It would be a formidable task for any domain to build upon an economy which has recently suffered a civil warfare that lasted nearly a decade involving some of the worst viciousness ever seen. This is the task which now faces the country of Sierra Leone. aft(prenominal) ending the conflict in 2002, Sierra Leone has awoken to the new conception where globalisation has a firm hold on how the field operates. The countrys economy has already been affected in irrefutable and forbid ways overdue to the impacts of globalisation. It has now devised strategies accordingly to promote economical developing and development.
Globalisation is essentially the world operating as a global market. This is done through the integration of countries and economies all oer the world so it may interact as one. As a result, particular economies are able to affect others on an international scale. There are many implications that globalisation croupe have as each country is different.
Sierra Leone has experienced a significant growth within its economy due to globalisation conveyed in its economic indicators.
Gross Domestic Product (GDP): PPP:
GDP: PPP:
GDP growth rate:
GDP growth rate:
)
After several years of functioning with the assistance of the population Trade Organisation (WTO), Sierra Leon has appeared to have experienced collateral benefits from globalisation. After only four years, it has come close to two-bagger its GDP PPP. This has been made possible due to the increase of pecuniary markets. This allows efficient transferring and investing of income into the country from foreign direct investments due to globalisation.
Through this particular perspective it is clear that globalisation has had a positive impact on its economy.
The civil war disrupted the countrys vital mining...
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