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Surviving the Turbulence Is Not Enough: Can Côte d'Ivoire Flourish Again?

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Author Info

  • Constant, Amelie F.

    ()
    (DIW DC, George Washington University)

  • Tien, Bienvenue N.

    ()
    (DIW DC)

Abstract

Côte 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 Info

Paper provided by Institute for the Study of Labor (IZA) in its series IZA Policy Papers with number 30.

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Length: 31 pages
Date of creation: Sep 2011
Date of revision:
Handle: RePEc:iza:izapps:pp30

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Related research

Keywords: immigra; regional economics; Africa; economic development; education; national budget; public economics; government policy and regulation; international relations; conflict resolution; macroeconomic policy; trade; international migration; remittances;

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  1. 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).
  2. Pierre van den Boogaerde & Charalambos G. Tsangarides, 2005. "Ten Years After the CFA Franc Devaluation," IMF Working Papers 05/145, International Monetary Fund.
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