The Growth Effect of Disruptive Technology in Ethiopia: With a Case Study of Digitalization in the Financial Sector
Date
2022-08
Authors
Geda, Alemayehu
Journal Title
Journal ISSN
Volume Title
Publisher
African Economic Research Consortium
Abstract
Ethiopia has witnessed excellent economic growth in the last decade and half.
However, poverty and unemployment are still major problems. This is partly
because this growth was not accompanied by structural transformation and
failed to create sufficient employment, as a result (Alemayehu, 2022a). Fast and
transformational growth is required to address these challenges. Disruptive
technologies (DTs, hence forth) such as digitalization are crucial in this respect.
DTs can bring about structural transformation of the economy, lead to global
level of competitiveness and transform the economy and its various sectors and
sub-sectors through technological leapfrogging. This is in particular important
in the financial sector in Ethiopia which is at a very low level of development by
the regional standard and, hence, the focus of this study.