Economic Impact of the Cocoa Industry - Case Study Example

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Economic Impact of the Cocoa Industry

It lies between Liberia and Ghana and borders the North Atlantic Ocean. Other neighboring countries are Mali and Burkina Faso in the north, Guinea in the east, and the Gulf of Guinea in the south. (Central Intelligence Agency) Its principal city is Abidjan, which is the economic and political capital of the country. Yamoussoukro is its official capital city. (Bureau of African affairs) Ivory coast plays a major role in the economic and political stability of the whole of Western Africa, with people from poorer neighboring countries relying on it to provide employment.Felix Houphouet-Boigny was the main political figure leading the rebuilding of the country after the World War II. Consequently, he became the country’s president after it achieved independence in 1960. He motioned for the improvement of the conditions of the African farmers and other laborers. He believed that the path to African harmony was through gradual economic and political cooperation, recognizing the principle of laissez faire in the internal relationships. The country began to prosper with the help and cooperation given by France. Up to now, France remains as one of the major markets of the country. In the 1980s the country's economy began to suffer as the population began to grow. This caused the decline in the county’s standard of living. “A failed coup in September 2002 left Cote d’Ivoire divided between a rebel-held north and government-controlled south transforming the country from a regional economic miracle to a conflict hot-spot.” ...Show more

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The aim of the paper “Economic Impact of the Cocoa Industry” is to evaluate the economic and political stability of Ivory Coast. It plays a major role in the economic and political stability of Western Africa, with people from poorer neighboring countries relying on it to provide employment.


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