Somalia has lacked a recognized
government since 1991. 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.
Bibliographic Details
| Main Authors: |
Harford, Tim,
Nenova, Tatiana |
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| Language: | English |
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| Published: |
World Bank, Washington, DC
2005-09
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| Subjects: | AIR TRAFFIC,
AIR TRAFFIC CONTROLLERS,
AIR TRAVEL,
AIRCRAFT,
AIRCRAFT AND CREW,
AIRCRAFT SAFETY,
AIRLINE,
AIRLINE SAFETY,
AIRLINES,
AIRPLANE,
AIRPORTS,
CARRIERS,
CENTRAL BANK,
COMMERCIAL LAW,
COMMUNITIES,
COMPANY LAW,
CONSTRUCTION,
CONTRACT LAW,
CROSS-BORDER,
CUSTOMER CONFIDENCE,
DOMESTIC ROUTES,
EFFECTIVE REGULATION,
FIRE,
GOVERNMENT REGULATION,
INFRASTRUCTURE SERVICES,
INTERNATIONAL STANDARDS,
LEGAL SYSTEM,
LIABILITY,
LIMITED LIABILITY,
LOCAL COMPANIES,
LOCAL GOVERNMENT,
LOCAL NETWORKS,
MINORITY SHAREHOLDERS,
MUNICIPAL GOVERNMENTS,
NATIONAL CARRIER,
NETWORKS,
OUTSOURCING,
PLANES,
PRIVATE ENTERPRISES,
PRIVATE FIRMS,
PRIVATE GOODS,
PRIVATE SECTOR,
PRIVATE SECTOR DEVELOPMENT,
PROPERTY RIGHTS,
PUBLIC GOODS,
ROUTE,
RUNWAY,
TELECOMMUNICATIONS, |
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| Online Access: | http://documents.worldbank.org/curated/en/2005/09/6417536/anarchy-invention-somalias-private-sector-cope-without-government
https://hdl.handle.net/10986/9655
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