-economic-
"Outsourcing and globalization of manufacturing allows companies to reduce costs, benefits consumers with lower cost goods and services, causes economic expansion that reduces unemployment, and increases productivity and job creation."
Larry Elder
Larry Elder
![Picture](/uploads/3/0/0/0/30002977/6540021.png?651)
> The Economy of Angola is one of the fastest-growing economies in the world, with the Economist asserting that for 2001 to 2010,(Graphic detail Charts, maps and info graphics.)
> Even when it has extensive oil and gas resources, diamonds, hydroelectric potential, and rich agricultural land, Angola remains poor, and a third of the population relies on subsistence agriculture.
> Since 2002, when the 27-year civil war ended, the country has worked to repair and improve ravaged infrastructure and weakened political and social institutions. The Chinese made a great contribution to this aspect, because they sent a lot of people to Angola in order to build greater infrastructure
>High international oil prices and rising oil production have contributed to the very strong economic growth since 1998, but still because of corruption and public-sector mismanagement remain, particularly in the oil sector, which accounts for over 50 percent of GDP, over 90 percent of export revenue, and over 80 percent of government revenue.
> Even when it has extensive oil and gas resources, diamonds, hydroelectric potential, and rich agricultural land, Angola remains poor, and a third of the population relies on subsistence agriculture.
> Since 2002, when the 27-year civil war ended, the country has worked to repair and improve ravaged infrastructure and weakened political and social institutions. The Chinese made a great contribution to this aspect, because they sent a lot of people to Angola in order to build greater infrastructure
>High international oil prices and rising oil production have contributed to the very strong economic growth since 1998, but still because of corruption and public-sector mismanagement remain, particularly in the oil sector, which accounts for over 50 percent of GDP, over 90 percent of export revenue, and over 80 percent of government revenue.
Data was retrieved from:http://en.wikipedia.org/wiki/Economy_of_Angola#cite_note-5
As we can see in the Graph above, Angola's' economy is higher that the one of U.S.A.
---**INTERESTING FACT**----
Luanda, the capital of Angola in Southern Africa, has overtaken Tokyo as the world's most expensive city to live in for expatriates, according to Mercer's latest annual cost of living survey.
>The average cost for a luxury two-bedroom apartment in Luanda was $6,500, according to Mercer, just about $500 less than the cost in Hong Kong
>The average cost for a luxury two-bedroom apartment in Luanda was $6,500, according to Mercer, just about $500 less than the cost in Hong Kong