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Angola: Economies
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Because of immense natural resources, Angola has become the destination of many multinational corporations. Most prefer to hire expatriates with the required educational backgrounds. This practice creates tension between Angolan citizens and expatriates and has a negative effect on Angola’s economy. It is by empowering Angolans with higher education that they will be competitive in the global economy.
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A economia de Angola caracteriza-se por ser predominantemente agrícola, sendo o café sua principal cultura. Seguem-se-lhe cana-de-açúcar, sisal, milho, óleo de coco e amendoim. Entre as culturas comerciais, destacam-se o algodão, o tabaco e a borracha. A produção de batata, arroz, cacau e banana é relativamente importante. Os maiores rebanhos são de gado bovino, caprino e suíno.
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(June, 2006) The Country Economic Memorandum for Angola identifies six core areas where a strategic approach for the development of a broad-based growth strategy is required. In designing a sustainable development strategy for the country, the authorities will need to address a number of issues in six major areas which have been found to constrain growth and equitable development in Angola: (i) the incomplete transition to a market economy; (ii) macroeconomic management; (iii) governance and transparency in the management of the mineral wealth; (iv) the business environment; (v) agriculture; and (vi) public service delivery to the poor.
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