Despite abundant natural resources, and the rapid development of an enclave oil sector, the Angolan economy has been characterized by enormous distortions and poor output performance since independence in 1975. These problems may be attributed to three factors: (i) the continuing war against UNITA and South Africa; (ii) severe human resource constraints, due to the massive exodus of Portugese settlers and the resulting skill shortage; and (iii) deficiencies...
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DETAILS
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1989/06/26
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Pre-2003 Economic or Sector Report
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7283
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1
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2010/06/12
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Disclosed
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Main report
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parallel market
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Citation
Angola - An introductory economic review (Vol. 1 of 2) : Main report (English). Washington, DC: World Bank. http://documents.worldbank.org/curated/en/407741468210259445