ities must
be imported from Australia. There is a small tourist industry.
Colombia
Colombia's economy suffers from weak domestic and foreign
demand, austere government budgets, and serious internal armed
conflict, but seems poised for recovery. Other economic problems
facing President URIBE range from reforming the pension system to
reducing high unemployment. Two of Colombia's leading exports, oil
and coffee, face an uncertain future; new exploration is needed to
offset declining oil production, while coffee harvests and prices
are depressed. On the positive side, several international financial
institutions have praised the economic reforms introduced by URIBE,
which includes measures designed to reduce the public-sector deficit
below 2.5% of GDP in 2004. The government's economic policy and
democratic security strategy have engendered a growing sense of
confidence in the economy, particularly within the business sector,
and GDP growth in 2003 was among the highest in Latin America.
Comoros
One of the world's poorest countries, Comoros is made up of
three islands that have inadequate transportation links, a young and
rapidly increasing population, and few natural resources. The low
educational level of the labor force contributes to a subsistence
level of economic activity, high unemployment, and a heavy
dependence on foreign grants and technical assistance. Agriculture,
including fishing, hunting, and forestry, contributes 40% to GDP,
employs 80% of the labor force, and provides most of the exports.
The country is not self-sufficient in food production; rice, the
main staple, accounts for the bulk of imports. The government -
which is hampered by internal political disputes - is struggling to
upgrade education and technical training, to privatize commercial
and industrial enterprises, to improve health services, to diversify
exports, to promote tourism, and to reduce the high population
growth rate. Increased foreign support is essential if the goal of
4% annual GDP growth is to be met. Remittances from 150,000 Comorans
abroad help supplement GDP.
Congo, Democratic Republic of the
The economy of the Democratic
Republic of the Congo - a nation endowed with vast potential wealth
- has declined drastically since the mid-1980s. The war, which began
in August 1998, has dramatically reduced national output and
government revenue, has increas
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