In our last session, Cristina Chapero and Elena Villacorta focused on explaining the current situation in Somalia. Somalia's political situation is an ideal example of the hardships and disunity that many African nations have encountered in the post-colonialist era. Since its independence in 1960, Somalia has encountered political, economic, and cultural instability.
The rule of law as practiced in the West does not exist in Somalia, which is rated as one of the world’s most corrupt nations. In the absence of a functioning central government, numerous armed groups and militias control different parts of the country. Political instability, an outmoded regulatory environment, and inadequate infrastructure significantly deter the formation and operation of businesses. The labor market is dominated by the agricultural sector and informal hiring practices.