<P> The economy of Madagascar is a market economy and is supported by Madagascar 's well - established agricultural industry and emerging tourism , textile and mining industries . Malagasy agriculture produces tropical staple crops such as rice and cassava , as well as cash crops such as vanilla and coffee . Madagascar 's wealth of natural resources supports its sizable mining industry . Additionally , Madagascar 's status as a developing nation exempts Malagasy exports from customs protocol in some areas , notably the United States and European Union . These exemptions have supported the growth of the Malagasy textile industry . Despite Madagascar 's natural resources and developing industries , the 2009 Malagasy political crisis -- considered by the international community to be an illegal coup -- deterred foreign investments in Madagascar and caused the Malagasy economy to decline . Foreign investments have resumed following the resumption of elections in early 2014 . </P>
<P> The economy of Madagascar is a market economy and is supported by Madagascar 's well - established agricultural industry and emerging tourism , textile and mining industries . Malagasy agriculture produces tropical staple crops such as rice and cassava , as well as cash crops such as vanilla and coffee . Madagascar 's wealth of natural resources supports its sizable mining industry . Additionally , Madagascar 's status as a developing nation exempts Malagasy exports from customs protocol in some areas , notably the United States and European Union . These exemptions have supported the growth of the Malagasy textile industry . Despite Madagascar 's natural resources and developing industries , the 2009 Malagasy political crisis -- considered by the international community to be an illegal coup -- deterred foreign investments in Madagascar and caused the Malagasy economy to decline . Foreign investments have resumed following the resumption of elections in early 2014 . </P>
what kind of economic system does madagascar have
what kind of economic system does madagascar have
market economy
market economy