About: Economic history of Ivory Coast

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Since achieving independence from France in 1960, Ivory Coast's primary economic objective has been growth. During the 1960s, growth was accomplished by expanding and diversifying agricultural production, improving infrastructure, and developing import substitution industries. Implicit in this strategy was the emergence of an expanding domestic market to support budding consumer goods industries. Income redistribution and Ivorianization (replacement of expatriates with Ivorian workers) were made subordinate to growth. Although these goals were politically desirable, redistribution and Ivorianization would be impossible without growth, according to policymakers. Using revenues generated from agricultural exports, the government financed improvements to infrastructure—roads, ports, railroads

Attributes	Values
rdfs:label	Economic history of Ivory Coast (en)
rdfs:comment	Since achieving independence from France in 1960, Ivory Coast's primary economic objective has been growth. During the 1960s, growth was accomplished by expanding and diversifying agricultural production, improving infrastructure, and developing import substitution industries. Implicit in this strategy was the emergence of an expanding domestic market to support budding consumer goods industries. Income redistribution and Ivorianization (replacement of expatriates with Ivorian workers) were made subordinate to growth. Although these goals were politically desirable, redistribution and Ivorianization would be impossible without growth, according to policymakers. Using revenues generated from agricultural exports, the government financed improvements to infrastructure—roads, ports, railroads (en)
dcterms:subject	Economic history of Ivory Coast
Wikipage page ID	68716393 (xsd:integer)
Wikipage revision ID	1066187468 (xsd:integer)
Link from a Wikipage to another Wikipage	Cash crops Rubber Trade surplus 2010–2011 Ivorian crisis Demographics of Ivory Coast United States dollar Value-added tax Devaluation Domestic market Inflation Infrastructure Interest rate Intermediate good Paris Club Saturated fat Cocoa production in Ivory Coast Coconut oil Coffee Félix Houphouët-Boigny Government budget deficit Library of Congress Lumber Sugar Commodity Federal Research Division Pineapple Tariff 1999 Ivorian coup d'état Banana Buyo Dam Agricultural diversification Agriculture in Ivory Coast Drought London Club Current account (balance of payments) France Balance of payments Palm oil Capital (economics) Capital flight Food processing Foreign direct investment Resource consumption Redistribution of income and wealth Revenue History of Ivory Coast (1960–99) International Monetary Fund Cotton Tertiary sector of the economy Latin America Cocoa bean Economic history of Ivory Coast Economic indicator Economies of scale CFA franc Final good Gross domestic product Parastatal Import Natural rubber Secondary sector of the economy World Bank Export External debt Import substitution industrialization Subsidy dbr:Wikt:Decapitalization
Link from a Wikipage to an external page	https://www.loc.gov/item/90005878/%7Cdate=1988%7Ceditor-last=Handloff%7Ceditor-first=Robert
sameAs	Economic history of Ivory Coast Economic history of Ivory Coast
dbp:wikiPageUsesTemplate	dbt:Africa_topic dbt:Cite_encyclopedia dbt:Fact dbt:PD-notice dbt:Refimprove dbt:Short_description dbt:ILL dbt:No_intro
has abstract	Since achieving independence from France in 1960, Ivory Coast's primary economic objective has been growth. During the 1960s, growth was accomplished by expanding and diversifying agricultural production, improving infrastructure, and developing import substitution industries. Implicit in this strategy was the emergence of an expanding domestic market to support budding consumer goods industries. Income redistribution and Ivorianization (replacement of expatriates with Ivorian workers) were made subordinate to growth. Although these goals were politically desirable, redistribution and Ivorianization would be impossible without growth, according to policymakers. Using revenues generated from agricultural exports, the government financed improvements to infrastructure—roads, ports, railroads, power generation, and schools. To finance increased agricultural production and industrial development, the government turned to foreign investment and imported technology. Much of the manual labor was supplied by non-Ivorian Africans. By 1970, the government's strategy for economic growth and development appeared remarkably successful. Agricultural output of cash crops expanded, and, as evidence of diversification, the relative importance of unprocessed coffee, cocoa, and timber diminished as that of bananas, cotton, rubber, palm oil, and sugar grew. Using revenue from commodity sales, the government upgraded roads, improved communications, and raised the educational level of the workforce. Local factories were replacing some imports by producing a wide variety of light consumer goods. Between 1965 and 1975, surpluses from exports speeded growth in the secondary (industrial) and tertiary (services, administration, and defense) sectors. Gross domestic product (GDP) grew at an average annual rate of 7.9 percent in real terms, well ahead of the average annual population growth rate of approximately 4 percent. (en)
prov:wasDerivedFrom	wikipedia-en:Economic_history_of_Ivory_Coast?oldid=1066187468&ns=0
page length (characters) of wiki page	18790 (xsd:nonNegativeInteger)
foaf:isPrimaryTopicOf	wikipedia-en:Economic_history_of_Ivory_Coast
is Link from a Wikipage to another Wikipage of	Outline of Ivory Coast
is foaf:primaryTopic of	wikipedia-en:Economic_history_of_Ivory_Coast

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