Busa 3000 Country Paper
Algeria, officially known as the Peoples' Democratic Republic of Algeria, is located in Northern Africa. It borders the countries of Morocco, Mauritania, Mali, Niger, Libya, Tunisia, and the disputed land of Western Sahara. Algeria has a prominent coastline, and its capital city of Algiers is located on a bay of the Mediterranean Sea. The territorial size of the country is 2,381,740 square kilometers (919,594 square miles) which is more than three times the size of Texas (U.S. Department of State). Algeria has a population of approximately 34.8 million people, which has tripled since 1960 (Google Public Data).
Algeria is a republic, having won independence from France on July 5, 1962 (U.S. Department of State). …show more content…
The third reason Algeria should concentrate more efforts towards agriculture is that although crude oil is currently a very large moneymaker for the country, the future oil demand is uncertain. Many believe that there is not an endless supply and the Middle East could start seeing shortages as early as 20 years from now. Consumers are already taking steps toward finding ways to decrease their oil consumption, from buying electric or hybrid cars to using biofuels instead of crude oil. The International Energy Agency believes that biofuels will be used to meet more than a quarter of the world demand for transportation fuels by 2050 (Platts). Two of the more popular biofuels are made from soybean and corn. Therefore, the impact on Algeria is twofold; they would be able to replace some of the lost funds from the decrease in crude oil usage by exporting agricultural products for food consumption, and by growing soybean and corn for use in biofuel production, they would be able to remain profitable in a changing future world economy.
In conclusion, Algeria should definitely seek to invest as much as possible into its agriculture sector. The three major reasons for this as detailed previously include the opportunity for foreign investment, the ability to remain profitable in the face of a possible