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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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Executive summary

Africa’s growth continued to increase rising from 3.7 per cent in 2013 to 3.9 per cent in 2014. The performance was underpinned by improved macroeconomic management, diversified trade and investment ties with emerging economies among other factors. Africa’s social development indicators reveal the weakness of the observed economic performance: high unemployment and poverty coexisting with robust growth. This is a paradox.

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