Search results
Results from the WOW.Com Content Network
European Economic Community (EEC) cooperation with Sudan—a member of the Organisation of African, Caribbean and Pacific States (ACP)—ran under the aegis of the Lomé Convention. [1] Following the 1989 Sudanese coup d'état and ensuing violation of human rights the European Community suspended development aid in March 1990. [ 2 ]
During the 1990s, Sudan's relationship with the IMF became increasingly strained as a result of continuing debt arrears dating back to 1984. [1] In 1997, when the IMF threatened to expel Sudan from the fund, the government revised its economic policies and established a comprehensive economic reform and structural adjustment program with the ...
Today, oil is an important export industry in Sudan. Estimates suggest that oil accounts for between 70% and 90% of Sudan's total exports. The primary importers of Sudanese oil are Japan, China, South Korea, Indonesia, and India. [22] [23] Most of Sudan's oil reserves are located in the Muglad and Melut rift basins in the south of the country. [24]
National poverty lines reflect local perceptions of the level and composition of consumption or income needed to be non-poor. The perceived boundary between poor and non-poor typically rises with the average income of a country and thus does not provide a uniform measure for comparing poverty rates across countries.
One of his main arguments throughout the book is that Africa developed Europe at the same rate that Europe underdeveloped Africa. Rodney argues that a combination of power politics and economic exploitation of Africa by Europeans led to the poor state of African political and economic development evident in the late 20th century. Though, he did ...
Sudan is a least developed country and among the poorest countries in the world, [37] ranking 170th on the Human Development Index as of 2024 and 185th by nominal GDP per capita. Its economy largely relies on agriculture due to international sanctions and isolation, as well as a history of internal instability and factional violence. The large ...
The least developed countries (LDCs) are developing countries listed by the United Nations that exhibit the lowest indicators of socioeconomic development.The concept of LDCs originated in the late 1960s and the first group of LDCs was listed by the UN in its resolution 2768 (XXVI) on 18 November 1971.
Why Nations Fail: The Origins of Power, Prosperity, and Poverty, first published in 2012, is a book by economists Daron Acemoglu and James A. Robinson, who jointly received the 2024 Nobel Economics Prize (alongside Simon Johnson) for their contribution in comparative studies of prosperity between nations.