Katrina Shankle/Feb. 29, 2008/4:33 p.m./Global Economics
All seems to be going well in Zambia, the economy has continued to grow steadily five percent for the last five years. While investors are toasting Zambia's successes, the people living in the capital city are asking one question, "Why are we still living in poverty?"
"'It seems this economic growth is only known by the government; they tell us the economy is growing but to us life is still the same, prices of everything on the market are still the same, we are still poor, and we are still looking for jobs,' Lusaka resident Agness Banda told IRIN."
Copper, which accounts for more that eighty percent of total foreign earnings for the country, has reached a record high fetching price on the world market and contributed to the growth of Zambia's economy.
The question is, if the economy is doing so well, why has the cost of living failed to go down?
http://allafrica.com/stories/200802270914.html
3 comments:
This story is known all to well around the world, cost of living is too high for the wages that are received if you are lucky enough to find a job. They government always assures the country that everything is fine and we are doing well, yet the citizens fail to see it. I hope in the future the people of Zambia find relief.
Esther Mandelstamm
I feel that something needs to be done for Zambia and for citizens all over the world. People are in poverty and they feel as if no one cares and to be honest I dont think that anyone does.
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