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Angola - an Oil Dependant Country in Sub-Saharan Africa

Author

Listed:
  • Baumgartner Boris

    (Ing. Boris Baumgartner, PhD; University of Economics in Bratislava, Faculty of Commerce, Department of International Trade, Dolnozemská cesta 1, 852 35 Bratislava)

Abstract

The Sub-Saharan Africa belongs to the most underdeveloped regions in the world economy. This region consists of forty nine countries but it’s world GDP share is only a small percentage. There are some very resource rich countries in this region. One of them is Angola. This former Portuguese colony has one of the largest inventories of oil among all African countries. Angola recorded one of the highest growth of GDP between 2004-2008 from all countries in the world economy and nowadays is the third biggest economy in Sub-Saharan Africa after Nigeria and South Africa. The essential problem of Angola is the one-way oriented economy on oil and general on natural resources. Angola will be forced to change their one-way oriented economy to be more diversified and competitive in the future.

Suggested Citation

  • Baumgartner Boris, 2016. "Angola - an Oil Dependant Country in Sub-Saharan Africa," Studia Commercialia Bratislavensia, Sciendo, vol. 9(35), pages 233-242, December.
    • Handle: RePEc:vrs:stcomb:v:9:y:2016:i:35:p:233-242:n:1
    DOI: 10.1515/stcb-2016-0023
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    References listed on IDEAS

    as
    1. Alexis Habiyaremye, 2013. "‘Angola‐mode’ Trade Deals and the Awakening of African Lion Economies," African Development Review, African Development Bank, vol. 25(4), pages 636-647, December.
    2. Renato Aguilar & Andrea Goldstein, 2009. "The Chinisation of Africa: The Case of Angola," The World Economy, Wiley Blackwell, vol. 32(11), pages 1543-1562, November.
    3. Richard Schiere, 2014. "The Impact of China on the Donor Landscape in African Fragile States," IDS Bulletin, Blackwell Publishing, vol. 45(4), pages 46-56, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Sub-Saharan Africa; oil; resource curse; China;
    All these keywords.

    JEL classification:

    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa

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