Industrial Cooperation between Korea and Ethiopia:

The subject of the study was chosen to focus on coop- eration between the SMEs of the two countries according to the agreement between the two institutions. [...] This hardship has been mainly caused by the ineptitude and corruption of the last monarchy, and the subsequent dictatorship and socialist policies of Communist rule (1975-1991), which eventually led to a civil war and separation of Eritrea in 1993.3 However, in the 2000s, the Ethiopian economy has been chang- ing rapidly with one of the world's highest growth rates for more than 10 years. [...] The preferential tariffs from the US and Europe to support the development of the LDCs in Africa also helped the increase of exports. [...] The debate over the role of the state vis-a-vis the market, the ori- entation of industrial policy, the ownership structure, incentives and allocation are all open for debate in formulating the industrial policy menu in Ethiopia. [...] For the last 27 years, the major players in the industrialization process of the country and especially in the manufacturing industry have been the government, foreign inves- tors (FDI) and local private investors.