Critically review an article: “Prospects and Challenges for Developing Securities Markets

in Ethiopia: An Analytical Review” by Prof. AsratTessema.

1. Summery

This article is prepared by Prof. Asrat Tessema an analytical review of the prospects and
challenges for developing securities markets in Ethiopia. The article is focused on

The benefits of securities markets do not come without certain problems, which are

inherent in the system. Some of the costs inherent in securities markets as discussed in the

literature include

The literature specifies that well-functioning securities markets have the following benefits:
Enhance savings mobilization, Help in resource allocation, Promote efficient financial system,
Help term transformation and improve capital structure, Allow deconcentration of ownership,
Improve accounting and auditing standards, Provide effective tools for monetary and fiscal
policy, Help privatization efforts,

With the fall of communism and the emergence of capitalism, many countries around the world
are moving toward market oriented economies and securities. It takes as examples of Risk-
taking, Global Diversification and Growth, American Economic Review,

The research use questionnaires and survey for data collection, and most of data’s are qualitative

in their nature. 152 respondents and 88 projects from different sectors randomly selected.

In the service application of single project management (PM) methodology, how much they are

familiar with different method and application of PM and how they think their effectiveness. By

using their response it was compared with general practice used in Czech Republic.
Critique:

Questions and their response

This study helps to contribute to that effort by focusing on Ethiopia, the second largest country in
sub Saharan Africa plagued with major economic problems