1945

Natural resources and production

Africa is well endowed with natural resources—including fertile soils, large water resources, and rich mineral deposits. These resources have anchored national development efforts and been a focus of regional integration efforts. But with discredited import substitution strategies (which rely on the production of raw materials and minerals) and intensified global competition, more emphasis is being placed on knowledge-based production and less on Africa’s traditional comparative advantages.

Related Subject(s): International Trade and Finance
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