The most failed investment, buying an island for 5 billion, the owner of the island lost a lot, and

Mondo Finance Updated on 2024-01-28

The most failed investment, buying an island for 5 billion, the owner of the island lost a lot, and the joy of failure

The army is only 7 per cent, that is, 7,100, and according to the population of China, it is close to 100 million troopsYou know, even in a big country like Iran, the birth rate is only one percent, but the number of their troops and armies is too much, and it is still a very poor country.

Eritrea, an Africa that Chinese have rarely heard of, but in Africa, it is a strategic location. Since the ninth century, Eritrea has been invaded by neighbouring countries, Ethiopia being the most active, with Italy and Britain invading each other. After World War II, Italy, as the victor, also announced that it had withdrawn from all its colonies, and Eritrea was handed over to the United Nations, eventually forming an alliance with Ethiopia.

But it didn't last long, as Ethiopia intended to use it as a province, so Eritrea, which had just had an oil port base, was embroiled in a 30-year revolution.

It is located in the Horn of Africa, connecting the Red Sea to the Gulf of Aden, but not only has it not made it more prosperous, on the contrary, it has endured numerous wars. As soon as the war with Ethiopia ended, it descended into a civil war until 1998, when Eritrea had a total population of only 4.6 million and more than 300,000 troops due to a border dispute, a figure that continued until 2001. It can be said that Eritrea has not had a peaceful life from the beginning, and it has been a chaotic situation until now.

Under normal circumstances, it is quite difficult for a country's military spending to reach more than 5% of GDP, even in the United States, it is only about 4%, while China only has 13%。Eritrea, on the other hand, has only 20 percent, with an annual GDP of less than 5 billion, and only one billion is spent on military spending, which seems to be $900 per person, and the money that can be used freely is less than $150, that is, the average annual income of Eritrea is less than 950 yuan.

950 yuan, even if it is the cheapest country, it can't last for two months, not to mention that Eritrea has to import from abroad because it has no industry, so in the past 15 years, ** has been maintained at more than 10%. They had seen dilapidated bazaars, but it was the first time they had seen a ...... completely open bazaar like thisTo say that Eritrea is the least developed country in the world is better to say that it is "at the bottom".

The only street in Asmara was left by the British, and the two countries reached an agreement not to allow any clashes on this street, and each side sent thousands of troops to surround the street. Since the establishment of the republic, the state has been building roads, installing street lights and greenery on the roads, which is the only thing they can show off in society.

In modern times, most of the measures we measure the development level of a country are based on its infrastructure, such as electricity, electric power, industrial technology, transportation, etc. In 2007, Eritrea's average annual electricity consumption was less than 70 degrees Celsius, and electricity was only seven hours a day in all but the capital, especially in rural areas, where the country could barely survive with a single diesel power plant, according to a previous United Nations report. There is only one Yangtze River in the whole country, so even the capital cannot guarantee a water supply for twelve hours a day, no water, no water, let alone other industries.

Since 2008, the Bank has earmarked $1,500,000 to maintain water and electricity for about 12 hours a day. In 2016, the mobile penetration rate reached 200,000 units, that is, only 30 people can have one, and the Internet is based on kilobytes.

And the most laughable thing is that the poor Eritrea has such a bad relationship with its neighbors, which is really incomprehensible. Ethiopia is also a country that is often at war, but it was very close to Sudan before, and then it was abandoned by the constant support camp in the civil war;Before the independence of the United States, it had good relations with Djibouti, but after gaining independence, there was a war in two more square kilometers of land, and later there was almost a war;A war broke out with Yemen over the ownership of the two small islands, and dozens of soldiers were killed and forced to return. Even Italy, the former suzerain, had funded Italy with $400 million before it broke up in 1993, but later the two companies had to break off their relationship because of some trivial matters.

So far, more than 300,000 Eritrean refugees have sought refuge in European countries, and more than 50,000 remained in Italy in 2012 alone.

Related Pages