From developmentalism to the homegrown economy of Ethiopia: The narratives and the reality.

The political and economic narrative has shifted from developmentalism to the homegrown economy in post-2018 Ethiopia, but maintains the hegemony of the developmental state project of nation-building. This article investigates the shift to homegrown economic narratives, assesses the alignment with macroeconomic data and various sources and their implications. The narrative seeks an endogenous growth model and emphasizes macroeconomic stability, industrialization, private-sector growth, and contributions of key sectors for economic transformation.