A recent African Development Bank report highlighted that Côte d'Ivoire remains heavily reliant on cocoa, which accounts for over 40% of its national export earnings. Despite experiencing strong GDP growth rates in recent years due to agricultural expansion and infrastructure investments, the economy remains highly vulnerable to climate-related supply shocks and sudden shifts in global commodity prices. This persistent dependency on primary agricultural products continues to pose significant structural challenges that hinder long-term, balanced economic development.
Explain the main barriers that primary-product dependent developing economies, such as Côte d'Ivoire, face when attempting to achieve stable, long-term economic growth.
310 exam-style questions on AQA A Level Economics 2.6 The international economy (A-level only), covering 2.6.1 Globalisation, 2.6.2 Trade, 2.6.3 The balance of payments, 2.6.4 Exchange rate systems, and 2.6.5 Economic growth and development. Each one has a worked solution and a mark scheme showing where the marks go.