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Seychelles and South Africa : 

Seychelles and South Africa David Hampton Helen Huo Matt Ritchey

Seychelles : 

Seychelles Location: archipelago in the Indian Ocean 115 Islands Area : 455 Sq Km Population: 81, 541

Seychelles, Brief History : 

Seychelles, Brief History Originally colonized by the French, but ceded to the British in 1814. The island was settled by Europeans and their African slaves. Widespread intermarriage has resulted in a present day homogonous population of mixed decent. Remained a small agriculture colony until the 1970s when an airport was built. This marked the end of isolation and beginning of foreign investment, a rapidly growing tourism industry, and domestic manufacturing.

Seychelles, Brief History Continued : 

Seychelles, Brief History Continued In 1976, the British granted independence to Seychelles. In 1977 the political leader Rene came to power through a coup, assuming the head of a one- party socialist state. The new government initiated several socialist reforms including free health care and education . In 1987, Seychelles opened it’s first tuna canning plant that was 30% French investment and 70% Seychelles This reduced the trade deficit, however, due to the fact that Seychelles have no metal resources, they had to import all the cans for the tuna.

Seychelles, Brief History Continued : 

Seychelles, Brief History Continued Due to foreign pressures, the socialist regime slowly eroded in the early 1990s, giving way to democratic, multi-party government which has favored privatization and encouraged market- based economic strategies

Seychelles, GDP composition : 

Seychelles, GDP composition GDP ( official exchange rate) : $722 Million Composition Agriculture- 3.2% Industry- 30.4% Services- 66.4%

Seychelles, main exports : 

Seychelles, main exports Exports: $312.1 Million Canned tuna, frozen fish, cinnamon bark,, copra, petroleum products Main export partners: UK- 27.7% France- 15.8% Spain- 12.6% Japan- 8.6% Italy 7.5% Germany 5.6%

Seychelles,main imports : 

Seychelles,main imports Imports: $459.9 million Main imports: machinery and equipment, foodstuffs, petroleum products, chemicals Main import partners: Saudi Arabia- 15.5% Spain- 13.3% France- 10.3% Singapore- 7% South Africa- 6.8% Italy- 6.7% UK- 4.7%

Seychelles, Social Conditions Factor into Growth : 

Seychelles, Social Conditions Factor into Growth Seychelles has experienced rapid growth over the past 30 years. The relatively stable social conditions have contributed to sustained growth. The population is small, ethnically homogenous, and not prone to conflict. Free government health care and strong primary education enrollment have facilitated growth.

South Africa : 

South Africa Location: Southern Africa, at the southern tip of the continent of Africa Area: 1,219,912 Sq Km Population:44,187,637

South Africa, Brief History : 

South Africa, Brief History Originally settled by the Dutch, and later became a British colony. The whites, however, never intermarried or integrated with native blacks In the late 1880s , the British discover an abundant supply of gold and diamonds. The demand for cheap labor to work in the mines, leads to British military conquest of large tribes such as the Zulu. Tribal lands are confiscated by rich whites and blacks are forced to work in mines or industrial farms. Mining proved to be extremely lucrative.

South Africa, Brief History continued : 

South Africa, Brief History continued The Union of South Africa was formed in 1910, and throughout the early twentieth century the government was dominated by whites who endorsed capitalist elites, maintaining policy which suppressed black labor opposition and denied blacks fundamental rights In 1948, the government enacted Apartheid legislation, which promulgated segregation and unfair treatment of blacks.

South Africa, Brief History Continued : 

South Africa, Brief History Continued In the 70s and 80s foreign disapproval of Apartheid led to decreased investment and heavy trade sanctions. The economy recessed as the costs of maintaining Apartheid grew higher, and black opposition grew stronger. In the early 1990s, Apartheid came to an end and Mandela became president. Sweeping social reforms were made, including new efforts to help disenfranchised blacks. Foreign investment has slowly returned, and the economy has revived since.

South Africa, GDP composition : 

South Africa, GDP composition GDP (official exchange rate): $186.8 Billion Composition: Agriculture: 3.4% Industry: 41.6% Services: 65.1%

South Africa,main exports: 

South Africa,main exports Exports: $50.91 billion Gold, diamonds, platinum, other metals and minerals, machinery and equipment Main Export partners: U.S. 10.2% U.K- 9.2% Japan- 9% Germany- 7.1% Netherlands 4%

South Africa, main imports : 

South Africa, main imports Imports: $52.97 billion dollars Machinery and equipment, chemicals, petroleum products, scientific instruments, food stuffs Main import partners Germany- 14.2% U.S.- 8.5% China- 7.5% Japan- 6.9% U.K.- 6.9% France- 6% Saudi Arabia- 5.6% Iran- 5%

South Africa, Social Conditions Factor into Growth : 

South Africa, Social Conditions Factor into Growth South Africa experienced a decline in growth starting in the 1980s. The racist policies of the Apartheid era made South Africa an international embarrassment. As a result, foreign investment decreased, sanctions were placed on trade, and civil unrest within the country grew.

South Africa, Social Conditions Factor into Growth, continued : 

South Africa, Social Conditions Factor into Growth, continued Despite the country’s abundant resources, Apartheid proved to be economically unsustainable and the decades of segregation proved detrimental. There is still, however, a large disparity in wealth, education, health, and resources between the white and black populations. Since Apartheid has ended, the old racist institutions have been abandoned and the economy has slowly picked up as foreign investment as returned.

South Africa Vs. Seychelles Stats : 

South Africa Vs. Seychelles Stats South Africa Life Expectancy: 47.7 Mortality rate under 5 (per 1000): 68 Percentage of population infected with HIV: 18.8% Literacy: 82.4% People reaching grade 5: 64.5% Seychelles Life Expectancy: 72.3 Mortality rate under 5 (per 1000): 13 Percentage of population infected with HIV: NA Literacy: 91.8% People reaching grade 5: 99.9%

South Africa Vs. Seychelles, Comparing Government Involvement : 

South Africa Vs. Seychelles, Comparing Government Involvement South Africa “Free- enterprise” in- spin- only, 40% of the private sector was owned by the government Until 1994, little worry was given to “social capital” Get Mandela to lift sanctions against ZAF by other African countries Seychelles Despite having a socialist regime under the rule of a tyrant, they had a good tyrant The government maintained international relations, foreign relations operated towards the goal of “positive non- alignment” Self branding, money come from Seychelles international recognition

South Africa Vs. Seychelles, Economic Policy Trends : 

South Africa Vs. Seychelles, Economic Policy Trends South Africa Invest in what works Manufacturing, energy, and mining Workers rights and unionization(recent) Bring in aid and foreign investment. Seychelles Improve the productivity of agriculture and fishing Increase tourism Chorus of “foreign investment is good” Government buy outs

South Africa Vs. Seychelles, Agriculture and Land Tenure : 

South Africa Vs. Seychelles, Agriculture and Land Tenure

Works Cited: 

Works Cited “South Africa: A Country Study” Library of Congress Online. Ed. Rita M. Byrnes. May 1996. 12 May 2007. <http://lcweb2.loc.gov/frd/cs/zatoc.html> “Indian Ocean - Seychelles: Country Studies” Library of Congress Online. Ed. Helen Chapin. August 1994. 12 May 2007. <http://lcweb2.loc.gov/frd/cs/sctoc.html> “South Africa” Encyclopedia Britannica Online. 2007. Encyclopedia Britannica. 18 May 2007. < http://www.britannica.com/eb/article-9109715/South-Africa>

Works Cited: 

Works Cited Aguero ,Jorge . 05/21/2007<faculty.ucr.edu/~jorgea/econ184/>. Buturac , Goran. "Comparison of the Structure and Development of International Trade Within The Framework of EU Enlargement ." 05/21/2007 <http://www.eizg.hr/AdminLite/FCKeditor/UserFiles/File/12%20Comparison%20of%20the%20Structure%20and%20Development%20of%20International%20Trade%20Within%20the%20Framework%20of%20EU%20Enlarge.pdf>.  CIA. 05/21/2007 <www.cia.gov/cia/publications/fact>.  CIA, "Seychelles ." World Factbook . 2006 ed.  CIA, “South Africa, “ World Factbook, 2006 ed,

Work Cited, Continued : 

Work Cited, Continued “Indian Ocean - Seychelles: Country Studies” Library of Congress Online. Ed. Helen Chapin. August 1994. 12 May 2007. http://lcweb2.loc.gov/frd/cs/sctoc.html International Trade Centre . 05/21/2007 <http://www.intracen.org/>.  Library of Congress . 05/21/2007 http://lcweb2.loc.gov/frd/cs/sctoc.html Library of Congress. 05/21/2007 http://lcweb2.loc.gov/frd/cs/zatoc.html Map of South Africa ." Online Image. Lonely Planet . No date. 05/21/2007 <http://www.lonelyplanet.com/mapshells/africa/south_africa/south_africa.htm>.  “Seychelles” Encyclopedia Britannica Online. 2007. Encyclopedia Britannica. 18 May 2007. < http://www.britannica.com/eb/article-9067004/Seychelles> “Seychelles Country Profile” World Bank Online: World Development Indicators. 2007. 18 May 2007 http://devdata.worldbank.org/external/CPProfile.asp?CCODE=SYC&PTYPE=CP

Work Cited, Continued : 

Work Cited, Continued "Seychelles Map ." Online Image. The Republic of Seychelles . No date. 05/21/2007 <http://www.mfa.gov.sc/images/seychelles_map.gif>.  “South Africa: A Country Study” Library of Congress Online. Ed. Rita M. Byrnes. May 1996. 12 May 2007. http://lcweb2.loc.gov/frd/cs/zatoc.html “South Africa Country Profile” World Bank Online: World Development Indicators. 2007. 18 May 2007 http://devdata.worldbank.org/external/CPProfile.asp?SelectedCountry=ZAF&CCODE=ZAF&CNAME=South%2BAfrica&PTYPE=CP US State Department . 05/21/2007 <www.state.gov/r/pa/ei/bgn/6268.html/28>.  World Bank. 05/21/2007 <www.doingbusiness.org >.  World Bank . 05/21/2007 <econ.worldbank.org>. 

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