Zambia is a copper-rich African country that just three years ago was the darling of international investors seeking to expand their mineral portfolios. Mining investment - encouraged by privatization of the copper mines in the late 1990s - and the copper price boom that started in late 2008 served to support the sustained economic growth the country had achieved since implementing measures in 2004 to support greater fiscal discipline. Leading multinational mining companies, including Barrick Gold Corp., First Quantum Minerals Ltd. and Glencore PLC, have become major investors in Zambia's mining industry.
Zambia's fortunes have turned, putting it on the path to become the newest "resource curse" story as its economy suffers from the perils of over-dependence on a single commodity and a handful of multinational mining companies. The copper boom is over (at least for now), Glencore has fallen into a cost-cutting crisis, Zambian mines are being shuttered, and the country's currency was the world's worst-performing currency last year. The economic strength of the country's mining industry has also been exacerbated by the Zambian government’s efforts to increase mining royalties, which led to threats of closure and postponed investment by several major mining companies.
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This page is a collection of all key economic indicators compiled from datasets across different international organizations will be useful for monitoring progress of any country.
In a perfect world, where access to technology and the wealth are equally distributed, the GDP of each country would be proportional to its population. In the real world that relationship exists on average (see the dot charts below) but with significant deviations from the trend on a GDP per capita basis. Many developed countries, being relatively less populous than their developing counterparts, have high levels of GDP, while the GDPs of less-developed countries, especially in Africa, are disproportionally low.According to the UN DESA baseline scenario, by 2100 Africa will become the world's most populous regions, accounting for 40...