Leading economic expert Jim Rogers traveled to 150 countries over 150,000 miles in three years – follow his adventures here on FentonReport.
In this video Jim and Paige visit Malawi in Africa.
Copyright Jim Rogers – provided as a special contribution to The Fenton Report. http://www.fentonreport.com
The Republic of Malawi is a landlocked country in southeast Africa that was formerly known as Nyasaland. It is bordered by Zambia to the northwest, Tanzania to the northeast and Mozambique, which surrounds it on the east, south and west. The country is separated from Tanzania and Mozambique by Lake Malawi. The name Malawi comes from the Maravi, one of the original Bantu tribes to inhabit the area.
Malawi was first settled during the 10th century and remained under native rule until 1891 when it was colonized by the British, who ruled the country until 1964. Upon gaining independence it became a single-party state under the presidency of Hastings Banda, who remained president until 1994, when he was ousted from power. Bingu Mutharika, elected in 2004, is the current president, and as of 2008, Malawi has a democratic, multi-party government. Malawi has a small military force that includes an army, a navy and an air wing. Malawi’s foreign policy is pro-Western and includes positive diplomatic relations with most countries and participation in several international organizations.
Malawi is among the world’s least developed and most densely populated countries. The economy is heavily based in agriculture, with a largely rural population. The Malawian government depends heavily on outside aid to meet development needs, although this need (and the aid offered) has decreased since 2000. The Malawian government faces challenges in growing the economy, improving education, health care and the environmental protection and becoming financially independent. Malawi has several programs developed since 2005 that focus on these issues, and the country’s outlook appears to be improving, with improvements in economic growth, education and healthcare seen in 2007 and 2008.
Malawi has a low life expectancy and high infant mortality. There is a high prevalence of HIV/AIDS, which is a drain on the labor force and government expenditures, and is expected to have a significant impact on gross domestic product (GDP) by 2010. There is a diverse population of native peoples, Asians and Europeans, with several languages spoken and an array of religious beliefs. Although there was tribal conflict in the past, by 2008 it had diminished considerably and the concept of a Malawian nationality had begun to form. Malawi has a culture combining native and colonial aspects, including sports, art, dance and music.