Economic Report on Africa 2015

Industrializing Through Trade

image of Economic Report on Africa 2015
This report examines and provides analysis on the critical elements of effectively fostering industrialisation and hence structural transformation based on extensive review of experience with industrialised countries and Africa’s post-independence attempt at industrialisation. Ten country case studies were also conducted to shed light on industrialising through trade. The findings from this exercise inform the policy recommendations contained in this report.

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Africa’s recent growth performance only reinforces the call for urgent structural transformation. The continent’s strong growth is projected to continue in the medium-term due to increasing domestic demand, driven mainly by the rising middle class, improving regional business environment and macroeconomic management, increasing public investment, especially in infrastructure, a buoyant services sector and robust trade and investment ties with emerging economies.

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