7fJe last three decades, facilitated chiefly by the sophisticated transport and communication technology,rnhave markedly exhibited an nnprecedented flow of products and capital. This is what is referred asrneconomic globalization. The economic integration process has been pioneered by the interllationalrneconomic organizations (i.e. the IMF, World Bank and the WTO), but in the face of shaking critics. Ofrnconrse, available empirical evidences also brought to the surjilce not only the positive results but also thernscenarios whereby economic globalization failed to enhallce, ifnot aggravated, the poor living cOlleliliollSrnand hampered fit/ure de"e/opment potentials of the poor. So far, the influence of the global South inrngovernance of the international economic order has been velY limited so that it has by and largerndominated by the rich powers. In fact the share of the South in the global economic operations in terms ofrncross border trade and investment has also been inSignificant.rnEthiopia as part of the international c011lIJulIIily has beell ulldertaking the integratioll experimellt silleern1991. It in particlliar introduced liberal trade and investment reforms. It is also acceding to the rlllebasedrnlIIultiiateral trading system (i.e. the WTO). Nonetheless, as different econometric studies uncover,rnits peljorm(fllce in harnessing the lIoll-reciprocal preferential market accesses has been ulIsatisjactoJYrnsuggestiug the cOllllotatioll of becoJlJillg a WTO member ulliess it embarks 011 large scale export-orientedrnproduction. lvioreover, FDJ's role in Harrowing the low level of domestic savings (Ind supplementingrninvestment endeavors has been at a rudimentmy level. To the worst, increased FDJ injlows and maximumrnbenefits ji'om it demand Ethiopia to reach a level of developmellt by its own effort. PreCisely, it isrnill voluntmy for Ethiopia to marshal export-oriented productioll and total jilctor productivity shonld itrncope with ecollomic globalization and accession to the WTo.rnIf the question turns out to be how to chmmel the scarce material and human resources to meaningfulrnbusiffesses, it is argued ill this thesis that Ethiopia should promote corporate businesses thall ever.rnDespite the low level of contributions of the lIIodern private sector to Ethiopia's economy and thernimmature culture of iJlcOJ1JOralioJl could restrain development of sllch ventures in the short-run, it hasrnbecome certain that 10 promole internationally competitive firms ill cOJ1Jorate lines, the government ofrnEthiopia shollld undertake some essential legal and institutional reforms.