Wednesday, October 22, 2008

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the development el'Afrique analyzed by UNCTAD

-UNCTAD has also put online its report on the development of Africa and its position is changing: the liberalization did not know enough to ensure growth and development:

Economic Development in Africa 2008: Export Performance following Trade Liberalization: Some trends and prospects

The report this year is to review the export performance of Africa since trade liberalization in order to draw useful lessons for developing future business strategies and development. The main message that emerges is that the efforts for twenty five years by African countries in the area of trade liberalization have removed Most political obstacles that were considered the main obstacles to exports from these countries. Despite some progress in this area, the level and composition of Africa's exports have not substantially improved . African countries have not diversified their exports towards primary commodities and manufacturing goods more dynamic, which are less susceptible to the vagaries of international markets. Their share of world exports has actually declined from 6% in 1980 to 3% in 2007. Therefore, despite the strong growth in export earnings in recent years, Africa has yet to recover its lost market share. According to the report, the low adaptive capacity of supply is the main obstacle to the growth of African exports, which suggests that future export strategies should focus more on specific development areas to increase production for export.

The report on Economic Development in Africa provides some guidelines to help Africa to refocus its development priorities on the transformations structural order to increase supply capacity and adaptation of its exports. These proposals are underscored by the observation that export development requires more than trade liberalization and trade policy must be closely associated with the development policies of agricultural and industrial sectors complementary and clearly defined . The report highlights that macroeconomic and political stability and predictability of policy directions are prerequisites to the success of trade liberalization and policies sector development in Africa.

Posted by admin at 12:42 AM

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