trading power known as the Aksumite Empire
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The city of Axum was the administrative seat of an empire spanning one million square
miles

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The last known (nominal) emperor to reign was crowned in about the 10th century, but

the empire's influence and power ended long before that.