FREE BOOKS

Author's List




PREV.   NEXT  
|<   1726   1727   1728   1729   1730   1731   1732   1733   1734   1735   1736   1737   1738   1739   1740   1741   1742   1743   1744   1745   1746   1747   1748   1749   1750  
1751   1752   1753   1754   1755   1756   1757   1758   1759   1760   1761   1762   1763   1764   1765   1766   1767   1768   1769   1770   1771   1772   1773   1774   1775   >>   >|  
ng about 45% to GDP and 90% of exports. Violence continues, millions of land mines remain, and many farmers are reluctant to return to their fields. As a result, much of the country's food must still be imported. To fully take advantage of its rich resources - gold, diamonds, extensive forests, Atlantic fisheries, and large oil deposits - Angola will need to end its conflict and continue reforming government policies. Despite the increase in the pace of civil warfare in late 1998, the economy grew by an estimated 5% in 2000. The government introduced new currency denominations in 1999, including 1 and 5 kwanza notes. Internal strife discourages investment outside of the petroleum sector, which is producing roughly 800,000 barrels of oil per day. Angola has entered into a Staff Monitored Program (SMP) with the IMF. Continued growth depends on sharp cuts in inflation, further economic reform, and a lessening of fighting. Anguilla: Anguilla has few natural resources, and the economy depends heavily on luxury tourism, offshore banking, lobster fishing, and remittances from emigrants. The economy, and especially the tourism sector, suffered a setback in late 1995 due to the effects of Hurricane Luis in September but recovered in 1996. Increased activity in the tourism industry, which has spurred the growth of the construction sector, has contributed to economic growth. Anguillan officials have put substantial effort into developing the offshore financial sector. A comprehensive package of financial services legislation was enacted in late 1994. In the medium term, prospects for the economy will depend on the tourism sector and, therefore, on continuing income growth in the industrialized nations as well as favorable weather conditions. Antarctica: Fishing off the coast and tourism, both based abroad, account for the limited economic activity. Antarctic fisheries in 1998-99 (1 July-30 June) reported landing 119,898 metric tons. Unregulated fishing landed five to six times more than the regulated fishery, and allegedly illegal fishing in antarctic waters in 1998 resulted in the seizure (by France and Australia) of at least eight fishing ships. Companies interested in commercial fishing activities in Antarctica have put forward proposals. The Convention on the Conservation of Antarctic Marine Living Resources determines the recommended catch limits
PREV.   NEXT  
|<   1726   1727   1728   1729   1730   1731   1732   1733   1734   1735   1736   1737   1738   1739   1740   1741   1742   1743   1744   1745   1746   1747   1748   1749   1750  
1751   1752   1753   1754   1755   1756   1757   1758   1759   1760   1761   1762   1763   1764   1765   1766   1767   1768   1769   1770   1771   1772   1773   1774   1775   >>   >|  



Top keywords:

fishing

 

tourism

 

sector

 

economy

 
growth
 

economic

 

Angola

 

financial

 

fisheries

 

resources


depends

 

government

 

Antarctica

 

Antarctic

 

Anguilla

 
activity
 

offshore

 
medium
 

September

 

Marine


legislation

 

enacted

 

limits

 

continuing

 

income

 

depend

 

Hurricane

 

prospects

 

effects

 

services


package

 

construction

 
Anguillan
 
substantial
 

industrialized

 

industry

 

Resources

 

recommended

 
determines
 

spurred


effort

 

Increased

 
comprehensive
 

contributed

 

Living

 
developing
 

recovered

 
officials
 

conditions

 

regulated