The economy of Togo is refers to the economic activity of the West African nation of Togo.
Subsistence agriculture is the main economic activity in Togo; the majority of the population depends on subsistence agriculture. Food and cash crop production employs the majority of the labor force and contributes about 42% to the gross domestic product (GDP). Coffee and cocoa are traditionally the major cash crops for export, but cotton cultivation increased rapidly in the 1990s, with 173,000 metric tons produced in 1999.
After a disastrous harvest in 2001 (113,000 metric tons), production rebounded to 168,000 metric tons in 2002. Despite insufficient rainfall in some areas, the Togolese Government has achieved its goal of self-sufficiency in food crops — maize, cassava, yams, sorghum, pearl millet, and groundnut. Small and medium-sized farms produce most of the food crop; the average farm size is one to three hectares.
Commerce is an important economic activity in Togo, and Lomé is an important regional trading center. Its port operates 24 hours a day, mainly transporting goods to the inland countries of Mali, Burkina Faso, and Niger.
Togo, officially the Togolese Republic i/ˈtoʊɡoʊ/, is a country in West Africa bordered by Ghana to the west, Benin to the east, and Burkina Faso to the north. It extends south to the Gulf of Guinea, on which the capital Lomé is located. Togo covers an area of approximately 57,000 square kilometres (22,000 sq mi) with a population of approximately 6.7 million.
Togo is a tropical, sub-Saharan nation, highly dependent on agriculture, with a climate that provides good growing seasons. The official language is French, with many other languages spoken in Togo, particularly those of the Gbe family. The largest religious group in Togo are those with indigenous beliefs, and there are significant Christian and Muslim minorities. Togo is a member of the United Nations, African Union, Organisation of Islamic Cooperation, South Atlantic Peace and Cooperation Zone, La Francophonie and Economic Community of West African States.
From the 11th to the 16th century, various tribes entered the region from all directions. From the 16th century to the 18th century, the coastal region was a major trading centre for Europeans in search of slaves, earning Togo and the surrounding region the name "The Slave Coast". In 1884, Germany declared Togoland a protectorate. After World War I, rule over Togo was transferred to France. Togo gained its independence from France in 1960.
Jacque Fresco (born March 13, 1916), is a self-educated structural designer, architectural designer, philosopher of science, concept artist, educator, and futurist. His interests span a wide range of disciplines including several in philosophy, science, architecture and engineering. Fresco writes and lectures extensively on his view of subjects ranging from the holistic design of sustainable cities, energy efficiency, natural resource management, cybernated technology, advanced automation, and the role of science in society, focusing on the benefits he thinks they may bring. With his colleague, Roxanne Meadows, he is the founder and director of an organization known as The Venus Project, located in Venus, Florida. He currently promotes a fundamental change in anthropic organization through the global implementation of a novel socio-economic system predicated on social cooperation, technological automation, and scientific methodology, called a Resource-based economy.
In contemporary culture he has been popularized by three documentaries, Future By Design,Zeitgeist Addendum, and Zeitgeist: Moving Forward, His Venus Project has been inspirational worldwide, especially to activists.
James Beeland Rogers, Jr. (born October 19, 1942) is an American investor and author. He is currently based in Singapore. Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc. He was the co-founder of the Quantum Fund with George Soros and creator of the Rogers International Commodities Index (RICI).
Rogers is an outspoken proponent of the free market, but he does not consider himself a member of any school of thought. Rogers acknowledged, however, that his views best fit the label of Austrian School of economics.
Rogers was born in Baltimore, Maryland and raised in Demopolis, Alabama. He started in business at the age of five by selling peanuts and by picking up empty bottles that fans left behind at baseball games. He got his first job on Wall Street, at Dominick & Dominick, after graduating with a bachelor's degree in History from Yale University in 1964. Rogers then acquired a second BA degree in Philosophy, Politics and Economics from Balliol College, Oxford University in 1966.