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Vanguard Capitalism: Party, State, and Market in the EPRDF's Ethiopia
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Description
Vanguard Capitalism: Party, State, and Market in the EPRDF's Ethiopia by Chris Vaughan examines the interplay between political power and economic development under the Ethiopian People's Revolutionary Democratic Front (EPRDF) regime. The book analyzes how the EPRDF, which ruled Ethiopia from 1991 to 2018, implemented a unique form of state capitalism, blending party control with market-oriented reforms. Vaughan explores the mechanisms through which the EPRDF consolidated its political power while promoting economic growth, and how this approach affected both the state’s role in the economy and the lives of ordinary Ethiopians. The book provides a critical assessment of the EPRDF's development strategy, highlighting the tensions and contradictions between its revolutionary ideals and the realities of governance and economic management.
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