Can Africa Develop through Trade in the Current Global Economy ...

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Informations

• Publié par: yrixujaw
• Nombre de lectures: 161
• Langue: English

Extrait

Can Africa Develop through Trade in the Current Global Economy with Large Trading Blocks?   By  Aloysius Ajab AMIN IDEP. Dakar, Senegal Tharcisse NTILIVAMUNDA IDEP, Dakar, Senegal Mouhamadou Bamba DIOP Forecast and Economic Studies Directorate Ministry of Economic and Finance, Senegal

       PRESENTED WITHIN THE CONFERENCE ON SECTOR-LED GROWTH IN AFRICA AND IMPLICATIONS FOR DEVELOPMENT  Organized by:  The UN African Institute for Economic Development and Planning (IDEP) And The African Finance and Economic Association (AFEA)  Funded and Hosted by:  The UN African Institute for Economic Development and Planning (IDEP) November 7-9, 2007, Dakar – Senegal

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Abstract:

 W ith i t s hu g e re s our ces ,  Afric a i s  a  gr e at  em e rg i n g  m a rke t  but  f ac e s  w e l l devel o p ed  la r g e  tr a d i n g b l o c k s. U si n g se ts of pane l  da ta,  w it h  q ua nt itat i v e m et h o d  us i n g  F M O LS  t e c h n i que s , t h e pap er e x amin e s  th e  na t ur e  of c o mmodit i e s tr aded  b y  Af r ican  c ount r i es  an d  t h e  ef f ect  of  such  t ra de  o n t h e i r econom i e s . The  ou t c ome s how s t h a t w itho ut  f undam ent a l  a nd  r api d  s t r u ct ural  ch an g e s i n i t s  t radab le c o mm od i ti e s,  the ex por t -l e d  gro w t h  s t r at e g y  i n  t h e  lo ng  r u n  m a y  r e su l t  to  A f ri c a ‘ i mm i s erizin g gr owt h ’ .  The  pape r  c on clude s w i t h  f ar  r e s ear chi n g  pol i cy  i m p l i c a t i o n s .

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