Transformation for Post-Conflict Angola

Fátima Moura Roque

Chapter 13 in Post-Conflict Economies in Africa, 2005, pp 213-228 from Palgrave Macmillan

Abstract: Abstract Angola has extensive reserves of oil, diamonds and other minerals, and a burgeoning oil industry. At independence in 1975 it had a well-developed energy, transportation and communications infrastructure. However, the potential for balanced growth has been blighted by civil war, a critical shortage of skills, a centrally-planned economy subordinated to a military agenda, economic mismanagement, endemic corruption, and dependence on oil for foreign exchange and revenue. The country has been impoverished by war. Political interference in economic management resulted in perverse policies, financial sector weakness, opaque public accounts, and corruption. Welfare and personal security declined; Angola lacks qualified public managers and technicians. The public sector is inefficient and a weak private sector is engaged largely in rent-seeking.

Keywords: Foreign Direct Investment; Civil Society; External Debt; National Unity; Poverty Reduction Strategy (search for similar items in EconPapers)
Date: 2005
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-0-230-52273-2_13

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230522732

DOI: 10.1057/9780230522732_13

Access Statistics for this chapter

More chapters in International Economic Association Series from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().