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Why is there so little industry in Africa? Over the past forty years, industry has moved from the developed to the developing world, yet Africa’s share of global manufacturing has fallen from about 3 percent in 1970 to less than 2 percent in 2014. Industry is important to low-income countries. It is good for economic growth, job creation, and poverty reduction. Made in Africa: Learning to Compete in Industry outlines a new strategy to help African industry compete in global markets. This book draws on case studies and econometric and qualitative research from Africa and emerging Asia to understand what drives firm-level competitiveness in low-income countries. The results show that while traditional concerns such as infrastructure, skills, and the regulatory environment are important, they alone will not be sufficient for Africa to industrialize. The book also addresses how industrialization strategies will need to adapt to the region’s growing resource abundance.
The African Development Bank and OECD's annual assessment and projections for the African economies, now covering 35 countries.
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.
This publication examines global energy trends and sets out projections for supply and demand of oil, gas, coal and power sectors. It then goes on to present an alternative policy scenario which considers the energy challenges we need to address to secure a sustainable energy future, identifies priority areas for action and key instruments, and measures both the costs and cost-effectiveness of alternative policies. Other issues discussed include: the impact of higher energy prices, current trends in oil and gas investment, the prospects for nuclear power, the outlook for biofuels, energy for cooking in developing countries, and an in-depth study of the energy sector in Brazil.
The 2017 Economic Report on Africa focuses on the linkages between industrialization and urbanization. Urbanization is one of Africa mega trends with profound implications for the social, economic, environmental dimensions of growth and transformation. Theory and experience demonstrate that industrialization and urbanization can be mutually reinforcing processes. It is therefore imperative to explore the linkages between urbanization and industrialization given the profound implications for structural transformation in Africa. So far, current policy narratives and frameworks on structural transformation and industrialization in Africa have largely failed to factor in the spatial and urban dimensions of industrialization, and in particular the advantages presented by productivity enhancement and agglomeration effects generated by cities. Yet, the nexus between urbanization and industrialization is of particular relevance for Agenda 2063 and the 2030 Agenda on Sustainable Development. Both agendas recognize urbanization as a critical factor for sustainable development. It is also important to consider urbanization and industrialization in light of Africa's engagement with the Third United Nations Conference on Housing and Sustainable Urban Development (Habitat III) to be held in Quito, Ecuador in October 2016. In this context, African policy makers have clearly recognized urbanization as an engine of structural transformation for inclusive and sustainable growth.
A fact-filled reference book containing the latest economic information for most of the countries of Africa.
The African Economic Outlook presents a broad, insightful picture of the economies of Africa that includes macroeconomic projections, country reports, and a statistical annex. This edition highlights transport infrastructure issues.
The African Economic Outlook is an annual review of the recent economic situation and the likely short-term evolution of selected African countries. It is drawn from a country-by-country analysis based on a unique analytical design.
The African Economic Outlook 2009 Country Notes volumes review the recent economic situation and predict the short-term evolution of 47 African countries.