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Economic Development in Africa Report 2010

South-South Cooperation - Africa and the New Forms of Development Partnership

image of Economic Development in Africa Report 2010
The increasing role of large developing countries in global trade, finance, investment and governance, coupled with their rapid economic growth, has stimulated debate on the implications for Africa’s development. The Report examines recent trends in the economic relationships of Africa with other developing countries and the new forms of partnership that are animating those relationships. The report discusses the variety of institutional arrangements that are guiding and encouraging these new economic relationships. It provides up-to-date information on African trade with other developing countries outside Africa, as well as on official financial flows and foreign direct investment into Africa from those countries. It places the new relationships and multiplying partnerships within the context of South–South cooperation. Finally, it assesses important policy issues that arise from the new relationships in each of these areas.

English Chinese, French

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Introduction

The increasing role of large developing countries in global trade, finance, investment and governance, coupled with their rapid economic growth, has rekindled interest in South–South cooperation and stimulated debate on its implications for Africa’s development (Kaplinsky and Farooki, 2009; Kaplinsky and Messner, 2008; Wang and Bio-Tchane, 2008; Jobelius, 2007; Ajakaiye, 2006). It has also opened up opportunities for economic cooperation between Africa and other developing countries. Available data indicate that the share of non-African developing countries in Africa’s total merchandise trade increased from 8 per cent in 1980 to 29 per cent in 2008 and their share in inward foreign direct investment (FDI) flows to the region rose from an average of 12 per cent over the period 1995–1999 to 16 per cent over the period 2000–2008.

English Chinese, French

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