MADAGASCAR OCT 2016. "Situated off the southeast coast of Africa, Madagascar is the fourth largest island in the world. Having developed in isolation, the island nation is famed for its unique wildlife. Traditionally, the Malagasy economy has been based on the cultivation of paddy rice, coffee, vanilla and cloves. But despite a wealth of natural resources and a tourism industry driven by its unique environment, the country remains one of the world's poorest and heavily dependent on foreign aid. Since gaining independence from France in 1960, Madagascar has experienced repeated political instability, including coups, violent unrest and disputed elections. The most recent coup in 2009 led to five years of political deadlock, international condemnation and economic sanctions. Despite the return of democratic elections in 2013, the political situation remains fragile". BBC Country Profile. Due to the island's size, biodiversity and the number of endemic species, some people believe Madagascar should be classified as the eighth continent.