In the last decade, Cabo Verde’s largely tourism-driven economic growth has resulted in significant progress on meeting the basic needs of the population, and it is now one of the few African countries expected to realize most, if not all, of the Millennium Development Goals by 2015. However, despite some promising achievements, poverty reduction continues at a slow rate and unemployment has...
Land management is the spatial dimension of the process to manage a country’s transformation. Here we refer to measures aimed at creating and controlling space organization; that is, “the creation and control of spatial forms, their functions and spatial distribution, as well as certain processes, such as spatial concentration and dispersion, which shape space organization in its origins and...
Cabo Verde’s ability to compete successfully in the global market and implement an economic transformation agenda depends on efficient, adequate and quality infrastructure. High GDP level is usually associated with good quality and availability of infrastructure. Therefore, the Transformation Agenda adopted in 2003 identified infrastructure investment as a priority. The Government expanded and...
Cabo Verde is transitioning from an economy based on investment in production factors to an economy based on efficiency, innovation and high productivity, which requires producing more with fewer resources. This transition is happening at a time when the country is facing challenges resulting from changes that are occurring in the world, as well as those resulting from the development dynamics...
Innovation and creativity matters! The reality of the so-called “knowledge economy”, is that innovation and creativity are fast becoming the “only” competitive advantage of nations. Innovation and creativity directly impacts the capacity to export. In fact, the countries that have experienced the most rapid growth are the ones that have gradually shifted their export structures over time from low...
Cabo Verde needs an educational system that is capable of producing creative and innovative entrepreneurs, in addition to engineers, scientists, technologists, planners, contract negotiation specialists, professionals with university degrees, and managers who express themselves fluently in English and who can be leaders in implementing the transformation agenda. Such a system of education should...
High electricity and water costs are determinants of the Cabo Verdean economy’s poor competitiveness. Besides the inefficient electricity sector, the cost of these two production factors is mainly due to the high cost of fossil fuel imports, which is aggravated by the market’s smallness and fragmentation. Joint import by the two operators working in the fuel industry did not change this situation...
Cabo Verde has been making significant progress with regard to the transformation agenda. The Country is becoming a modern society with a strong physical and social infrastructure. Democracy continues to be strengthened. Freedoms are increasingly consolidated, as is the Rule of Law.
The aero business cluster has critical roles to play in the agenda for transformation. It has a facilitating role to ensure the diversification of the economy and realization of the agenda for transformation. It will not be possible to build a tourism sector that is globally competitive without a good air transport sector, with reliable and quality services. At the same time, the geo strategic...
The country’s assumption as an international platform for Service delivery, anchored in its culture and in the growth and consolidation of a knowledge economy, through intensive use of technological resources as well as a commitment to innovation and programmed human resource training, requires a more effective stimulation of key economic sectors.
