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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 ...
Stephen Ellis reports one of the most egregious examples as being the total removal of iron ore processing machinery for onward sale while the Buchanan compound was under ECOMOG control. [ 6 ] The United States State Department provided some logistics support to the force via the U.S. company Pacific Architects & Engineers , which provided ...
Countries in Africa are sorted according to data from the International Monetary Fund. [1] The figures presented here do not take into account differences in the cost of living in different countries, and the results can vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. [2]
The 1980 Lagos Plan of Action for the Development of Africa, followed by the 1991 treaty to establish the African Economic Community (also referred to as the Abuja Treaty), proposed the creation of regional economic communities (RECs) as the basis for African integration, with a timetable for regional and then continental integration to follow ...
An economic system, or economic order, [1] is a system of production, resource allocation and distribution of goods and services within a society. It includes the combination of the various institutions , agencies, entities, decision-making processes, and patterns of consumption that comprise the economic structure of a given community.
It is a standard means of measuring well-being. It is used to distinguish whether the country is a developed, developing, or underdeveloped country, and also to measure the impact of economic policies on quality of life. Countries fall into four broad categories based on their HDI: very high, high, medium, and low human development.
There were many kingdoms and empires in all regions of the continent of Africa throughout history. A kingdom is a state with a king or queen as its head. [1] An empire is a political unit made up of several territories, military outposts, and peoples, "usually created by conquest, and divided between a dominant centre and subordinate peripheries".
Manning, for example, arrived at the following conclusion, after accounting for regional variations in slave exports and assuming an annual African population growth rate of 0.5.%: the population of West Africa would have been 100 million rather than ~50 million in 1850, if not for the combined effects of the external and internal slave trades ...