We Are Eternaly Stunked on Oil Economy: Evidences of Angola Economy

In this particular study, I analyse in detail the strong influence of dependence on natural resources. However, a large number of countries with significant natural resources have not managed to promote high standards of significant transformation. Angola, however, is following the same path where, from the outset, abundance of oil and diamonds providing impoverishing growth, strongly supported by short-term public policies that in fact sustain only a minority. Naturally, the abundance of natural resources, particularly for Angola, has nevertheless promoted vicious economic and political circles, which are in fact consistent with short-term objectives. Most of these cycles are in fact ongoing. On the other hand, another major feature highlighted in the study is that it shows, for example, an economy based on international market expectations, so it is international markets that largely control the Angolan economy. On the other hand, the increase in political inconsistencies and public policies aimed at a minority naturally contributed to the consistency of vicious circles and, on the other hand, to the continuity of economic destruction in particular.