HUB FACT SHEETS, INFOGRAPHICS & SUCCESS STORIES Trade & Investment News Read Our Blog Newsletters

African trade policies have to match its industrialization imperative

Published on April 17, 2015

While the last 15 years have seen relatively high levels of growth driven by a commodity super-cycle and strong internal demand from a growing middle class, Africa is still dependent on commodities for most of its export earnings. There is now broad consensus that, without diversified economies, Africa will remain prone to exogenous shocks and trapped in the paradox of high growth rates, coexisting with high levels of unemployment and extreme poverty. It is for this reason that the last four issues of the Economic Report for Africa have investigated the fundamental policy questions and challenges facing the transformation process and endeavored to shed light on, and bring coherence to, policy priorities at national, regional and continental levels. Read more Source| United Nations Economic Commission for Africa