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Further, the target of the first Millennium Development Goal was to cut the 1990 poverty rate in half by 2015. Lower costs do benefit many consumers, but it also creates tough competition that leads some companies to search for cheap labor sources. According to the World Bank , extreme poverty decreased by 35% since 1990.
Inflows of FDI have risen every year since 2012 , and they more than doubled from 2015 to 2019, up to USD983 million. According to a 2021 Africa Growth Initiative report , businesses must contend with highly rigid laborregulations in Senegal, which can be a challenge.
Further, the target of the first Millennium Development Goal was to cut the 1990 poverty rate in half by 2015. Lower costs do benefit many consumers, but it also creates tough competition that leads some companies to search for cheap labor sources. According to the World Bank , extreme poverty decreased by 35% since 1990.
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