Growth and Development in Angola

In this growth and development profile video we investigate Angola which is sub-Saharan Africa’s third largest economy. You can download a copy of this presentation on Angola by going to the tutor2u website https://www.tutor2u.net/economics/reference/growth-and-development-profile-angola Angola is an excellent country to use as a contextual example that a country rich in natural resources such as crude oil, gas reserves and diamonds is often afflicted by the resource curse and then fails to make the transition from low to middle and then higher income status. It is also a go-to example when thinking of the wider effects of primary product dependency. Third largest economy in sub-Saharan Africa Second largest oil exporter in sub-Saharan Africa Has a growing liquefied natural gas sector (LNG) HDI ranking (147th) for 2019 is considerably below their GNI per capita ranking Economy remains exposed to volatile global oil prices Angola scores poorly on competitiveness, corruptionand ease of doing business