Towards a selective trade policy framework for industrializing Africa

Africa’s growth continued to increase in 2014, though at a lower rate than previously estimated, surpassed only by the East and South Asia regions. Private consumption and gross capital formation continued to underpin growth, supported by improved governance and macroeconomic management, rapid urbanization (and a rising middle class), diversified trade and investment ties with emerging economies, and improved regional integration and trade partnerships.

Related Subject(s): Economic and Social Development