The economic condition of Africa
Summary :
Table of Contents
- Introduction
- Political unrest and the finding of oil
- Riggs Bank and Equatorial Guinea
- Investing in a foreign country
- The issue of bribery
- The country of EG
- The conditions of citizens of EG
- The role of the U.S. companies
- Conclusion
Abstract
africa, from what I've learned, seems to be a place of change, some for the better and some for the worse. With this change comes a lot of political turmoil and with that turmoil and the promise of riches at the expense of their country comes corruption. One country with which I've had a lot of interest in since reading about it last semester is Equatorial Guinea.
EG is one of the smallest countries in mainland africa. It is run by President Teodoro Obiang Nguema Mbasago and the 1982 constitution (that was made while he was in power) gives him extensive powers, thereby making him unchallengeable in his rule of the country. He has the power of naming and dismissing members of the cabinet (just like the Leader instills fear in his government officials who continually try to please him by one upping each other), making laws by decree (as the Leader, whatever he says goes), dissolving the Chamber of Representatives (I'm sure if they threaten him too much), negotiating and ratifying treaties and calling legislative elections.
EG is one of the smallest countries in mainland africa. It is run by President Teodoro Obiang Nguema Mbasago and the 1982 constitution (that was made while he was in power) gives him extensive powers, thereby making him unchallengeable in his rule of the country. He has the power of naming and dismissing members of the cabinet (just like the Leader instills fear in his government officials who continually try to please him by one upping each other), making laws by decree (as the Leader, whatever he says goes), dissolving the Chamber of Representatives (I'm sure if they threaten him too much), negotiating and ratifying treaties and calling legislative elections.
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