Sierra Leone case study Flashcards
Peripheral economy
relies heavily on primary industries like agriculture or mining, with limited industrial development. These economies often face challenges in diversifying their economic activities and may depend on more developed nations for technology and investment. Depend on more developed economies to get what they need.
background
-Small west african country
-Many natural resources (lots of mining)
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multilateral and bilateral trade agreements
-Bilateral trade agreements with Uk and China
-Member of trading bloc ECOWAS
GDP
Low GDP per capita 480 USD low GDP increase by 3 percent recently
main exports
ores (eg.iron) and agricultural products cocoa beans, coffee
Tertiary sector
only 30% of GDP
unemployment
In Sierra Leone 70% of under 25s are unemployed not a skilled work force
TNCs
Sierra leóne only has small number of MNCs for example affiliates of Coca Cola and BT, overall it is a country in which there are still many opportunities for investment to develop the potential of its mineral and agricultural resources
Manufacturing
industry contributes only 27% to GDP in Sierra Leone
diamond export
Diamonds constitute a significant portion of Sierra Leone’s exports, contributing around 63% to the total exports of the country
civil war (political) why limit
The control of diamond mines was a significant factor in the conflict. Both the government and rebel forces sought to control diamond-rich areas to finance their activities.
Slow recovery from civil war that lasted 1991-2001, 50,000 dead
Inefficient government bureaucracy and corruption
Illegal trading is not under control
gender inequality statistics
ranks 153 out of 162 countries on the Gender Inequality Index (GII) as of 2022.
Social why limit
Education levels a very low
Lots of gender inequality
Use of child labour
Inequalities in health, poverty and life expectancy
Education levels a very low
secondary school enrollment drops significantly to about 34% (UNESCO)
child labour stat
Approximately 38% of children aged 5-17 are involved in child labor as of 2023 (UNICEF).
poverty
bout 56.8% of the population lives below the poverty line
Environmental
for low trade
Prevalence of endemic diseases such as malaria typhoid yellow fever have a very large impact of workforce
Environmental damage to water, soil and forest reserves due to large scale mining
Sierra Leone trade deficit
Sierra Leone consistently runs a trade deficit. In 2022, the trade deficit was approximately $800 million (World Bank), indicating that the value of imports significantly exceeds that of exports.
spatial inequalities
Freetown, the capital, the average annual income is approximately $1,500, significantly higher than the $300 average annual income in rural areas. This stark disparity underscores the better economic opportunities and infrastructure available in urban regions (World Bank, 2023).
china built what in Freetown
hospital
what union is Sierra Leone part of
Mano river union, Mano river union, improving socio economic aspects of the countries, works to enhance cooperation between states does this by promoting peace and security and democratic principles