Acta Oeconomica Pragensia 2009, 17(1):60-77 | DOI: 10.18267/j.aop.4

Economic policy of Angola and development of its national economy

Jiří Sýkora
Světový potravinový fond, Angola (juve616@yahoo.com).

The article describes the state and development of Angolan economy. From being one of the strongest economies in Africa, Angola was transformed by long-term civil conflict into debris of its former fame. Fortunately, the fighting has finished a few years ago and fortunately again, Angola is rich in natural resources, above all in oil. This article looks at the recent developments of Angolan economy and the lack of government's good will and capacity to use the vast and growing oil revenue for the benefit of national economy. Thanks to the situation of world oil market Angolan government can easily push aside the international calls for reforms and transparency and access sufficient financial resources from the likes of China. Still, there is a hope Angolan government will yield under the international pressure and reform its macroeconomic policies. This is the premise for returning to Angola's former economic shape.

Keywords: economic policy, fiscal policy, international relations
JEL classification: E66, O55, Q38

Published: February 1, 2009  Show citation

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Sýkora, J. (2009). Economic policy of Angola and development of its national economy. Acta Oeconomica Pragensia, 17(1), 60-77. doi: 10.18267/j.aop.4
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