Present Economy. Angola War history. The Angolan government faces a paradox: It is an incredibly rich country, but also a very poor one. Like most African countries, it faces some of the steepest development challenges in the world. Unlike its neighbors, however, it does not depend on foreign aid or the largesse of international financial institutions such as the World Bank and the International Monetary Fund (IMF). As a result, Angola is not obliged to follow the reforms and policy recommendations of such groups. Critics say this imperviousness to pressure has fostered an opaque financial system rife with corruption, and has also weakened democratic institutions. According to a report issued by the British investigative group Global Witness in 2004, nearly $1.7 billion disappeared from the government's budget between 1997 and 2001. While Angola's finances were certainly opaque during this time period, some Africa experts note the Global Witness report is controversial and the Angolan government did make efforts following its publication to account for the lost funds

Angola, located on the west coast of Africa, is a country rich in natural resources such as oil, diamonds, and minerals. It gained independence from Portugal in 1975 after a long and bloody civil war that lasted over 27 years. Since then, Angola has made significant strides toward economic and political stability. With a population of over 32 million people, Angola is the seventh-largest country in Africa and is home to numerous ethnic groups, including the Ovimbundu, Ambundu, Bakongo, and Chokwe. Despite its vast natural resources, Angola faces numerous challenges, including high levels of poverty, unemployment, and income inequality. The country has also struggled with political corruption and a lack of transparency in its government. However, under the leadership of President João Lourenço, Angola has taken steps to combat corruption and improve its economy. The government has implemented policies to diversify its economy and attract foreign investment, and the country has seen an increase in foreign partnerships and infrastructure development. With these efforts, Angola aims to become a stable and prosperous nation in the years to come.

Angola has experienced 41 years of violent conflict, including 14 years in its struggle for independence and 27 years of political fighting between national belligerents largely supported by the Cold War geopolitical elephants of the United States and the Soviet Union. The end of violent armed conflict in 2002 gave hope that the government would finally achieve peace and that the majority of the population would benefit. Instead, we are witnessing an era of economic growth and modernization of some urban infrastructures, but not the uplifting of human development that benefits the welfare of the people. An incredible amount of research and preparation went into this book. The findings show that the fight against poverty in post-conflict Angola requires tackling the political problem of the dominant ruling party as well as undemocratic state leadership that would inspire true democracy. What is at stake in Angola is also at stake elsewhere in Africa. Francisco Ngongo is an Angolan who has lived abroad in Africa and Europe, first as a refugee, and then as a student and on international staff.He hold a PhD from the peace studies department of the School of Social and International Studies, University of Bradford, UK. His work experience is in the field of peace building, development and policy influencing. His vision is to contribute to the building of institutions for sustainable development, peace and good governance in Africa. Publisher's Website: http: //sbpra.com/FranciscoNgong

Study of economic development, politics and steady state economy in Africa - discusses the disappointments of independence, democracy and the economic recession; explains the failure of capitalism and the post- colonialism economic implications; looks at political systems and the negative impact of personal rule (political leadership) in institutional framework, the economy (incl. Black market) and defence dependence; presents prospects and recommendations. Bibliography, map, statistical tables.

Political leadership can be a crucial ingredient for the development of sub-Saharan Africa. The region has been going through important transformations, with both political landscapes and economic trajectories becoming increasingly diverse. The changes underway include the role of leadership and its broader impact. This volume argues that, on the whole, African leaders and the way they reach power generally do contribute to shaping their countries’ progresses and achievements. It also zooms in on some influential African leaders who recently emerged in key states across the continent, illustrating and explaining the individual paths that brought them to power while reflecting on the prospects for their governments’ actions. Far from the simplistic stereotypes of immovable, ineffective and greedy rulers, the resulting picture reveals dynamic and rapidly evolving political scenarios with key implications for development in the region.

This is a comprehensive account of the profound changes in Angola's political economy.