Free Zones in Countries Very Dependent on the Export of Raw Materials

Luzolo Domingos Sanches-Antonio

Natural resources, Theories of regional growth. Special Economic Zone Luanda-Bengo.

The aim was to answer questions about the conditions for a free zone to be important for a country like Angola, which depends heavily on exploring natural resources, to attract financial resources for its economy. Thus, we reviewed the literature on the role of free zones in the process of regional economic growth and on free zones in countries highly dependent on exporting raw materials. As a result of the review carried out, it was possible to verify that the relationship between the possession of natural resources by parts of developing countries and the levels of economic development, that they present, is not always positive, that is, countries with abundant natural resources tend to to be more prone to wars, and institutional weakness. The approach to the Angolan case allowed, essentially, theconclusion that the Angolan economy is heavily dependent on the exploration of mineral resources, namely oil, and diamonds, and, therefore, very dependent on the price of these commodities on the international market, a free zone can represent for the economy national opportunity for necessary industrialization beyond oil.

https://doi.org/10.31871/WJRR.18.5.11