The Growth Of East African Exports And Their Effects On Economic Development

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Unlocking Africa's Business Potential

Author : Landry Signe
Publisher : Brookings Institution Press
ISBN 13 : 0815737394
Total Pages : 361 pages
Book Rating : 4.8/5 (157 download)

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Book Synopsis Unlocking Africa's Business Potential by : Landry Signe

Download or read book Unlocking Africa's Business Potential written by Landry Signe and published by Brookings Institution Press. This book was released on 2020-04-07 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa welcomes business investment and offers some of the world's highest returns and impacts Africa has tremendous economic potential and offers rewarding opportunities for global businesses looking for new markets and long-term investments with favorable returns. Africa has been one of the world's fastest-growing regions over the past decade, and by 2030 will be home to nearly 1.7 billion people and an estimated $6.7 trillion worth of consumer and business spending. Increased political stability in recent years and improving regional integration are making market access easier, and business expansion will generate jobs for women and youth, who represent the vast majority of the population. Current economic growth and poverty-alleviation efforts mean that more than 43 percent of the continent's people will reach middle- or upper-class status by 2030. Unlocking Africa's Business Potential examines business opportunities in the eight sectors with the highest potential returns on private investment—the same sectors that will foster economic growth and diversification, job creation, and improved general welfare. These sectors include: consumer markets, agriculture and agriprocessing, information and communication technology, manufacturing, oil and gas, tourism, banking, and infrastructure and construction. The book's analysis of these sectors is based on case studies that identify specific opportunities for investment and growth, along with long-term market projections to inform decision-making. The book identifies potential risks to business and offers mitigation strategies. It also provides policymakers with solutions to attract new business investments, including how to remove barriers to business and accelerate development of the private sector.

The East African Community

Author : Ms.Catherine McAuliffe
Publisher : International Monetary Fund
ISBN 13 : 1475586310
Total Pages : 55 pages
Book Rating : 4.4/5 (755 download)

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Book Synopsis The East African Community by : Ms.Catherine McAuliffe

Download or read book The East African Community written by Ms.Catherine McAuliffe and published by International Monetary Fund. This book was released on 2012-11-14 with total page 55 pages. Available in PDF, EPUB and Kindle. Book excerpt: The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade—the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries—macroeconomic and government stability, favorable business climate, and strong institutions—but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out.

Industries Without Smokestacks

Author : Richard S. Newfarmer
Publisher : Oxford University Press
ISBN 13 : 0198821883
Total Pages : 472 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis Industries Without Smokestacks by : Richard S. Newfarmer

Download or read book Industries Without Smokestacks written by Richard S. Newfarmer and published by Oxford University Press. This book was released on 2018 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study prepared by the United Nations University World Institute for Development Economics Research (UNU-WIDER)

Challenges of Growth and Globalization in the Middle East and North Africa

Author : Mr.Hamid R Davoodi
Publisher : International Monetary Fund
ISBN 13 : 9781589062290
Total Pages : 44 pages
Book Rating : 4.0/5 (622 download)

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Book Synopsis Challenges of Growth and Globalization in the Middle East and North Africa by : Mr.Hamid R Davoodi

Download or read book Challenges of Growth and Globalization in the Middle East and North Africa written by Mr.Hamid R Davoodi and published by International Monetary Fund. This book was released on 2003-09-05 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Middle East and North Africa (MENA) is an economically diverse region. Despite undertaking economic reforms in many countries, and having considerable success in avoiding crises and achieving macroeconomic stability, the region’s economic performance in the past 30 years has been below potential. This paper takes stock of the region’s relatively weak performance, explores the reasons for this out come, and proposes an agenda for urgent reforms.

Economic Development in Africa Report 2021

Author : UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT.
Publisher :
ISBN 13 : 9789211130041
Total Pages : 220 pages
Book Rating : 4.1/5 (3 download)

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Book Synopsis Economic Development in Africa Report 2021 by : UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT.

Download or read book Economic Development in Africa Report 2021 written by UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT. and published by . This book was released on 2022-01-07 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: The African Continental Free Trade Area is expected to be a game changer for development ambitions in Africa.

Special Economic Zones in Africa

Author : Thomas Farole
Publisher : World Bank Publications
ISBN 13 : 0821386395
Total Pages : 328 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Special Economic Zones in Africa by : Thomas Farole

Download or read book Special Economic Zones in Africa written by Thomas Farole and published by World Bank Publications. This book was released on 2011-01-01 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This book, designed for policymakers, academics and researchers, and SEZ program practitioners, provides the first systematic and comprehensive analysis of SEZ programs in Sub-Saharan Africa. It is the result of detailed surveys and case studies conducted during 2009 in ten developing countries, including six in Sub-Saharan Africa. The book provides quantitative evidence of the performance of SEZs, and of the factors which contribute to that performance, highlighting the critical importance not just of the SEZ itself but of the wider national investment climate in which it functions. It also provides a comprehensive guide to the key policy questions that confront governments establishing SEZ programs, including: if and when to launch an SEZ program, what form of SEZ is most appropriate, and how to go about implementing it. Among the most important findings from the study that is stressed in the book is the shift from traditional enclave models of zones to SEZs that are integrated ? with national trade and industrial strategies, with core trade and social infrastructure, with domestic suppliers, and with local labor markets.Although the book focuses primarily on the experience of Sub-Saharan Africa, its lessons will be applicable to developing countries around the world."

Trade Liberalisation and Economic Development in Africa

Author : Gift Mugano
Publisher : Routledge
ISBN 13 : 100045794X
Total Pages : 179 pages
Book Rating : 4.0/5 (4 download)

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Book Synopsis Trade Liberalisation and Economic Development in Africa by : Gift Mugano

Download or read book Trade Liberalisation and Economic Development in Africa written by Gift Mugano and published by Routledge. This book was released on 2021-09-30 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a thorough and rigorous discussion on the impact of trade liberalisation on economic development with a special focus on the African continent. The author presents the rationale for trade liberalisation, trade liberalisation frameworks, the trade liberalisation economic development nexus, impediments to trade, and contemporary issues of international trade. In this book, notwithstanding the benefits from trade liberalisation, the author shows that African trade as a share of global trade has remained flat at 3% as in 1975, while the continent’s exports have remained raw materials and its intra-regional trade at less than 15% of total trade, which is the lowest in the world (UNCTAD, 2020). With respect to key economic development indicators such as economic growth, poverty levels, and employment levels, this book shows that, ironically and in direct contrast with the conventional views that trade liberalisation alleviates poverty, trade liberalisation in Africa has resulted in high levels of unemployment and low economic growth which ultimately lead to increased poverty. In addition, this book provides a detailed analysis of why trade liberalisation has failed to yield meaningful benefits to Africa. The binding constraints and blockages which prevent positive spin-offs on trade liberalisation in Africa are discussed in detail in this book. In the same vein, the author provides practical strategies which must be adopted by African countries in order to gain from trade liberalisation, making this work a must-read for African governments, academia, trade experts, regional trading blocs, the World Trade Organization, and development partners. In view of this, and as part of the disruptive and structural transformation policies, the author discusses case studies and international experience contextualised to Africa as well as strategies for addressing the trade-related infrastructure gap, production capacities, export promotion, and aid for trade.

Growth in Sub-Saharan Africa

Author : Mr.Dhaneshwar Ghura
Publisher : International Monetary Fund
ISBN 13 : 1451855753
Total Pages : 32 pages
Book Rating : 4.4/5 (518 download)

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Book Synopsis Growth in Sub-Saharan Africa by : Mr.Dhaneshwar Ghura

Download or read book Growth in Sub-Saharan Africa written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1995-12-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.

Economic Integration in Africa

Author : Richard E. Mshomba
Publisher : Cambridge University Press
ISBN 13 : 9781316637128
Total Pages : 0 pages
Book Rating : 4.6/5 (371 download)

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Book Synopsis Economic Integration in Africa by : Richard E. Mshomba

Download or read book Economic Integration in Africa written by Richard E. Mshomba and published by Cambridge University Press. This book was released on 2019-05-16 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this work, Richard E. Mshomba offers an in-depth analysis of economic integration in Africa with a focus on the East African Community (EAC), arguably the most ambitious of all the regional economic blocs currently in existence in Africa. Economic Integration in Africa provides more than just an overview of regional economic blocs in Africa; it also offers a rich historical discussion on the birth and death of the first EAC starting with the onset of colonialism in the 1890s, and a systematic analysis of the birth, growth, and aspirations of the current EAC. Those objectives include forming a monetary union and eventually an East African political federation. This book also examines the African Union's aspirations for continent-wide integration as envisioned by the Abuja Treaty. Mshomba carefully argues that maturity of democracy and good governance in each country are prerequisites for the formation of a viable and sustainable East African federation and genuine continent-wide integration.

An evolving paradigm of agricultural mechanization development: How much can Africa learn from Asia?

Author : Diao, Xinshen, ed.
Publisher : Intl Food Policy Res Inst
ISBN 13 : 0896293807
Total Pages : 548 pages
Book Rating : 4.8/5 (962 download)

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Book Synopsis An evolving paradigm of agricultural mechanization development: How much can Africa learn from Asia? by : Diao, Xinshen, ed.

Download or read book An evolving paradigm of agricultural mechanization development: How much can Africa learn from Asia? written by Diao, Xinshen, ed. and published by Intl Food Policy Res Inst. This book was released on 2020-12-07 with total page 548 pages. Available in PDF, EPUB and Kindle. Book excerpt: Agricultural mechanization in Africa south of the Sahara — especially for small farms and businesses — requires a new paradigm to meet the needs of the continent’s evolving farming systems. Can Asia, with its recent success in adopting mechanization, offer a model for Africa? An Evolving Paradigm of Agricultural Mechanization Development analyzes the experiences of eight Asian and five African countries. The authors explore crucial government roles in boosting and supporting mechanization, from import policies to promotion policies to public good policies. Potential approaches presented to facilitating mechanization in Africa include prioritizing market-led hiring services, eliminating distortions, and developing appropriate technologies for the African context. The role of agricultural mechanization within overall agricultural and rural transformation strategies in Africa is also discussed. The book’s recommendations and insights should be useful to national policymakers and the development community, who can adapt this knowledge to local contexts and use it as a foundation for further research.

Economic Development in Africa Report 2019

Author : United Nations Conference on Trade and Development
Publisher :
ISBN 13 : 9789210039741
Total Pages : 0 pages
Book Rating : 4.0/5 (397 download)

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Book Synopsis Economic Development in Africa Report 2019 by : United Nations Conference on Trade and Development

Download or read book Economic Development in Africa Report 2019 written by United Nations Conference on Trade and Development and published by . This book was released on 1901 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The advent of the African Continental Free Trade Area (AfCFTA) represents a historic opportunity for the continent to boost intra-African trade and accelerate structural transformation. However, this relies on a critical policy instrument: the effective implementation of preferential trade liberalization among the AfCFTA members. Whether in practice African firms will utilize tariff preferences under the AfCFTA depends on a critical factor: rules of origin (RoO) and the net benefits of complying with them. The Economic Development in Africa Report 2019 argues for the adoption of flexible RoO and a strengthening of institutional capacities to ensure an impartial, transparent, predictable, consistent and neutral implementation of agreed RoO.

Trade and Development in Sub-Saharan Africa

Author : J. H. Frimpong-Ansah
Publisher : Manchester University Press
ISBN 13 : 9780719034787
Total Pages : 440 pages
Book Rating : 4.0/5 (347 download)

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Book Synopsis Trade and Development in Sub-Saharan Africa by : J. H. Frimpong-Ansah

Download or read book Trade and Development in Sub-Saharan Africa written by J. H. Frimpong-Ansah and published by Manchester University Press. This book was released on 1991 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: Results of a research project on "Trade and Development in Sub-Saharan Africa", organized by the Rockefeller Foundation, the Centre for Economic Policy Research and the Commonwealth Secretariat. Papers focus on export performance, the international trade system and the effects of various policies.

Assessing Regional Integration in Africa

Author : United Nations. Economic Commission for Africa
Publisher : United Nations, Economic Commission for Africa
ISBN 13 :
Total Pages : 304 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Assessing Regional Integration in Africa by : United Nations. Economic Commission for Africa

Download or read book Assessing Regional Integration in Africa written by United Nations. Economic Commission for Africa and published by United Nations, Economic Commission for Africa. This book was released on 2004 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines progress towards regional integration in Africa; defined as one of the anchoring ideals of African unity and the basis for the New Partnership for Africa's Development (NEPAD) development framework. The report analyses the current state of the integration process, highlighting where efforts have succeeded or failed. Findings include that progress has been mixed across sectors, regional economic communities and member states; with some notable progress in trade, communications, transport and macroeconomic policy. Overall however, substantial gaps remain between goals and achievements of most regional economic communities, particularly in terms of internal African trade, macroeconomic policy convergence, production and physical connectivity. A summary report is also available (ISBN 9211250927)

Policy Priorities for International Trade and Jobs

Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264180176
Total Pages : 450 pages
Book Rating : 4.2/5 (641 download)

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Book Synopsis Policy Priorities for International Trade and Jobs by : OECD

Download or read book Policy Priorities for International Trade and Jobs written by OECD and published by OECD Publishing. This book was released on 2012-05-23 with total page 450 pages. Available in PDF, EPUB and Kindle. Book excerpt: Launched and co-ordinated by the OECD, the International Collaborative Initiative on Trade and Employment (ICITE) is a two-year old joint undertaking of ten international organisations. This book brings together some of the results of ICITE's research.

Economic Development Policies in Resource-rich Countries

Author : Miguel Urrutia
Publisher : United Nations University Press
ISBN 13 : 9789280806755
Total Pages : 186 pages
Book Rating : 4.8/5 (67 download)

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Book Synopsis Economic Development Policies in Resource-rich Countries by : Miguel Urrutia

Download or read book Economic Development Policies in Resource-rich Countries written by Miguel Urrutia and published by United Nations University Press. This book was released on 1988 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Assessing Regional Integration in Africa V

Author :
Publisher : UN
ISBN 13 :
Total Pages : 166 pages
Book Rating : 4.:/5 (31 download)

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Book Synopsis Assessing Regional Integration in Africa V by :

Download or read book Assessing Regional Integration in Africa V written by and published by UN. This book was released on 2012 with total page 166 pages. Available in PDF, EPUB and Kindle. Book excerpt: The fifth of the series (ARIA/V) has come at a time of renewed enthusiasm for shortening the period of the vision of the Abuja Treaty. Its overall objective is to provide an analytical research publication that defines frameworks for African Governments, the African Union and the Regional Economic Communities, towards accelerating the establishment of the African Common Market through: the speedy removal of all tariff and non-tariff barriers, obstacles to free movement of people, investments and factors of production in general across Africa, and through fast-tracking the creation of an African continental Free Trade Area

The African Continental Free Trade Area: Potential Economic Impact and Challenges

Author : Mr.Lisandro Abrego
Publisher : International Monetary Fund
ISBN 13 : 1513542370
Total Pages : 41 pages
Book Rating : 4.5/5 (135 download)

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Book Synopsis The African Continental Free Trade Area: Potential Economic Impact and Challenges by : Mr.Lisandro Abrego

Download or read book The African Continental Free Trade Area: Potential Economic Impact and Challenges written by Mr.Lisandro Abrego and published by International Monetary Fund. This book was released on 2020-05-13 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political momentum towards Africa-wide free trade has been intensifying. In March 2018, over 40 countries signed the African Continental Free Trade Area (AfCFTA) agreement. Once fully implemented, the AfCFTA is expected to cover all 55 African countries, with a combined GDP of about US$2.2 trillion. This SDN takes stock of recent trade developments in Sub-Saharan Africa and assesses the potential benefits and costs of the AfCFTA, as well as challenges to its successful implementation. In addition to increased trade flows both in existing and new products, the AfCFTA has the potential to generate substantial economic benefits for African countries. These benefits include higher income arising from increased efficiency and productivity from improved resource allocation, higher cross-border investment flows, and technology transfers. Besides lowering import tariffs, to ensure these benefits, African countries will need reduce other trade barriers by making more efficient their customs procedures, reducing their wide infrastructure gaps, and improving their business climates. At the same time, policy measures should be taken to mitigate the differential impact of trade liberalization on certain groups as resources are reallocated in the economy and activities migrate to locations with comparatively lower costs.