Author : International Monetary Fund. External Relations Dept.
Publisher : International Monetary Fund
ISBN 13 : 1451951973
Total Pages : 76 pages
Book Rating : 4.4/5 (519 download)
Book Synopsis Finance & Development, December 2001 by : International Monetary Fund. External Relations Dept.
Download or read book Finance & Development, December 2001 written by International Monetary Fund. External Relations Dept. and published by International Monetary Fund. This book was released on 2001-01-01 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines how Africa can reposition itself to take full advantage of globalization—while minimizing the risks in the process—to accelerate economic growth and reduce poverty. The paper highlights that Africa’s share of world trade has dwindled, foreign direct investment in most countries has remained at low levels, and the income gap relative to advanced countries has widened. The paper looks at why Africa has missed out so far on the benefits of globalization, and indicates what steps Africa now needs to take to boost economic growth.