Economic Analysis, a Practical Application of Opportunity Costs: the Angolan Case
SAMUEL CANDUNDO
“Economic Analysis, a Practical Application of Opportunity Costs: The Angolan Case”
Economic Analysis, a Practical Application of Opportunity Costs: The Angolan Case
Table of Contents No index entries found. Introduction ................................................................................................................................... 2 Conceptual Discussion Involving the Opportunity Costs ............................................................. 3 Characterization of Angolan Economy ......................................................................................... 5 Projects Evolving High Opportunity Costs ................................................................................. 13 Construction of Four New Football Stadiums ......................................................................... 14 Construction of Five New Multi-use Arenas .......................................................................... 15 Opportunity Costs Derived from Bad Quality of the Restoration Projects ............................. 16 A New Perspective for Managing the Recovery Effort .............................................................. 17 Conclusion ................................................................................................................................... 19 Bibliographic References ............................................................................................................ 20
Page 1 of 22
Economic Analysis, a Practical Application of Opportunity Costs: The Angolan Case
Introduction
Since the end of the civil war, Angola has embarked in massive rebuilding projects and modernizing infrastructures. Some of these projects are essentials such as roads, dams, water supply, and basic sanitation. But, other projects are clearly an attack to the concept of opportunity costs, and weighting the cost and benefit from the perspective that resources are always scarce;
“Economic Analysis, a Practical Application of Opportunity Costs: The Angolan Case”
Economic Analysis, a Practical Application of Opportunity Costs: The Angolan Case
Table of Contents No index entries found. Introduction ................................................................................................................................... 2 Conceptual Discussion Involving the Opportunity Costs ............................................................. 3 Characterization of Angolan Economy ......................................................................................... 5 Projects Evolving High Opportunity Costs ................................................................................. 13 Construction of Four New Football Stadiums ......................................................................... 14 Construction of Five New Multi-use Arenas .......................................................................... 15 Opportunity Costs Derived from Bad Quality of the Restoration Projects ............................. 16 A New Perspective for Managing the Recovery Effort .............................................................. 17 Conclusion ................................................................................................................................... 19 Bibliographic References ............................................................................................................ 20
Page 1 of 22
Economic Analysis, a Practical Application of Opportunity Costs: The Angolan Case
Introduction
Since the end of the civil war, Angola has embarked in massive rebuilding projects and modernizing infrastructures. Some of these projects are essentials such as roads, dams, water supply, and basic sanitation. But, other projects are clearly an attack to the concept of opportunity costs, and weighting the cost and benefit from the perspective that resources are always scarce;