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).