翻訳と辞書
Words near each other
・ Economy of Tangier
・ Economy of Tanzania
・ Economy of Tasmania
・ Economy of Telangana
・ Economy of Texas
・ Economy of Thailand
・ Economy of the African Union
・ Economy of the Americas
・ Economy of the Arab League
・ Economy of the Bahamas
・ Economy of the British Virgin Islands
・ Economy of the Caribbean
・ Economy of the Cayman Islands
・ Economy of the Central African Republic
・ Economy of the Chuvash Republic
Economy of the Comoros
・ Economy of the Confederate States of America
・ Economy of the Cook Islands
・ Economy of the Cucuteni–Trypillian culture
・ Economy of the Czech Republic
・ Economy of the Democratic Republic of the Congo
・ Economy of the Dominican Republic
・ Economy of the Drôme department
・ Economy of the Empire of Brazil
・ Economy of the European Union
・ Economy of the Falkland Islands
・ Economy of the Faroe Islands
・ Economy of the Federally Administered Tribal Areas
・ Economy of the Federated States of Micronesia
・ Economy of the Gambia


Dictionary Lists
翻訳と辞書 辞書検索 [ 開発暫定版 ]
スポンサード リンク

Economy of the Comoros : ウィキペディア英語版
Economy of the Comoros

The Comoros is made up of three islands that have inadequate transportation links, a young and rapidly increasing population, and few natural resources. The low educational level of the labor force contributes to a subsistence level of economic activity, high unemployment, and a heavy dependence on foreign grants and technical assistance. The Comoros, with an estimated gross domestic product (GDP) per capita income of about $700, is among the world's poorest and least developed nations. Although the quality of the land differs from island to island, most of the widespread lava-encrusted soil formations are unsuited to agriculture. As a result, most of the inhabitants make their living from subsistence agriculture and fishing. Average wages in 2007 hover around $3–4 per day.
Agriculture, including fishing, hunting, and forestry, is the leading sector of the economy. It contributes 40% to GDP, employs 80% of the labor force, and provides most of the exports. The country is not self-sufficient in food production; rice, the main staple, accounts for the bulk of imports.
The government is working to upgrade education and technical training, to privatize commercial and industrial enterprises, to improve health services, to diversify exports, to promote tourism, and to reduce the high population growth rate. Continued foreign support is essential if the goal of 4% annual GDP growth is to be met. At 24 percent of GDP, remittances constitute an important source of inflows for the Comorian economy.〔(MFW4A )〕
The GDP per capita of the Comoros grew 55% in the 1980s. But this proved unsustainable and it consequently shrank by 42% in the Nineties.
==Economic history==
During the colonial period, the French and local leading citizens established plantations to grow cash crops for export. Even after independence, French companies, such as Société Bambao and Établissements Grimaldi—and other concerns, such as Kalfane and Company and later, President Abdallah's Établissements Abdallah et Fils—dominated the Comoran economy. These firms diverted most of their profits overseas, investing little in the infrastructure of the islands beyond what was needed for profitable management of the plantations, or what could benefit these businesses' associates or related concerns. A serious consequence of this approach has been the languishing of the food-crop agricultural sector and the resultant dependence on overseas food imports, particularly rice. In 1993 the Comoros remained hostage to fluctuating prices on the international market for such crops as vanilla, ylang-ylang, and cloves.〔(Comoros: Country Studies - Federal Research Division, Library of Congress )〕
The Comoros is one of the world's poorest countries; its per capita gross national product (GNP—see Glossary) was estimated at US$400 in 1994, following the January devaluation of the Comorian franc. Although GNP increased in real terms at an average annual rate of 3.1 percent during the 1980s, rapid population growth effaced these gains and caused an average annual decrease in per capita GNP of 0.6 percent. Gross domestic product (GDP—see Glossary) grew in real terms by 4.2 percent per year from 1980 to 1985, 1.8 percent from 1985 to 1988, and 1.5 percent in 1990. In 1991, because of its balance of payments difficulties, the Comoros became eligible for the IDA's Special Program of Assistance for debt-distressed countries of sub-Saharan Africa.〔
The economy is based on private ownership, frequently by foreign investors. Nationalization, even during the Soilih years, has been limited. Soilih did expropriate the facilities of a foreign oil company, but only after the government of Madagascar took over the company's plants in that country. The Abdallah government, despite its openness to foreign participation in the economy, nationalized the Société Bambao and another Frenchcapitalized firm, the Comoran Meat Company (Société Comorienne des Viandes—Socovia), which specialized in sales of meat and other foods in the islands. The nationalization was short-lived, however, because Socovia and other government-held enterprises were either liquidated or privatized as part of economic restructuring efforts in 1992.〔
Following the Abdallah regime's rapprochement with France in 1978, the Comoran economy became increasingly dependent on infusions of French aid, along with assistance from other governments and international organizations. By 1990, the year the Comoros concluded negotiations with the IMF for an economic restructuring program, the republic's total external public debt was US$162.4 million, an amount equal to about three-quarters of GNP. The government delayed implementing the structural adjustment plan and was directed by the World Bank and the IMF to do so by September 1992. The plan recommendations entailed discharging about 2,800 of 9,000 civil servants, among other unpopular measures. The IMF granted the Comoros a new credit for US$1.9 million in March 1994 under the Structural Adjustment Facility. For the period 1994-96, the Comoros sought an economic growth rate of 4 percent as well as an inflation rate of 4 percent for 1995-96. The growth rate for 1994, however, was estimated only at 0.7 percent and the inflation rate at 15 percent. Meanwhile, in a move designed to encourage private enterprise and reduce unemployment, in May 1993 the UN Development Programme had given the Comoros a credit of US$2 million for programs in these areas. In January 1994, the European Development Fund (EDF) granted 1.3 million European Currency Units (ECUs; for value, see Glossary) to the Comoros to develop small businesses. The Comoros also received 5.7 million French francs from the French Aid and Cooperation Fund for agriculture and rural development.〔
The results of foreign aid to the Comoros have been mixed at best. The purposes of the aid ranged from helping the government cover its payroll for such huge, seemingly endless projects as expanding the seaport at Moroni and developing a new port at Mutsamuda on Nzwani. Neither project had shown much promise by early 1994. Meanwhile, the islands have been unable to develop local resources or create the infrastructure needed for economic development. The few successes included the creation of national news media and limited improvements in public health, education, and telecommunications. Developmental assistance from the United States, which totaled US$700,000 in fiscal year (FY—see Glossary) 1991, was administered by CARE, the nongovernmental organization, and focused primarily on reforestation, soil conservation, and sustainable agriculture.〔
The Comoros has officially participated in the African Franc Zone (Communauté Financière Africaine—CFA; see Glossary) since 1979. The CFA franc was devalued by 50 percent on January 12, 1994, causing the exchange rate to become 100 CFA francs for one French franc. Subsequently, the Comoran franc was devalued so that instead of being directly aligned with the CFA franc, seventyfive Comoran francs equaled one French franc.〔
A national labor organization, the Union of Comoran Workers (Union des Travailleurs des Comores), also had headquarters in Moroni. Strikes and worker demonstrations often occurred in response to political crises, economic restructuring mandated by international financial organizations, and the failure of the government—occasionally for months at a time—to pay civil servants.〔 Mean wages were $0.80 per manhour in 2009.

抄文引用元・出典: フリー百科事典『 ウィキペディア(Wikipedia)
ウィキペディアで「Economy of the Comoros」の詳細全文を読む



スポンサード リンク
翻訳と辞書 : 翻訳のためのインターネットリソース

Copyright(C) kotoba.ne.jp 1997-2016. All Rights Reserved.