Economic Report on Africa 2007

Accelerating Africa’s Development through Diversification

image of Economic Report on Africa 2007

Profound changes are increasingly occurring in all areas of the world economy. While the industrialized and emerging economies are able to contain the multiple external and internal shocks generated by these changes, Africa on its part is still struggling to cope with them. The analyses reported in the present edition of the Report review the world economy and map out prospects for development in Africa through the institution of structural reforms to diversify and modernize the economy, enhance competitiveness, promote trade, accelerate growth and reduce poverty.



1 Developments in the World Economy and Implications for Africa

Developments in the world economy have important implications for African economies through various channels, including demand for African export commodities, the impact on the trade balance and the cost of external borrowing (via world interest rates). These developments are influenced by monetary, fiscal and trade policies adopted by major industrialized countries as well as by exogenous events such as oil price shocks.


This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error