Foreign Economic Potential of the Republic of Chad in the System of the African Continent: Problems and Solutions

Abstract

This chapter aims to analyze and evaluate the economic potential of Chad within the African continent, identify the challenges faced by the country, and propose potential solutions. The authors used a combination of qualitative and quantitative research methods. Relevant data is collected from reliable sources such as government reports, international organizations, research institutes, and academic studies, including data on Chad's GDP, trade flows, foreign direct investment (FDI), infrastructure, human capital, and natural resources.

The Republic of Chad is an agrarian country where the prosperity of 55% of the population depends on the development of agriculture, mainly livestock. Although rich in natural resources, Chad is one of the poorest countries in the world. Several investment projects have recently appeared in this country, which will help reduce the population's poverty in the future. The growth rate of Chad's economy lags behind that of the population. Foreign assistance is needed to solve the identified problem. With regard to the investment projects that have become more active this year, it would be unnecessary to be dizzy with success because they are still unable to break the established way of life. The Republic of Chad is situated in Africa and is considered one of the largest countries in the continent. The country has no access to the sea.

Citation

Hassane, A.M., Madiyarova, D.M. and Mahamat Nour, O.N. (2024), "Foreign Economic Potential of the Republic of Chad in the System of the African Continent: Problems and Solutions", Eshov, M.P., Abdurakhmanova, G.K., Burkhanov, A.U., Abdusalomova, N.B. and Ergasheva, S.T. (Ed.) Development of International Entrepreneurship Based on Corporate Accounting and Reporting According to IFRS (Advanced Series in Management, Vol. 33B), Emerald Publishing Limited, Leeds, pp. 167-172. https://doi.org/10.1108/S1877-63612024000033B021