Senegal A viable nation General information Population: 13,711,597 Location: Africa's western coast Democratic government Has been Senegal since 1989 Natural resources: fish, iron ore, phosphates Current Issues Age distribution Unemployment Income Distribution Poor life expectancy High dependancy ratio High poverty levels Major issues 42.2% under 14 48% GINI 41.3 59 yrs. 0.8248 Unemployment Income distribution Banks overlook poor Good infrastructure Stable democracy Stable banks Large tertiary sector Positive Aspects Poverty traps Conflict Trap Natural Resource Trap Geographic Trap Education/Governance Trap Conflict Trap Geographic Trap Education/Governance Trap Natural Resource Trap No political violence Minor insurgency in the south Not land-locked Accessible flat land Fish Phosphate Iron Ore Agriculture Services No over-dependance Most stable democracy in Africa 39.3% literacy Proposal Micro-lending Hand out sufficient funds for Senegalese entrepreneurs to start a business Funds will be handled by an NGO The funds will be funneled into the inland of Senegal, away from the coast People involved Area | Population Richard-Toll | 60.531 Linguere | 12.607 Matam | 15.306 Bignona | 26.707 Tambacounda | 75.245 Kedougou | 18.483 Kolda | 58.362 Total | 267.241 267.241 Population of cities 58.8% 154.465 74.134 48% Entrepreneurs Can start any business, as long as they have a plan Will receive advice from NGO officials Finances Avg. cost: $206.9 The results Set a stable consumer base in the inland Lower unemployment Spark coastal banks' interest Distribute wealth - without welfare Gain foreign investment in the long run Break the poverty cycle Bibliography http://www.africaneconomicoutlook.org/en/ https://www.cia.gov/library/publications/the-world-factbook/geos/sg.html http://welkerswikinomics.com/blog/2010/01/13/1457/ http://hdr.undp.org/en/statistics/ http://hdrstats.undp.org/en/countries/country_fact_sheets/cty_fs_SEN.html http://www.doingbusiness.org/ExploreEconomies/?economyid=164 3.7% growth 11.4% interest rates No external factors 42% population in urban areas GDP per capita: $1600 62.9% CFA franc Convertible Division of wealth(?) If there is economic potential; education will follow Inspired by high entrepreneurship within the country Muslim 94% Time: 8 days Loans: $250-350 Number of loans: 15000 People affected: 45000 Based on: The Marshall Plan WTO funding: $5.250.000 If successful; domestic banks will take over, due to the newfound potential 45000 out of 74.134 Low economic growth Low levels of investment Low incomes Low levels of savings Low levels of health & education Low levels of human capital Low productivity
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