JENÍČEK V.
Abstract
Economic development of Africa, namely its Sub-Saharan part, contrasted in the 1990s with the political instability, economic
stagnation or decrease with the previous two decades. After the “lost decade” of the 1980s, there was obvious, notwithstanding
the ongoing economic crisis at the beginning of the 1990s, a certain positive turn in developing tendencies. Economic
development in the Sub-Saharan Africa of the fi rst half of the 1990s could be characterised as a period of the echoing crisis
and the starting phase of renewal, and the second half of the 1990s as the transition into a new phase characterized by considerably
more stable macro-economic conditions and a more balanced economic growth. The indicators of the fi rst years
of the 21st century indicate the continuation of the development started on the late 1990s, even if the regional confl icts and
the political non-stability in many African countries still strongly endanger the fragile economic growth.
Key words:
Africa, situation of economy, Sub-Saharan Africa, trade balance, external indebtedness, foreign investments