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Economic Development in Africa Report 2013

Inter-African Trade - Unlocking Private Sector Dynamism

image of Economic Development in Africa Report 2013
This report argues that for African countries to reap developmental gains from intra-African trade and regional integration, they need to place the building of productive capacities and domestic entrepreneurship at the heart of the policy agenda for boosting intra-regional trade. It also analyzes the range of strategies and complementary policies that will be needed, besides trade policies, to ensure that regional integration enhances African enterprise development and economic development in general. It explores, among others, the role of national and regional industrial policy and the scope for developing regional development corridors. Lessons are drawn from other developmental regional experiences.

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Intra-African trade: unlocking private sector dynamism - main findings and recommendations

At the African Union summit held in January 2012, African leaders renewed their political commitment to boosting intra-African trade within the context of regional economic integration. The rationale for this renewed commitment ranges from the need to promote sustained growth and economic transformation to insulation of African economies from external shocks and seizing the growing opportunities for regional trade created by the recent economic growth in Africa and the rise of the middle class. In this context, increasing intra-African trade is regarded by African leaders as an important vehicle to boost growth, create jobs and promote economic development on the continent.

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