Angola’s Macroeconomy and Agricultural Growth

Abstract

This paper discusses the effects of Angola’s mineral wealth on the process of agricultural development. Though Angola has a rich agricultural resource base its history of civil war and extreme real exchange rate distortions has resulted in agricultural stagnation through many parts of the country. Though the security situation is now much improved, current high oil prices along with oil output increases mean that pressures on the real exchange rate will remain a fact of life for the foreseeable future.Financial Economics, Resource /Energy Economics and Policy,