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Ivory Coast Economic Impact of the Cocoa Industry - Case Study Example
Pages 15 (3765 words)
Cte d'Ivoire is one of the smallest countries in West Africa. Formerly known as Ivory Coast, it has been called the "Jewel of Africa". 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…
Cte d'Ivoire became a French colony in 1842. 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 of other African states. 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. (Cote d'Ivoire)
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." (IRIN) Today, the Ivory Coast is struggling to maintain economic and political vitality.
Since the colonial period, the Ivorian economy is chiefly market based and depends a lot on the agricultural sector. ...