Type | Journal Article - Business Review (GBR) |
Title | Socio-economic challenges and financial crisis: sustainability in swaziland |
Author(s) | |
Publication (Day/Month/Year) | 2013 |
Page numbers | 1 |
URL | http://gkv.ac.in/fwd/GBR09.pdf#page=4 |
Abstract | The social development in Swaziland has been affected seriously due to financial challenges facing the country and its political infancy. Swaziland has a budget deficit of 14.3% of GDP and heavily relies on South African Customs Union revenue. Further, Swaziland found it difficult to attract Foreign Direct Investment in recent years. This study explores the social and economic challenges in Swaziland and contributes to the debate on a sustainable socioeconomic environment. The study indicates that, in order to alleviate the socio-economic problems, the country needs to improve its agro-based economic sector since agriculture is the key driver of socioeconomic development in many countries. 60% of Africa's arable land is still untapped that will be improved very soon because of global food demand, and Africa's GDP including Swaziland will look much better. |
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