Economic analysis Flashcards
What continue to earn money for Congo?
Mining, oil, agriculture and forestry
How was industry encourage?
Reduced import duties on factory equipment
What is providing employment?
Foreign firms
How did foreign firms earn money for the country?
Well well text
Where did financial aid come from?
USAM
Where did the country successfully borrow money from?
The IMF and private banks
Why was profit from mining operation sent overseas?
First period of Mobutu’s dictatorship the foreign firms store owned the mines
What happened wants the mind to a place under the control of the locals?
Mines were not well managed because of lack of experience
Why is the money not reinvested in the growth of the mining operations?
Wealth went into the bank accounts of top ranking officials and Mobutu
How was foreign aid and loans wasted?
Incorruption
What interrupted trade, industry and agriculture?
Civil wars
What still made Congo vulnerable to a fall in commodity prices?
Overdependence on mining
What did the high unemployment rate lead to?
Many Congolese people leaving the country
