The Effect of Dollarization on Somalia's Macroeconomic Development

This report investigates the impact of dollarization on the macroeconomic development of Somalia, focusing on small-scale businesses. It explores the background of dollarization, defining its significance in the context of currency substitution and economic stability. The study examines the key aspects of Somalia's economy, including its citizens, government, and the influence of civil war on small and medium-sized enterprises (SMEs). The research employs a literature review to provide a theoretical framework, followed by a detailed methodology outlining data collection and analysis techniques. The report aims to assess the effects of dollarization and the impact of civil war on Somalia's economy, offering research objectives and questions. The structure of the study includes an introduction, literature review, research methodology, data analysis, and conclusion with recommendations. The findings and analysis are presented with a reflection on the learning experience throughout the research process. The report aims to offer insights into the effects of dollarization on the macroeconomics of Somalia and its implications for the country's economic future.