Angola’s economy is ranked at number 160 as the freest economy as per the current index. The economic freedom of this African country has a score of 46.7. Currently, this score has improved by a point of 0.5 which is attributed to improved government performance in terms of spending, business and human workforce. Even throughout of the 46 sub-Saharan African countries, Angola comes number 38, its score is still low compared to other world and African economies. Angola’s economic freedom is being undermined by corruption political interference especially on judicial affairs. Oil and diamond dependency for revenue by the ...
Angolans Literature Reviews Samples For Students
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Introduction According to Taylor (2006), a ship leaving Shanghai today will arrive in Lobito, one of the largest Angolan ports, after exactly six weeks. One then wonders, why the tight financial and commercial links between Angola and China? Despite the geographical distance between the two nations, their financial win-win relationship has been remarkably stable for over a decade now. The essence of the relationship is the crude oil in Angola. Currently Angola is the biggest competitor taking on Nigeria in the oil business in Africa. According to Naidu and Marks (2010), intelligence reports relating to the year 2009 indicated that unrefined ...
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