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Monte D Ivoire Research Paper

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Côte d’Ivoire is a nation on the Gulf of Guinea in South West Africa. The country is a former French colony Côte d’Ivoire is better known as the Ivory Coast. This name comes from the valuable elephant tusks that are poached in the region. Initially united and economically profitable after independence in 1960, the nation has since been divided by civil war and political violence (Ruth Hendry). The country has over 60 indigenous ethnic groups each, with their own traditions. Each of them has distinct music, art, languages, and festivals. Côte d’Ivoire has a population of approximately 20.3 million. Côte d’Ivoire is approximately 124,500 square miles (322,460 square kilometers). The country’s three largest populations are Abidjan (2.6 …show more content…

Dominated by agriculture grown for export markets since colonial times, the economy of this West African nation is beginning to diversify (Michael Radu). According to statistics provided by the International Monetary Fund, in 2006 revenues from oil and refined products surpassed earnings from the nation’s biggest cash crop, cocoa (African Studies Center). The government in 2011, predicted that the nation’s biggest source of wealth would be petroleum resources. Currently more than 30 international mining companies are mining and exploring reserves of gold. Political stability will determine is multinational energy and mining companies can assist with bringing gold, natural gas, diamonds, nickel, oil, and other natural resources. Foreign investments have slowed down due to political instability, which contributed to the country’s initial financial success. Economic growth has come to a standstill. Although the GDP growth rate improved from about 2% in 2008 to 4% in 2009–2011, per capita income has continuously dropped since 1999, with a slight improvement in 2009–2010 (Central Intelligence

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