25 June 09 - The 2009 report
Economic Development in Africa presents an economic analysis of various regional integration initiatives in Africa that would strengthen national and regional economic performance. It complements existing political analyses on institutional developments of regional integration in the continent.
The report surveys recent trends in the areas of trade (goods and services), foreign direct investment and labour mobility/migration within Africa, and assesses various policy measures to increase activities in these areas.
The report finds that:
The African continent remains by and large marginalized in the world economy, with over half of its population living under US$1 a day per person. If the major Millennium Development Goal of reducing poverty by half by the year 2015 is to be achieved in Africa, major policy shifts are required, at national and international levels, to boost growth and development in the region.
UNCTAD, through its analysis of African socio-economic issues, aims to increase global understanding of the development problems of the continent and to promote action at national, regional and international levels to accelerate African development and allow a fuller participation and integration of African countries into the world economy.
To that end, UNCTAD cooperates with relevant regional and international organizations. It also contributes to the New Partnership for Africa´s development (NEPAD) - in particular its cluster on agriculture, market access and diversification - and participates in the annual regional consultations of UN agencies working in Africa.
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| Development of Africa
The African continent remains by and large marginalized in the world economy, with over half of its population living under US$1 a day per person. If the major Millennium Development Goal of reducing poverty by half by the year 2015 is to be achieved in Africa, major policy shifts are required, at national and international levels, to boost growth and development in the region.
UNCTAD, through its analysis of African socio-economic issues, aims to increase global understanding of the development problems of the continent and to promote action at national, regional and international levels to accelerate African development and allow a fuller participation and integration of African countries into the world economy.
To that end, UNCTAD cooperates with relevant regional and international organizations. It also contributes to the New Partnership for Africa´s development (NEPAD) - in particular its cluster on agriculture, market access and diversification - and participates in the annual regional consultations of UN agencies working in Africa. | | NEWS |
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25 June 09 - The 2009 report Economic Development in Africa presents an economic analysis of various regional integration initiatives in Africa that would strengthen national and regional economic performance. It complements existing political analyses on institutional developments of regional integration in the continent. The report surveys recent trends in the areas of trade (goods and services), foreign direct investment and labour mobility/migration within Africa, and assesses various policy measures to increase activities in these areas. The report finds that:
- Integration initiatives can be extremely beneficial to all countries involved when they are designed and implemented in the context of a broad development strategy shared by regional groups;
- Such a development policy should provide specific provisions that are aimed at promoting economic diversification, structural changes and technological development;
- Regional integration can help enhance productive capacities of countries that take advantage of economies of scale, thereby enhancing international competitiveness; and thus
- Regional integration can serve as a launching pad for African countries´ effective participation in the global economy.
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