Abstract: Economic growth and political stability are deeply interconnected, on one hand; the uncertainty associated with an unstable political environment may reduce investment and the pace of economic development. Somalia is a country that has experienced excessive amounts of political instability during the past decade. Political instability contributed to massive suffering and poverty in Somalia, there has been massive unemployment and migration of people from the country. It is of this view that the study aimed at investigating the political factors influencing economic development of Somalia. The study was guided by four specific objectives; to find out the influence of Political Stability on Economic Development of Somalia, to determine the influence of rule of law in economic development of Somalia, to investigate the influence of government policies on the economic development of Somalia, to find out the influence of electoral process on Economic Development of Somalia. The researcher used a survey design method for the study. Survey design is a design in which data is collected using questionnaires. For this study, the survey design was preferred because surveys are relatively less costly, easily accessible and also useful in describing the characteristics of a large population and making the results statistically significant even when analyzing the variables. The study selected a sample of 201 respondents from the population of Mogadishu Somalia to determine the political factors influencing economic development of Somalia. The data collected was tabulated and analyzed. This study employed simple random sampling technique in selecting respondents. This type of sampling is none biased because each member of the subset has an equal probability of being chosen. The study used multiple regression analysis to investigate the political factors influencing economic development. From the regression analysis the study indicated that there is a significant effect of political stability on economic development. The study findings indicated that there is a significant effect of the rule of law on economic development. The regression analysis further showed that there is a significant effect of government policies on economic development. The regression analysis indicated that there is a significant effect of electoral process on economic development. The study made the following recommendations based on the findings; Promotion and maintenance of political stability. Promotion and established of judicial infrastructures to maintain rule of law in Somalia and increase access to Justice and the Judicial System. The government of Somalia should develop strong planning units to influence formulation of policies focused on the economic development of Somalia. The country of Somalia should hold regular competitive elections as it has been proved that frequent free and fair elections in developing countries improve economic policy by disciplining governments and making them accountable to the people.
Keywords: Political Stability, Rule of Law, Economic Policies & Electoral Process.
Title: POLITICAL FACTORS INFLUENCING ECONOMIC DEVELOPMENT OF MOGADISHU, SOMALIA
Author: Hassan Abdi Khalif, Aaron Mukhongo
International Journal of Social Science and Humanities Research
ISSN 2348-3156 (Print), ISSN 2348-3164 (online)
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