Anarchy and Invention
Somalia has lacked a recognized government since 1991-an unusually long time. In extremely difficult conditions the private sector has demonstrated its much-vaunted capability to make do. To cope with the absence of the rule of law, private enterpr...
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| Language: | English |
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World Bank, Washington, DC
2012
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| Online Access: | http://documents.worldbank.org/curated/en/2004/11/5525799/anarchy-invention http://hdl.handle.net/10986/11247 |
| Summary: | Somalia has lacked a recognized
government since 1991-an unusually long time. In extremely
difficult conditions the private sector has demonstrated its
much-vaunted capability to make do. To cope with the absence
of the rule of law, private enterprises have been using
foreign jurisdictions or institutions to help with some
tasks, operating within networks of trust to strengthen
property rights, and simplifying transactions until they
require neither. Somalia's private sector experience
suggests that it may be easier than is commonly thought for
basic systems of finance and some infrastructure services to
function where government is extremely weak or absent. |
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