Harnessing globalization to create decent jobs and reduce poverty

Globalization has created hundreds of millions of new jobs—mostly in developing countries, relatively few in Africa. Yet, Africa’s markets are integrated in the global economy. Although its shares in both world trade and FDI are 2 per cent of the global total, its shares of trade and FDI in GDP are in the same range as in other regions or even higher. The continent is already affected by the current wave of globalization that is driven by lower transport and communication costs, liberalized markets for goods, services and capital and faster technical change.

Sustainable Development Goals:

Decent Work and Economic Growth

Reduced Inequalities

Partnerships for the Goals