LACK OF INTERNATIONAL RECOGNITION HAMSTRINGS SOMALILAND RECOVERY
July 1st, 2013
If financial professionals ever doubted the utility of a fully functioning state for business, Somalia has since 1991 shown how its absence can undermine personal and commercial liberty.And the lesson is underlined by the fate of Somaliland, a breakaway east African territory that declared independence from Somalia in 1991, based on land that was a British protectorate before 1960.While it has been relatively secure since then and tenaciously rebuilding its infrastructure and economy after a bloody civil war resulting in its autonomy, progress has been ...
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