Is Ivory Coast on the Road to Being a Developed Country?

Is Ivory Coast on the Road to Being a Developed Country?

By Andy Kemmer

After experiencing political upheaval and civil war, Ivory Coast’s economy has been rapidly developing since 2010. It is now West Africa’s second-largest economy and Africa’s fastest growing economy. Among the turmoil and the upheaval cocoa production has remained the biggest driver in Ivory Coast’s economy. As the country continues to develop and cocoa prices drop, the country is finding ways to encourage chocolate production and local chocolate businesses. Given the money in chocolate is greater than that in cocoa, chocolate production could push Ivory Coast over the top to becoming a developed country.

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