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Selected Current and Emerging Development Issues in Africa in 2010

This chapter discuss es selected current and emerging development challenges facing Africa in 2010, focusing on international trade, financing for development and the green economy. In trade, Africa experienced huge falls in 2009, largely parallel with that of global trade. There were signs of recovery in 2010 but they were slow and uncertain. Looking more closely into the micro structure of Africa’s trade, trade in services demonstrated stronger resistance against external global shocks, in sharp contrast to vulnerable merchandise trade. Swiftly growing cooperation between Africa and the main emerging economies also helped offset some of the trade impact due to decreased global demand. These signs reflect the potential that international trade holds for Africa.

Related Subject(s): Economic and Social Development
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