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In this report, we recognise the limits of the private sector. Hence, we argue that there is a legitimate and important role for the state. This very much varies from country to country given heterogeneous initial political and economic conditions. Both market fundamentalism or neo-liberalism and exclusive state planning and control have their own respective shortcomings. Much intellectual effort should be focused on striking the appropriate balance in Ethiopia which is undergoing a major privatisation process of its own on the back of the current economic reforms.