| dbo:abstract
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- Since achieving independence from France in 1960, Ivory Coast's primary economic objective has been growth. During the 1960s, growth was accomplished by expanding and diversifying agricultural production, improving infrastructure, and developing import substitution industries. Implicit in this strategy was the emergence of an expanding domestic market to support budding consumer goods industries. Income redistribution and Ivorianization (replacement of expatriates with Ivorian workers) were made subordinate to growth. Although these goals were politically desirable, redistribution and Ivorianization would be impossible without growth, according to policymakers. Using revenues generated from agricultural exports, the government financed improvements to infrastructure—roads, ports, railroads, power generation, and schools. To finance increased agricultural production and industrial development, the government turned to foreign investment and imported technology. Much of the manual labor was supplied by non-Ivorian Africans. By 1970, the government's strategy for economic growth and development appeared remarkably successful. Agricultural output of cash crops expanded, and, as evidence of diversification, the relative importance of unprocessed coffee, cocoa, and timber diminished as that of bananas, cotton, rubber, palm oil, and sugar grew. Using revenue from commodity sales, the government upgraded roads, improved communications, and raised the educational level of the workforce. Local factories were replacing some imports by producing a wide variety of light consumer goods. Between 1965 and 1975, surpluses from exports speeded growth in the secondary (industrial) and tertiary (services, administration, and defense) sectors. Gross domestic product (GDP) grew at an average annual rate of 7.9 percent in real terms, well ahead of the average annual population growth rate of approximately 4 percent. (en)
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| rdfs:comment
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- Since achieving independence from France in 1960, Ivory Coast's primary economic objective has been growth. During the 1960s, growth was accomplished by expanding and diversifying agricultural production, improving infrastructure, and developing import substitution industries. Implicit in this strategy was the emergence of an expanding domestic market to support budding consumer goods industries. Income redistribution and Ivorianization (replacement of expatriates with Ivorian workers) were made subordinate to growth. Although these goals were politically desirable, redistribution and Ivorianization would be impossible without growth, according to policymakers. Using revenues generated from agricultural exports, the government financed improvements to infrastructure—roads, ports, railroads (en)
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