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

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

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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
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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