
Angola - A Paradigm Shift Until 2050
(Pages 45-52)Ana Lúcia Luís1,* and Claudio Sumbo2
1ISG – Business & Economics School and CIGEST, Lisbon, Portugal, ISEG- Lisbon School of Economics and Management, and CESA, Lisbon, Portugal
2ISG – Business & Economics School, Lisbon, Portugal
DOI: https://doi.org/10.55365/1923.x2025.23.05
Abstract:
In May 2023, the Angolan government presented a long-term strategic plan in a comprehensive document - Angola 2050 - which projects the country's development for the coming decades, reaffirming the need to diversify the economy and the political will to extend economic growth beyond oil. Despite the criticisms that can be made to the agenda, it has the merit of acknowledging that a paradigm shift is needed. This article presents and summarises the Angola 2050 strategic plan, in which the government defines its vision for the coming decades. It is intended to be a work of reflection and discussion about the current situation and the future of the Angolan economy. It is hoped that it can contribute positively to the analysis of the Angolan economy. This strategic plan acknowledges and boldly identifies the weaknesses of the development model followed so far, as laid out in the previous strategic plan, Angola 2025, which hasn't had the desired outcome.
Keywords:
Angola, development, economic growth, strategic plan.
How to Cite:
Ana Lúcia Luís and Claudio Sumbo. Angola - A Paradigm Shift Until 2050. [ref]: vol.23.2025. available at: https://refpress.org/ref-vol23-a5/
Licensee REF Press This is an open access article licensed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, provided the work is properly cited.