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- Submitted by: biichoo
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- Category: Politics: Economics
- Date Submitted: 06/23/2016 05:43 PM
- Pages: 7
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Senegal
Senegal’s economic freedom score is 57.8, making its economy the 106th freest in the 2015 Index. Its score has increased by 2.4 points since last year, driven by improvements in half of the 10 economic freedoms, including freedom from corruption, business freedom, and fiscal freedom that outweighs declines in labour freedom and the management of government spending. Senegal is ranked 16th out of 46 countries in the Sub-Saharan Africa region, and its score is below the world average.
After four years of little progress, economic freedom in Senegal has advanced by 2.1 points since 2011, and the country has recorded the fourth highest score improvement of any country graded in the 2015 Index.
However, the Senegalese economy remains “mostly unfree.” Senegal’s economic freedom remains suppressed by weak rule of law and a poor regulatory environment. The judiciary lacks the resources to prevent corruption and move cases efficiently. Registering a business is expensive, and the rigid labour code confines many to informal employment.
BAB
Background
Former President Abdoulaye Wade amended Senegal’s constitution over a dozen times to augment executive power and weaken the opposition, but his run for a third term ended in his defeat by Macky Sall in March 2012. In September 2012, lawmakers voted to abolish the Senate and the vice presidency to save money for disaster management. Sall appointed Aminata Touré prime minister in 2013. After more than 30 years of conflict between the government and southern separatists, the rebel leader of the Movement of Democratic Forces of Casamance declared a unilateral cease-fire in May 2014. Economic reforms have proceeded slowly. Some 75 percent of the workforce is engaged in agriculture or fishing. High formal-sector unemployment is a major factor in high rates of emigration to Europe. Senegal remains heavily dependent on foreign aid and has suffered from the 2014 Ebola virus outbreak in West Africa.
Rule of law
Despite...
Senegal’s economic freedom score is 57.8, making its economy the 106th freest in the 2015 Index. Its score has increased by 2.4 points since last year, driven by improvements in half of the 10 economic freedoms, including freedom from corruption, business freedom, and fiscal freedom that outweighs declines in labour freedom and the management of government spending. Senegal is ranked 16th out of 46 countries in the Sub-Saharan Africa region, and its score is below the world average.
After four years of little progress, economic freedom in Senegal has advanced by 2.1 points since 2011, and the country has recorded the fourth highest score improvement of any country graded in the 2015 Index.
However, the Senegalese economy remains “mostly unfree.” Senegal’s economic freedom remains suppressed by weak rule of law and a poor regulatory environment. The judiciary lacks the resources to prevent corruption and move cases efficiently. Registering a business is expensive, and the rigid labour code confines many to informal employment.
BAB
Background
Former President Abdoulaye Wade amended Senegal’s constitution over a dozen times to augment executive power and weaken the opposition, but his run for a third term ended in his defeat by Macky Sall in March 2012. In September 2012, lawmakers voted to abolish the Senate and the vice presidency to save money for disaster management. Sall appointed Aminata Touré prime minister in 2013. After more than 30 years of conflict between the government and southern separatists, the rebel leader of the Movement of Democratic Forces of Casamance declared a unilateral cease-fire in May 2014. Economic reforms have proceeded slowly. Some 75 percent of the workforce is engaged in agriculture or fishing. High formal-sector unemployment is a major factor in high rates of emigration to Europe. Senegal remains heavily dependent on foreign aid and has suffered from the 2014 Ebola virus outbreak in West Africa.
Rule of law
Despite...