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Transformation for Post-Conflict Angola

In: Post-Conflict Economies in Africa

Author

Listed:
  • Fátima Moura Roque

Abstract

Angola has extensive reserves of oil, diamonds and other minerals, and a burgeoning oil industry. At independence in 1975 it had a well-developed energy, transportation and communications infrastructure. However, the potential for balanced growth has been blighted by civil war, a critical shortage of skills, a centrally-planned economy subordinated to a military agenda, economic mismanagement, endemic corruption, and dependence on oil for foreign exchange and revenue. The country has been impoverished by war. Political interference in economic management resulted in perverse policies, financial sector weakness, opaque public accounts, and corruption. Welfare and personal security declined; Angola lacks qualified public managers and technicians. The public sector is inefficient and a weak private sector is engaged largely in rent-seeking.

Suggested Citation

  • Fátima Moura Roque, 2005. "Transformation for Post-Conflict Angola," International Economic Association Series, in: Augustin Kwasi Fosu & Paul Collier (ed.), Post-Conflict Economies in Africa, chapter 13, pages 213-228, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-0-230-52273-2_13
    DOI: 10.1057/9780230522732_13
    as

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