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Africa's economy only began to take off in the early 2000s as the political situation improved, national governments began to crack down on corruption and patronage, macroeconomic growth plans aimed at improving living conditions began to be implemented, and millions of Africans continued to flock to the cities in search of jobs and other ...
After an initial rebound from the 2009 world economic crisis, Africa's economy was undermined in the year 2011 by the Arab uprisings. The continent's growth fell back from 5% in 2010 to 3.4% in 2011. With the recovery of North African economies and sustained improvement in other regions, growth across the continent is expected to accelerate to ...
Africa Rising is a term coined in 2011 to explain rapid economic growth across Sub-Saharan Africa to date since 2000 and the inevitability of its subsequent continuation. The Financial Times defines Africa Rising as a "narrative that improved governance means the continent is almost predestined to enjoy a long period of mid-to-high single-digit ...
The landlocked developing countries (LLDC) are developing countries that are landlocked. [1] Due to the economic and other disadvantages suffered by such countries, the majority of landlocked countries are least developed countries (LDCs), with inhabitants of these countries occupying the bottom billion tier of the world's population in terms of poverty. [2]
Countries Seen as Economically Stable With the World Bank forecasting growth of the global economy to slow in 2019 to 2.9 percent, countries that provide economic safe harbors for their citizens ...
There are a number of studies confirming that spatial development in countries with higher levels of economic development differs from countries with lower levels of development. [4] The correlation between geography and a nation's wealth can be observed by examining a country's GDP (gross national product) per capita, which takes into account ...
The Economy of East Africa is characterized by diverse sectors, with agriculture playing a pivotal role, employing the majority of the population and contributing significantly to GDP. Key crops include coffee, tea, and horticultural products. East Africa is the fastest growing region in Africa. [4]
Development economics is a branch of economics that deals with economic aspects of the development process in low- and middle- income countries. Its focus is not only on methods of promoting economic development, economic growth and structural change but also on improving the potential for the mass of the population, for example, through health, education and workplace conditions, whether ...