Overview
Burundi is among the poorest countries in the world in the human development index it ranked 166 out of the 169 in the listed countries. Burundi has a low GDP (gross domestic product) due to the conflict, poor access to education, corruption and the cause of HIV/AIDS. The GDP of the country is ~2.7billion and income per capita is estimated at $ 171in 2011(compared USD 300 in1993 crisis)The Economic expansion rate is at 2.5 percent which is too low compared to its neighboring countries due to high level of population growth and inert economic conditions. The country is very dependent upon foreign aid to sustain its economy. According to the international monetary fund report, agriculture has the biggest share of the economy of Burundi with 37.1 percent of the gross domestic product through coffee and tea crops. The agro-sector is the dominate employer with 94 % workforce (the majority of the population lives of agricultures) among the most cultivated crops are: tea, coffee, cotton, corn, sorghum, and bananas. Coffee is the biggest earner in international exchange which poss...
Kenya is in a malnourished area, so the farmers should sell their produce more locally for better improvements
Somalia is one of the world’s poorest and least developed countries (Campbell). Because of the Civil War, which broke out in 1991, much of Somalia’s economy has been devastated. The war left many homeless and drove them to raise livestock as a means of survival. The economy used to be based on exports of cattle, goats, and bananas but as of early 1992 much of the economic trade had come to a halt. Now the economy is primarily based on the raising of livestock, which accounts for 40% of the Gross Domestic Product (GDP) (Alhaus). Due to overgrazing, soil erosion, and the clearing away of many trees, Somalia has very few natural resources, which have not been exploited.
The economics of Haiti has deceased in the last 4 years after the devastating earthquake that struck it 4 years ago. The Haiti economy has become very poor and one of the poorest country in the south, Central America and Caribbean region making it ranked 24 out of 29 countries in this area and its overall score is below average. Haiti’s economic freedom is 48.1 making it economy the 151st freest country while in the last several years Declines in the management of government spending, freedom from corruption, and labor freedom make its overall score 2.6 points lower than last year. Recovering from the disastrous earthquake in 2010 with the support of the U.S. recovering efforts “Haiti’s post-earthquake reconstruction efforts continue, assisted by substantial aid from the international community. Governing institutions remain weak and inefficient, and overall progress has not been substantial. The parliament has not renewed the mandate of the Interim Haiti Recovery Commission, which had been tasked with overseeing reconstruction efforts but was unpopular.”( .heritage.org). The open market of Haiti trade weighted to be 2.1 this is because the lack of tariffs hamper the trade freedom of Haiti. Foreign investors are given national treatment but the investment is small and the financial sector is remained underdeveloped and does not provide any adequate support.
Uganda, formally known as the Republic of Uganda, is a poverty stricken country plagued with economic instabilities. Since the 1980’s, the economy has remained on a fairly steady climb, but many have doubts about the continuation of growth. Uganda will never achieve a stable economy if they do not establish changes to their infrastructure. To implement these modifications and maintain economic progression, Uganda will need 1) better government determination to end corruption, 2) commitment to improve the weak educational reforms, and 3) a decrease in their export vulnerabilities. Fortunately, the country is experiencing a much needed evolution in telecommunication which could be the single most contributing factor for an improved economy.
The overriding challenge Uganda faces today is the curse of poverty. Poverty, ‘the lack of something”(“Poverty.”), something can be materials, knowledge, or anything one justifies as necessary to living. Associated with poverty is the question of what causes poverty and how to stop poverty? The poverty rate in Uganda has declined from the year 2002 from the year 2009, which shows the percent of residents living in poverty has decreasing. Yet, the year is 2014 and the poverty rate could have drastically changed over the course of five years. One could assume the poverty rate would continue to decrease, which would be astounding and beneficial, but does poverty ever decrease enough to an acceptable level or even nonexistence? Poverty is a complex issue that continues to puzzle people from all across the globe. Poverty could possible be a question that is never truly answered.
Genocide, destruction, poor infrastructure, Rwanda a recovering country that cannot shed it’s bad reputation. Before Belgium colonized Rwanda there were Hutu’s and Twa’s, later on in the 1300’s the Tutsi’s migrated over. When these ethnic groups met they created a common culture and language, they were equals. However the ethnic divisions perpetuated by Belgium resulted in a Genocide that tarnished Rwanda’s global image. People can note that Belgiums reign created chaos and terror, in addition politic issues regarding government power and the treatment of it’s people shaped modern day Rwanda.
Brazil’s economy is very diverse in a number of industries and is supported by its export of agricultural products, natural resources, manufacturing, and a multitude of services. The diversification of its exports reduces risk from unexpected and unanticipated market shocks, which provides strength and stability for investment. Brazil also has a trade surplus from its exporting, which provides a great deal of optimism for the country. According to A to Z Business World (2014), “Brazil is regarded as the World’s number one producer and exporter of several agricultural commodities including coffee, sugar cane, tropical fruits, and most recently soybeans.” The agricultural business accounts for approximately 23 percent of Brazil’s economy (IB Times, 2014). Brazil is also considered one of the world’s top food suppliers. With all the global food shortages, Brazil has become reliant on trading its agricultural commodities. The agricultural commodities are also a contributing factor to Brazil’s trade surplus. Brazil is renowned as the world leader in agricul...
billion. By looking at the map below you can see that it takes up a
When comes to Economic aspect, coffee is the second most traded product in the world after petroleum. As the country’s economy is dependent on agriculture, which accounts for about 45 percent of the GDP, 90 percent of exports and 80 percent of total employment, coffee is one of the most important commodities to the Ethiopian economy. It has always been the country’s most important cash crop and largest export commodity. (Zelalem Tesera p
The main source of income for Kenya comes from agriculture. Coffee and tea are the most valuable crops. Together they account for approximately 50 per cent of all forigien exchange earnings. Because of the rapidly growing population, Kenya now imports large quantities of food, praticularly wheat. Unemployment is high. Expecally in the urban areas.
Human population growth is becoming a huge issue in our world today. The population is increasing rapidly. The reason that it is becoming a concern is because it has affected the economic, environmental, and social aspects of our world. In the film Frontline: Heat, we can see how there might not be a future for our planet unless we are able to reduce the emissions and make our world a safe place. Not only for the present but also for future generations so that they are able to live long and healthy lives.
Today, most of Zimbabwe’s population lives in poverty. The numbers of people that are under the Total Consumption Poverty Line in Zimbabwe have exponentially increased. The percentage was 72% in 2003 but it has worsened due to the long economic crisis that occurred. The crisis that lasted for eight years had damaged this percentage. It has decreaseld by 40% according to the GDP (Gross Domestic Product). These numbers has not increased by much for the last five years. This reduction not only affects the money but it has also affected living conditions.
Importing grain started to steadily increase in Bangladesh back in 1950 (Clay, 1978). Prior to independence, a lot of the imported aid went to what was considered
According to Ministry of finance and planning, 61.2% Ugandans in rural areas survive on less than one US dollar per day. This is a very big percentage which needs an intervening policy but the government seem unbothered.