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Surviving the Turbulence Is Not Enough: Can Côte d'Ivoire Flourish Again?

Author

Listed:
  • Constant, Amelie F.

    (Temple University)

  • Tien, Bienvenue N.

    (World Bank)

Abstract

Côte d'Ivoire is the world’s largest producer and exporter of cocoa beans, it accounts for 40% of the WAEMU's output, and 11% of its population are immigrant workers. Any political instability in the country will not only affect the domestic economy, but it will also affect the international trading markets. In addition, it will affect the West Africa region through trading of goods, through migration and the financial and banking sectors. With the new President sworn in on May 21, 2011, the political crisis is officially over. Real national reconciliation, however, will take much longer to happen. Serious economic issues need to be addressed, the country has high public debt, and its small and medium enterprises – the backbone of the economy – are severely hit. Côte d'Ivoire lags behind other developing countries in its preparedness and economic performance towards the Knowledge Economy, its educational sector is underperforming and powerless in producing a competitive labor force. Can the new President heal wounds and make the country flourish again?

Suggested Citation

  • Constant, Amelie F. & Tien, Bienvenue N., 2011. "Surviving the Turbulence Is Not Enough: Can Côte d'Ivoire Flourish Again?," IZA Policy Papers 30, Institute of Labor Economics (IZA).
    • Handle: RePEc:iza:izapps:pp30
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    References listed on IDEAS

    as
    1. Mr. P. van den Boogaerde & Mr. Charalambos G Tsangarides, 2005. "Ten Years After the CFA Franc Devaluation: Progress Toward Regional Integration in the WAEMU," IMF Working Papers 2005/145, International Monetary Fund.
    2. Constant, Amelie F. & Tien, Bienvenue N., 2009. "Brainy Africans to Fortress Europe: For Money or Colonial Vestiges?," IZA Discussion Papers 4615, Institute of Labor Economics (IZA).
    3. Mr. Abdoul A Wane, 2004. "Growth and Convergence in WAEMU Countries," IMF Working Papers 2004/198, International Monetary Fund.
    4. Amelie Constant & Bienvenue N. Tien, 2010. "African Leaders: Their Education Abroad and FDI Flows," Discussion Papers of DIW Berlin 1087, DIW Berlin, German Institute for Economic Research.
    5. Joonghae Suh & Derek H. C. Chen, 2007. "Korea as a Knowledge Economy : Evolutionary Process and Lessons Learned," World Bank Publications - Books, The World Bank Group, number 6755.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    remittances; international migration; trade; macroeconomic policy; conflict resolution; international relations; government policy and regulation; public economics; national budget; education; economic development; Africa; regional economics; immigra;
    All these keywords.

    JEL classification:

    • D7 - Microeconomics - - Analysis of Collective Decision-Making
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F1 - International Economics - - Trade
    • F2 - International Economics - - International Factor Movements and International Business
    • F5 - International Economics - - International Relations, National Security, and International Political Economy
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H1 - Public Economics - - Structure and Scope of Government
    • H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
    • I2 - Health, Education, and Welfare - - Education
    • O55 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Africa
    • R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
    • J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers

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