The Somali Economy in the 1980s

http://countrystudies.us/somalia/64.htm

An interesting read.

"Somalia's rural subsistence sector produced sufficient grain and animal products (mostly milk) to sustain the country's growing population, including its massive refugee population. According to economist Vali Jamal, data on the subsistence sector underestimated the amount of milk and grain produced. The official 1978 estimate of milk production was 451.4 million liters; by using alternate data (for example, statistics on lactating animals from an anthropology study, consumption surveys, and interviews with nomads), Jamal estimated 2.92 billion liters of production, 6.5 times the official estimate. Taking into account only this change in milk production would raise GDP by 68 percent, making Somalia the forty-first rather than the eighth poorest country in the world, with an average annual per capita income of US$406."

The Somali Economy pre-civil war functioned weirdly but somehow worked to have a very low poverty rate. Imagine if we actually had a competent and democratic government, I wonder how our country and economy would look today.
 
There are so many "ifs" when it comes to this topic.

One things for sure though, if Somalia had a right-wing leader like Lee Kuan Yew or Park-Chung-Hee then things would've been very different for the country. Unfortunately, Somali qabiil-centric culture is so poisonous.
 
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There are so many "ifs" when it comes to this topic.

One things for sure though, if Somalia had a right-wing leader like Lee Kuan Yew or Park-Chung-Hee then things would've been very different for the country. Unfortunately, Somali qabiil-centric culture is so poisonous.
A right-wing nationalist government paired with a semi-capitalist/market based economy would’ve made Somalia a first world country within a generation, similar to Japan and South Korea’s economic miracle. Nacalatullah Qabiil :mjcry:
 

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