Economy Of South Sudan
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Economy Of South Sudan
South Sudan became the world's newest country and Africa's 55th nation on 9th July , 2011. The conflict, which started in December 2013, undermined economic development achieved since independence, making humanitarian work difficult to conduct within the country. As such, South Sudan is facing economic stagnation and instability in its 10 years after independence. Moreover, poverty is widespread throughout the country as a result of inter-communal conflict, displacement, and external fear. The economy of South Sudan is $3.681 billion by gross domestic product as of 2019, being one of the most oil dependent economies in the world, with 98% of government's annual operating budget and 80% of its gross domestic product (GDP) derived from oil, despite being endowed with adequate natural resources. It has a very fertile agricultural land and vast quantities of livestock. The livestock include over 60 million cattle, sheep and goats. Instability, unsatisfactory governance, and corrup ...
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South Sudan
South Sudan (; din, Paguot Thudän), officially the Republic of South Sudan ( din, Paankɔc Cuëny Thudän), is a landlocked country in East Africa. It is bordered by Ethiopia, Sudan, Central African Republic, Democratic Republic of the Congo, Uganda and Kenya. Its population was estimated as 12,778,250 in 2019. Juba is the capital and largest city. It gained independence from Sudan on 9 July 2011, making it the most recent sovereign state or country with widespread recognition as of 2022. It includes the vast swamp region of the Sudd, formed by the White Nile and known locally as the '' Bahr al Jabal'', meaning "Mountain River". Sudan was occupied by Egypt under the Muhammad Ali dynasty and was governed as an Anglo-Egyptian condominium until Sudanese independence in 1956. Following the First Sudanese Civil War, the Southern Sudan Autonomous Region was formed in 1972 and lasted until 1983. A second Sudanese civil war soon broke out in 1983 and ended in 2005 with the ...
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Human Development Report
The Human Development Report (HDR) is an annual Human Development Index report published by the Human Development Report Office of the United Nations Development Programme (UNDP). The first HDR was launched in 1990 by the Pakistani economist Mahbub ul Haq and Indian Nobel laureate Amartya Sen. Since then reports have been released most years, and have explored different themes through the human development approach, which places people at the center of the development process. The reports are ensured of editorial independence by the United Nations General Assembly. They are seen as reports to UNDP, not of UNDP. This allows each report greater freedom to explore ideas and constructively challenge policies. Each report also presents an updated set of indices, including the Human Development Index (HDI), which is a measure of average achievement in the basic dimensions of human development across countries, and a compendium of key development statistics relevant to the report the ...
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Western Equatoria
Western Equatoria is a state in South Sudan. It has an area of . Its capital is Yambio. The state was divided into counties, each headed by a County Commissioner. Western Equatoria seceded from Sudan as part of the Republic of South Sudan on 9 July 1956. On October 2, 2011, the state was divided into Amadi, Maridi, and Gbudwe states, and Tambura State was split from Gbudwe state on January 14, 2015. Western Equatoria was re-established by a peace agreement signed on 22 February 2020. History Since the 16th century, Western Equatoria has been a home to the Avukaya, Azande, Baka, Moru, Mundu and Balanda. The Mahdist Revolt of the 1880s destabilized the nascent province, and Equatoria ceased to exist as an Egyptian outpost in 1889. Important settlements in Equatoria included Lado, Gondokoro, Dufile and Wadelai. European colonial maneuverings in the region came to a head in 1898, when the Fashoda Incident occurred at present-day Kodok; Britain and France almost went to w ...
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United Nations
The United Nations (UN) is an intergovernmental organization whose stated purposes are to maintain international peace and international security, security, develop friendly relations among nations, achieve international cooperation, and be a centre for harmonizing the actions of nations. It is the world's largest and most familiar international organization. The UN is headquarters of the United Nations, headquartered on extraterritoriality, international territory in New York City, and has other main offices in United Nations Office at Geneva, Geneva, United Nations Office at Nairobi, Nairobi, United Nations Office at Vienna, Vienna, and Peace Palace, The Hague (home to the International Court of Justice). The UN was established after World War II with Dumbarton Oaks Conference, the aim of preventing future world wars, succeeding the League of Nations, which was characterized as ineffective. On 25 April 1945, 50 governments met in San Francisco for United Nations Conference ...
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Corruption In South Sudan
Corruption in South Sudan is among the worst in the world. The nation's elites have developed a kleptocratic system that controls every part of the South Sudanese economy. This system has taken shape quickly in a relatively short period, South Sudan having won self-rule in 2005 while remaining part of Sudan, and having been accorded full sovereignty in 2011. The nation was ranked last on Transparency International's 2021 Corruption Perception Index, which ranks 180 countries by their perceived level of public-sector corruption. According to one member of parliament, the nation has lacked any and all regulations to "combat frauds and malfeasance among the senior government officials," especially among government procurement officials within the ministry of finance and economic planning. In a 2013 article, Nyol Gaar Nguen wrote that " tright thieves and looting of public funds in a broad day light by the enforcer or man in charge always reigns" in South Sudan. The degree of corrup ...
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Fragile States Index
The Fragile States Index (FSI; formerly the Failed States Index) is an annual report published by the United States think tank the Fund for Peace and the American magazine ''Foreign Policy'' from 2005 to 2018, then by The New Humanitarian since 2019. The list aims to assess states' vulnerability to conflict or collapse, ranking all sovereign states with membership in the United Nations where there is enough data available for analysis. Taiwan, the Palestinian Territories, Northern Cyprus, Kosovo and Western Sahara are not ranked, despite being recognized as sovereign by one or more other nations. Ranking is based on the sum of scores for 12 indicators (see below). Each indicator is scored on a scale of 0 to 10, with 0 being the lowest intensity (most stable) and 10 being the highest intensity (least stable), creating a scale spanning 0−120. Methodology The index's ranks are based on twelve indicators of state vulnerability, grouped by category: Cohesion, Economic, Political, Soc ...
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Petroleum
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by distillation, into innumerable products for direct use or use in manufacturing. Products include fuels such as gasol ...
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Gross Domestic Product
Gross domestic product (GDP) is a money, monetary Measurement in economics, measure of the market value of all the final goods and services produced and sold (not resold) in a specific time period by countries. Due to its complex and subjective nature this measure is often revised before being considered a reliable indicator. List of countries by GDP (nominal) per capita, GDP (nominal) per capita does not, however, reflect differences in the cost of living and the inflation, inflation rates of the countries; therefore, using a basis of List of countries by GDP (PPP) per capita, GDP per capita at purchasing power parity (PPP) may be more useful when comparing standard of living, living standards between nations, while nominal GDP is more useful comparing national economies on the international market. Total GDP can also be broken down into the contribution of each industry or sector of the economy. The ratio of GDP to the total population of the region is the GDP per capita, p ...
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Stagnation Pressure
In fluid dynamics, stagnation pressure is the static pressure at a stagnation point in a fluid flow.Clancy, L.J., ''Aerodynamics'', Section 3.5 At a stagnation point the fluid velocity is zero. In an incompressible flow, stagnation pressure is equal to the sum of the free-stream static pressure and the free-stream dynamic pressure. Stagnation pressure is sometimes referred to as pitot pressure because the two pressures are numerically equal. Magnitude The magnitude of stagnation pressure can be derived from Bernoulli equation for incompressible flow and no height changes. For any two points 1 and 2: :P_1 + \tfrac \rho v_1^2 = P_2 + \tfrac \rho v_2^2 The two points of interest are 1) in the freestream flow at relative speed v where the pressure is called the "static" pressure, (for example well away from an airplane moving at speed v); and 2) at a "stagnation" point where the fluid is at rest with respect to the measuring apparatus (for example at the end of a pitot tube in an ai ...
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South Sudanese Civil War
The South Sudanese Civil War was a multi-sided civil war in South Sudan between forces of the government and opposition forces. In December 2013, President Kiir accused his former deputy Riek Machar and ten others of attempting a coup d'état. Machar denied trying to start a coup and fled to lead the SPLM – in opposition (SPLM-IO). Fighting broke out between the Sudan People's Liberation Movement (SPLM) and SPLM-IO, igniting the civil war. Ugandan troops were deployed to fight alongside the South Sudanese government. The United Nations has peacekeepers in the country as part of the United Nations Mission in South Sudan (UNMISS). In January 2014, the first ceasefire agreement was reached. Fighting continued and would be followed by several more ceasefire agreements. Negotiations were mediated by "IGAD +" (which includes the eight regional nations called the Intergovernmental Authority on Development as well as the African Union, United Nations, China, the EU, USA, UK and Norwa ...
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Ease Of Doing Business Index
The ease of doing business index was an index created jointly by Simeon Djankov, Michael Klein, and Caralee McLiesh, three leading economists at the World Bank Group. The academic research for the report was done jointly with professors Edward Glaeser, Oliver Hart, and Andrei Shleifer. Higher rankings (a low numerical value) indicated better, usually simpler, regulations for businesses and stronger protections of property rights. Empirical research funded by the World Bank to justify their work show that the economic growth effect of improving these regulations is strong. Though the first report was authored by Djankov, Klein, and McLiesh, and they continue to be listed as "founders" of the report, some sources attribute the genesis of the idea to Djankov and Gerhard Pohl. The report was discontinued by the World Bank on September 16, 2021, following the release of an independent audit of the data irregularities. The audit documented how bank leadership pressured experts to manip ...
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