Preview

Economic Problems in Angola

Powerful Essays
Open Document
Open Document
3897 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Economic Problems in Angola
Economic problems in Angola

Subject: Development economics

Course work: Economic problems in Angola

2012
CONTENT

1 Angola 1 1.2 Basic information 1 1.2 History 3 1.3 Economic situation 3 2 Internal economic problems 4 2.1 Inflation 4 2. 2 GDP composition by sectors 5 2. 3 GDP Growth rate 8 3 International economic problems 10 3.1 Foreign trade problems 10 3. 2 Foreign investments to the country and depths problems 11 3. 2. 1 Foreign investments 11 3. 2. 2 Debt problems 12 3. 3 Regional participation (regional integration) 13 4 Conclusions 15 5 Sources 16

1 Angola

1.2 Basic information

Official name: REPUBLICA DE ANGOLA (Republic of Angola)
Area: 1, 25 million sq km
Population: 13 338 541 (estimate 2011)
Capital city: Luanda
Official language: Portuguese
Population below poverty line: 40.5% (2006 est.)
Currency: New kwanza
Figure 1 Flag of Angola

Source: www.unimaps.com
Republic of Angola is a state in southern Africa. It covers 1,246,700 sq km and is the seventh largest country in Africa, covering an area greater than France and Spain combined. Angola has a coastline of about 1600 km. The capital and largest city is Luanda. Angola is bounded on the north and east by the Democratic Republic of the Congo (DRC, formerly Zaire), on the east by Zambia, on the south by Namibia, and on the west by the Atlantic Ocean.
Figure 2 Map of Angola

Source: www.unimaps.com Angola is rich in mineral resources, and further geological exploration is likely to add to the list of known mineral reserves. Among the most notable resources are petroleum, diamonds, iron ore, manganese, copper, uranium, phosphates, and salt. Vegetation varies with the climate. Thick tropical rain forests are found in the north and in the Cabinda exclave. To the south the rain forests give way to savannah, lands of mixed trees and grasses,

You May Also Find These Documents Helpful

  • Satisfactory Essays

    • Luanda: Permanent settlement of the Portuguese established in the south of the Kongo in the 1570s. Basis for Portuguese colony of Angola.…

    • 500 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    The simple pitch is that Candy Corn is a staying of age film. In the film industry and especially the Indie scene coming of age is a cliche and I understand why. Life is hard and at some point we have to accept the world and try to make the best of it.…

    • 192 Words
    • 1 Page
    Good Essays
  • Good Essays

    Tale of Angola: Free Blacks, Red Stick Creeks, and International Intrigue in Spanish Southwest Florida, 1812-1821.…

    • 632 Words
    • 3 Pages
    Good Essays
  • Good Essays

    We agree with this statement, as the Articles of Confederation had a major influence on the government that our Founders developed.…

    • 636 Words
    • 3 Pages
    Good Essays
  • Good Essays

    tells of angola

    • 524 Words
    • 3 Pages

    Florida had the first free city for blacks which were known as Fort Mose. This is where blacks that ran away from their slave owner would go. But, they were not alone this time they were accompanied by the Native Americans. Blacks and Native Americans both resisted slavery by joining forces, fleeing the country, and starting wars. They did this to ensure they weren’t enslaved again. Even though at times their attempts were not successful.…

    • 524 Words
    • 3 Pages
    Good Essays
  • Better Essays

    Dictionary.com describes compassion as a feeling of deep sympathy and sorrow for another who is stricken by misfortune, accompanied by a strong desire to alleviate the suffering (2012). Bush describes compassion fatigue as a complex emotion that allows caregivers to hold and sustain themselves in emotional balance while holding patients’ despair in one hand and their hopefulness in the other (2009). Being able to identify the warning signs, know the physical, emotional and spiritual needs of you as a caregiver, and knowing different coping skills and ways to deal with the stressors of juggling life’s activities can help us as caregivers to keep ourselves in balance.…

    • 1208 Words
    • 5 Pages
    Better Essays
  • Good Essays

    Ivory Coasts’ physical landforms are much different than those of any other country! The north has a long, stretched plateau with many flat grasslands. The southern parts include grassy savannas and coastal forests. The middle regions are mountainous, home to the country’s tallest mountain, Mont Nimba. The mountain stands 1,752 meters above sea level. It lies on the Ivory Coast - Guinea border. There are many banks and rivers leading into the Gulf of Guinea. One such river is the Bandama Blanc. The people of France found lots of ivory in the country, which is how it got its name, which literally translates to “the coast of ivory” in French.…

    • 1153 Words
    • 5 Pages
    Good Essays
  • Best Essays

    Foreign direct investment (hereafter referred to as FDI) has created significant impacts in China after the Opening-Reform in the late 1970s, China has been successful in attracting FDI, which has been played an crucial role in the economic development of China. China has now become the second largest foreign direct investment (FDI) beneficiary country in the world following the US. Annual FDI inflow was below $US100 in 1979, but exceeded $US580 billion in 2006, with an annual growth rate of close to 30%. (Fung et al. 2004). This trend is expected to continue in the foreseeable future, especially given the country’s entry into the WTO. Many advantages can be identified in FDI, including boost employment rate, calculate capitals and increase domestic competitive. On the other hand, there are also some drawbacks of FDI in China. This essay will start with a display of the advantages and disadvantages of investing in China, then describe benefits and drawbacks brought by FDI and finally provide several correspondence suggestions.…

    • 1633 Words
    • 7 Pages
    Best Essays
  • Better Essays

    Guinea Research Paper

    • 4493 Words
    • 18 Pages

    Guinea, or The Republic of Guinea, is a country located in South Africa that possesses major mineral wealth and agricultural resources, making it one of Africa’s potentially richest countries (BBC News, 2010). Yet, the country is still an undeveloped nation allowing for its people being amongst the poorest in West Africa.…

    • 4493 Words
    • 18 Pages
    Better Essays
  • Good Essays

    Cote D'Ivoire Landscape

    • 957 Words
    • 4 Pages

    Cote D’Ivoire, also known as the “Ivory Coast”, is a country in the Western Africa. It borders the Atlantic Ocean between Ghana and Liberia. It lies on the West African coast on the Gulf of Guinea. It is located on the east by Ghana, on the north by Burkina Faso and Mali, and on the west by Guinea and Liberia. It is slightly larger than the size of New Mexico, outlining a square of 560 kilometers on a side and an area of 322,460 square kilometers. Its name “Ivory Coast” was given by the French traders in the 19th century who set up establishments in search of ivory and slaves, but its official name is Republique de Cote d’Ivoire. Other than a catchy name, the country has many different unique features.…

    • 957 Words
    • 4 Pages
    Good Essays
  • Good Essays

    The economy of a region will experience continuity and change forever. That is the case with the central African economy. During the first century, their economy was much different than what it is today. The central African economy revolved around agriculture and hunting during the first century and that remained constant until contemporary times. Though, change also began to occur because certain aspects of the the central African economy stayed the same and when the people native to the region began trading different products.…

    • 854 Words
    • 4 Pages
    Good Essays
  • Best Essays

    Sierra Leone or the Republic of Sierra Leone is West African country that borders to the north and east with Guinea, to the southeast with Liberia, and to the west and southwest with Atlantic Ocean. It is a beautiful country with white sand beaches, orange and coconut trees all around, and people of good hearts; however Sierra Leone or Sa Lone in its native language, Krio, has been underdeveloped and was struggling for many years to gain its independence as a British Colony. Even thou, now Sierra Leone is a constitutional republic and got its independence 49-years ago, the country has been struggling with rebellious forces called Revolutionary United Force, and the corrupted government. Now, Sierra Lone is facing not only economic issues as one of the poorest nation in Africa, but also political issues that are triggered by years of the civil war and violence under Joseph Saidu Momoh, who was the President at the time, as well as social events that took an enormous lead on the country today’s situation. I would like to present the nature of underdevelopment of Sierra Leone based on economic issues such as: high poverty, economic dependence on advanced countries, and underdevelopment of industrialization and infrastructure because of the corrupt government.…

    • 1679 Words
    • 7 Pages
    Best Essays
  • Satisfactory Essays

    Angola has one of fastest growing economies in the world yet still suffers from hunger. The population of Angola was estimated to be 12,263,596 in 2007. The countries total infant mortality rate (IMR) was 184.44 deaths per 1,000 live births with IMR for males being 196.55 deaths per 1,000 live births and for females 171.72 deaths per 1,000 live births in 2007 (www.geographyiq.com). The life expectancy is low partly because of starvation, unsafe food and water, and a high incidence of deaths from AIDS. The life expectancy of Angolan males was 36.73 years and for females 38.57 years in 2007. The total fertility rate was 6.27 children born per woman, which ranks high compared to developed countries like the US which had a total fertility rate of 2.09 children born per woman in 2007 (geographyiq.com).…

    • 417 Words
    • 2 Pages
    Satisfactory Essays
  • Better Essays

    France originally colonized the Democratic Republic of Congo. French is still one of the main spoken languages there. The Democratic Republic of Congo is located in central Africa. This location allows grief from neighboring countries on the other hand it is in an ideal location by way of trade routes to other countries and access to the Atlantic Ocean and the Congo River. The Democratic Republic of Congo is also dense with valuable minerals making it regarded as one of the richest countries as far as natural recourses go. However, it is one of the poorest countries in the world…

    • 1379 Words
    • 6 Pages
    Better Essays
  • Good Essays

    Why Is Angola Important

    • 1872 Words
    • 8 Pages

    Forgotten Rights Much of Africa and the world today have had horrific past that have lead the nations into ruins. However, when looking at Africa there have been numerous towns that after the world wars and civil wars were never able to adapt to the world around us now. Unfortunately, one nation that never was able to fully adapt is Angola. Angola, has always been a nation that had issue with, economics, violence and change in powers but for the citizens of the nation they have had to deal with the substantial lack of human rights. Every nation's government should be in charge of insuring that each and every citizen has the rights, to a house, clean water, bathroom, electricity etc.…

    • 1872 Words
    • 8 Pages
    Good Essays