Resumen de Angola's Current Economic Prospects: Oil Curse or Blessing?
Despite the global financial crisis, Angolas economy seems to be leaping from strength to strength notwithstanding considerable developmental challenges. This paper considers the countrys political context following the first democratic elections held in 16 years and the consequent shuffles in the corridors of power. Developments in Angolas oil, construction and finance sectors are also examined. As with several African countries, it appear that limited global integration has for once played in Angolas favour. While external risks are posed by violently fluctuating oil prices, and the monumental internal challenges of national reconstruction and development are evident, at least on paper, Angolas prospects are bright for the moment. The key to long-term sustainable growth, particularly in the current global context, will be in the more equitable redistribution of Angolas considerable wealth. While the countrys newly-elected parliamentarians are making all the right noises, given Angolas current political structures, it is the President and his entourage who will have the final say.
