Politics And Economic Development Of Angola - 1925 Words

Politics play a crucial role in the success of any economy. The field of political economy is, thus, crucial in demonstrating the manner politics, law and institutions alter the course a country’s economic development. Politics is an integral part of an economy since it is used to allocate scarce resources within a state. Ideally, political economy refers to a mixture of sociology, politics, economics, history and philosophy, which integrates adequate evidence to examine how individuals exist within societies. Although the partnership between China and Angola dates back to 1960s and 1970s, over the recent past, Africa, particularly Angola, has increasingly become an attractive site for Chinese investments. This report reveals that China has been at the forefront in spearheading investments and economic development of Angola, particularly on its agricultural and oil sectors. The face of China’s contribution towards economic growth in Angola A number of sources have reveals that China has apparently become a key economic partner to Angola. The country has been described as being one of the key recipients of Chinese investments on the continent. Angolan and Chinese political and economic ties expanded during the late 1980 after the signing of the first trade agreement between the two countries in 1984. Since then, the bilateral trade between Angola and China has considerably expanded exceeding $ 120 billion by 2010. In spite of the poor relationship between the MPLA and theShow MoreRelatedAngola s Percentile Rank On Each Of The Six Governance Indicators1086 Words   |  5 Pagesother countries, Angola scores very low on all indicators. In other words, Angola falls into the category of exclusive institution. This finding further confirms conclusions made by political scientists that the quality of institutions matters. Based on qualitative analysis, many scholars believe that the abundance of natural resources can lead to rent-seeking behavior and corruption. It can lead to decreased quality of political institutions thus affect the economic development negatively (BrunnschweilerRead MoreAngola Essay1472 Words   |  6 PagesAngola Angola, formerly Portuguese West Africa, is the seventh largest country in Africa. The country can be divided into three major regions: the coastal plain, a transition zone, and the vast inland plateau. Angola has a tropical climate with its vegetation including tropical rain forests, savannas, grasslands, palm trees and even deserts. A great variety of animal life ranging from elephants, rhinoceros, giraffes, and even crocodiles can also be found in this African country (MicrosoftRead MoreChina Oil And Gas Group Limited1673 Words   |  7 Pagesresearch and development Opportunity: †¢ Rising need in China †¢ Increasing global fuel demand as well as fuel Rates Threats: †¢ Government protocols †¢ Extraordinary Rivalry †¢ Environmental regulations The way will China develop the economy in the next 5-10 years is usually an important ideal issue, and hence the 1st factor we should instead discuss. Inside final investigation, this is usually an issue connected with balancing, or perhaps rebalancing, distinct economic products. ThisRead MoreThe Un Global Compact Underlines900 Words   |  4 Pagesintended for development, undermining a government’s ability to provide basic services, feeding inequality and injustice and discouraging foreign investment and aid’ (Adeyeye 2012: 2). In addition to the importance of corruption in the policy agenda, there is emerging consensus in academia, empirically as well as theoretically, that corruption has detrimental effects on society on different levels. Odell (2010) describes it as a ‘systematic disabler’ damaging economic and human development and addingRead MoreAngola and Portuguese Colonization3006 Words   |  12 PagesBackground Angola is one of the many African countries which suffered from the Portuguese colonisation in earlier years. The colonisation these African countries suffered from (specifically Angola), began in the mid eighteenth century (Santos, 2010), where European countries identified the many resources that these countries were rich in, and found an opportunity to possess them through migrating to these countries and taking over the governance in these countries, changing the system in a way thatRead MoreThe Republic Of South Africa956 Words   |  4 Pagesconstitutional democracy with three-tier system of government. South Africa s history and politics are complex and dominated by the country s harrowing journey to end apartheid. Political: Jacob Zuma of the African National Congress was elected president by the National Assembly in 2009 and re-elected by an ANC-dominated parliament for another five years in May 2014. The ANC has directed politics since the end of apartheid in 1994. 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I understand, for reason of social policy and Geopolitical shift from west, namely the United States of America but also post-colonial powers, to Asia as economic benefactor... Obama comment of ‘Looking out East† China is now a major market financierRead MoreTo What Extent Is The Success Conditions Of Economic Sanctions? Nature Of Durability As A Target Country?1029 Words   |  5 PagesWhat is the Success Conditions of Economic Sanctions? Nature of Durability as a Target Country Daichi Sudo 6985 Introduction Economic sanctions have become a common tool of international relations and an important yet controversial foreign policy tool. In fact, economic sanctions have been gathering attention recently, such as the United States and European Union (EU) against Russia s Crimea Annexation, and United Nation (UN) against North Korea and Iran based on the Nations Security Council ResolutionsRead MoreThe Effects of Petroleum Business on Nigeria1562 Words   |  7 Pagesin Africa is Nigeria. The petroleum company is the main contributing factor of the GDP in the West African nation, which is also the continents, most noticeable and populous reserves. Since Nigeria was under British control it has suffered socio-economic and political adversities for decades. Corrupt domestic militias and complicity of multinational corporations have rid the nation of its natural resources. The same corporations that are ridding the land and exploring the resources have hypocritically