61. Afghanistan's Economy: On the Right Road, But Still a Long Way to Go
- Author:
- Beth Ellen Cole
- Publication Date:
- 11-2007
- Content Type:
- Policy Brief
- Institution:
- United States Institute of Peace
- Abstract:
- Afghanistan has now laid the foundation for a market-based economy. A new economic system, based on the state as a regulator, not a producer, of goods, with a clear separation between the public and private sectors, stands in place of the centralized economy of the past. An independent central bank, a liberalized foreign exchange system, and laws permitting foreigners to wholly own property characterize the new economic landscape. A doubling of the gross national product and per capita income, a 13 percent growth rate in 2007, and modest inflation paint a vibrant picture.
- Topic:
- Security, Development, and Economics
- Political Geography:
- Afghanistan and Asia