Angola's incomplete transition

Arbeitspapier

Angola’s difficulties in achieving macro-economic stability and economic liberalization have serious implications for private-sector development. Hyperinflation, and frequent policy reversal, constrain and distort investment in both the informal and formal parts of the private sector. But macro-economic instability arises in part out of mechanisms that subsidize powerful oligopolies, enabling them to capture a portion of the large oil rents. These subsidies, together with market controls, enable the oligopolies to profit at the expense of small- and micro-enterprises, thereby hindering the creation of more employment for Angola’s poor. Therefore the new private sector that is evolving in Angola owes its character to three factors: the course of the war; the country’s natural resource windfall; and the way in which liberalization and privatization have been pursued.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: WIDER Discussion Paper ; No. 2001/47

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economic Development: General ; Economywide Country Studies: Africa
• Thema: Sub-Saharan Africa ; Angola ; conflict ; economic reform ; Bürgerkrieg ; Kriegsschaden ; Wirtschaftsreform ; Privatwirtschaft ; Angola

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Aguilar, Renato
• Ereignis: Veröffentlichung
• (wer): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (wo): Helsinki
• (wann): 2001

Weitere Informationen

• Handle: http://hdl.handle.net/10419/52814
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ