Surviving the Turbulence Is Not Enough: Can Côte d'Ivoire Flourish Again?
AbstractCôte d'Ivoire is the world’s largest producer and exporter of cocoa beans, it accounts for 40% of the WAEMU's output, and 11% of its population are immigrant workers. Any political instability in the country will not only affect the domestic economy, but it will also affect the international trading markets. In addition, it will affect the West Africa region through trading of goods, through migration and the financial and banking sectors. With the new President sworn in on May 21, 2011, the political crisis is officially over. Real national reconciliation, however, will take much longer to happen. Serious economic issues need to be addressed, the country has high public debt, and its small and medium enterprises – the backbone of the economy – are severely hit. Côte d'Ivoire lags behind other developing countries in its preparedness and economic performance towards the Knowledge Economy, its educational sector is underperforming and powerless in producing a competitive labor force. Can the new President heal wounds and make the country flourish again?
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Bibliographic InfoPaper provided by Institute for the Study of Labor (IZA) in its series IZA Policy Papers with number 30.
Length: 31 pages
Date of creation: Sep 2011
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Find related papers by JEL classification:
- D7 - Microeconomics - - Analysis of Collective Decision-Making
- E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
- F1 - International Economics - - Trade
- F2 - International Economics - - International Factor Movements and International Business
- F5 - International Economics - - International Relations, National Security, and International Political Economy
- G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
- H1 - Public Economics - - Structure and Scope of Government
- H63 - Public Economics - - National Budget, Deficit, and Debt - - - Debt; Debt Management; Sovereign Debt
- I2 - Health, Education, and Welfare - - Education
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
- R10 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - General
- J61 - Labor and Demographic Economics - - Mobility, Unemployment, Vacancies, and Immigrant Workers - - - Geographic Labor Mobility; Immigrant Workers
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- Pierre van den Boogaerde & Charalambos G. Tsangarides, 2005. "Ten Years After the CFA Franc Devaluation: Progress Toward Regional Integration in the WAEMU," IMF Working Papers 05/145, International Monetary Fund.
- Constant, Amelie F. & Tien, Bienvenue N., 2010.
"African Leaders: Their Education Abroad and FDI Flows,"
IZA Discussion Papers
5353, Institute for the Study of Labor (IZA).
- Amelie Constant & Bienvenue N. Tien, 2010. "African Leaders: Their Education Abroad and FDI Flows," Discussion Papers of DIW Berlin 1087, DIW Berlin, German Institute for Economic Research.
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