Burundi - trade Flashcards
What physical factors limit Burundi?
Landlocked and resource poor
Where is Burundi located?
East Africa
What % of the population depend on subsistence agriculture?
90%
How does Burundi rank on UN HDI scale?
170th out of 177
What is the economy based off?
Export of coffee and tea
How much does the export of coffee and tea count for in foreign exchange earnings?
90%
How much of Burundi’s exports go to the EU who provides privileged market access?
Over 1/2
What is the manufacturing sector like?
Largely underdeveloped
Name 2 factors that deter foreign investment and industrial development
Poor access overland
Reliance on Kenya’s ports
What does Burundi’s export performance rely on?
Depends on success of annual harvest and prices on world markets
What happens to world prices for primary goods?
Fluctuate more than prices for manufactured goods, creating severe economic problems during periods of oversupply and low demand
What would strengthen the country’s economic situation?
Diversification into new primary export products and diversification into manufactured goods
What does manufacturing provide?
Higher and more stable export earnings, as well as new jobs, skills and vital infrastructure
