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The economy and politics in Madagascar

The economy and politics of a country are important factors in keeping it alive. Madagascar was a French colony for many years and has only been independent for a comparatively short period of time, unfortunately France still interferes in Malagasy politics more than 50 years after the country's independence. The following sections will provide a brief overview of the current political and economic situation of Madagascar be given. Of course, only the most important key data and information are presented here. A more comprehensive overview, especially with regard to the political developments in Madagascar, can be found in the section on the History of the country extract. The Tourism as an important industry in the country is also discussed in a separate item on this page.

The current political situation

Especially the political upheavals in 2009 have damaged Madagascar's reputation in many ways. This year saw the fall of the then Mayor of AntananarivoAndry Rajoelina, together with the Malagasy military, formed the government that had been in power until then. The democratically oriented However, the transitional government was not recognized everywhere, which led to various Unrest and international diplomatic sanctions led. In the meantime, this crisis is considered to be over, also thanks to the help of the SADC. Elections monitored by the international community were held in October 2013. The finance minister from the previous transitional government, Hery Rajaonarimampianina, became the new president selected.

Since January 8,2019 Andry Nirina Rajoelina been recognized as president of the state.

In Madagascar there is a so-called Two-chamber system, which is derived from the National Assembly with 160 elected members and the Senate is composed of. The latter represents the country's six provinces. In the provinces themselves, there are additional Provincial Parliamentswho are directly elected by the Malagasy. The heads of the provincial governments, on the other hand, are appointed by the president.

In Madagascar, much emphasis is placed on the fact that the political structures can now be described as democratic again. In fact, the local democratic structures but have little in common with those we are familiar with from Germany. Corruption is still a big and serious issue in Madagascar. The Madagascans also have to accept various cutbacks in freedom of expression time and again. For the people of Madagascar, it would be desirable if the new government would finally manage to Stability and good crisis management to be set in motion. Nature conservation, education, health and also nutrition are important factors that should be tackled as quickly as possible by the current government. In this way, Madagascar's reputation in the rest of the world will eventually rise again, which will ultimately benefit the poor population in particular. How exactly the political conditions However, it is, of course, not possible at this point to predict how the market will develop in the future.

The current economic situation

Madagascar is still considered one of the poorest countries in the world today. With a Gross domestic product of about $21 billion in 2012. Madagascar presents itself as a typical Developing country. In 2003, nearly fifty percent of Madagascans had resources of less than a dollar a day to spend on food or consumer goods. In this sense, it is not surprising that the Agriculture particularly important for many people to be able to ensure a continuous supply of food. Many Malagasy operate smaller fields or keep livestock. This in turn brings catastrophic Consequences for the Environment Madagascar The rainforests are being cleared in a completely uncontrolled manner to make way for the fields. Especially in the course of the transitional government, many forest stands have been mercilessly destroyed.

Madagascar is not an industrialized nationbut first and foremost rural. This also explains the fact that the Import of many different products plays an important role. Food, consumer goods and earth products have to be imported to Madagascar. This effort is associated with high costs. Many Madagascans cannot afford the expensive products and stick to the products they have earned with agriculture. This ultimately results in a kind of spiral of action that has a negative impact on the economy.

Also particularly important for Madagascar is the Export. Agriculturally produced goods from Madagascar are in great demand in other countries. However, since Madagascar has always been relatively Offer small stocks can, the country usually plays only a minor role on the world market. Vanilla, cloves, lychees, cocoa, fish and coffee as well as various cosmetic products are very important in connection with export. Also lychees, sisal and tea make up a significant part of the export goods. This is how most of the money is flushed into Madagascar's coffers, even if hectares of rainforest destroyed for the plantations will. In recent years, there has also been an increase in Raw materials and mining products exported from Madagascar: Graphite, titanium, chrome ore and titanium as well as (semi-)precious stones have become extremely important in this context. The disadvantage especially with the mining products is the fact that here a lot of Illegally mined and then exported. Thus, the revenue that Madagascar officially receives from this industry is very small. In most cases, corrupt officials and politicians are involved in such illegal activities. New investments can probably ensure that Madagascar will have more economic revenues to report in the mining sector in the future. The Ambatovy nickel-cobalt mine near Moramanga was supported by a gigantic investment volume and is expected to create around 8,000 secure jobs. On the other hand, a large part of the rainforest had to be removed again in this context.

The Tourism is also of particular importance to Madagascar's economy, but has not yet reached the proportions that many Malagasy would like to see. If continuous flow of tourists would travel to Madagascar, this sector could be important jobs created and secure revenues would be booked. The money generated in this way could be invested in important Areas such as health, education and nutrition as well as in nature conservation. However, the political instabilities of recent years have not necessarily contributed to a stabilization of the tourism industry. After the free democratic elections in 2014, however, the signs seem to be finally pointing to success again. We would also like to support the Economy of Madagascar with our Travel support and at the same time give you an unforgettable Vacation offer. Come for your Honeymoon to Madagascar or experience a Adventure vacationthat you will remember for a long time. With our individual travel packages we are already waiting for you. Just contact us.

Economy & Politics

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