A detailed analysis of the economic situation in Eritrea, highlighting the country's desperate attempts to control limited resources and its low levels of human development. The chapter examines Eritrea's GDP, stability, negative growth, and industry, giving the country a very low score of 1 out of 10 for its dire economic situation.
We've talked about some incredibly poor countries on this channel before, but perhaps nothing as bad as the small East African country of Eritrea. This country is a complete military dictatorship, and has been called the North Korea of Africa. There are no free markets. No trading partners. Their debt to GDP ratio runs very high for one reason only: their country is in a critical region of the world for international shipping. But life really couldn't be much worse in Eritrea.
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