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This study provides an empirical review of the role of governments, the private sector, regional economic institutions and the broader international community in driving economic diversification.
Book Synopsis Economic Diversification in Africa A Review of Selected Countries by : OECD
Download or read book Economic Diversification in Africa A Review of Selected Countries written by OECD and published by OECD Publishing. This book was released on 2011-04-06 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides an empirical review of the role of governments, the private sector, regional economic institutions and the broader international community in driving economic diversification.
This book presents a coherent framework for assessing economic policy making in developing countries, with special reference to those in Africa. The chapters focus on policy making issues in three critical areas that are of major importance in the African context: capacity building for domestic resource mobilization; regional integration in Africa and intra-regional trade; and export diversification of individual African countries. Although applying economic theory as well as using case studies and empirical evidence from the economics literature, the book is written in a way that makes the core ideas accessible even to readers without advanced knowledge of the technical economics involved. Economic Diversification and Growth in Africa is a timely study which demonstrates how developing countries in Africa can improve their policy making strategies to diversify their economies and accelerate economic development.
Book Synopsis Economic Diversification and Growth in Africa by : Omotunde E. G. Johnson
Download or read book Economic Diversification and Growth in Africa written by Omotunde E. G. Johnson and published by Springer. This book was released on 2016-06-18 with total page 129 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents a coherent framework for assessing economic policy making in developing countries, with special reference to those in Africa. The chapters focus on policy making issues in three critical areas that are of major importance in the African context: capacity building for domestic resource mobilization; regional integration in Africa and intra-regional trade; and export diversification of individual African countries. Although applying economic theory as well as using case studies and empirical evidence from the economics literature, the book is written in a way that makes the core ideas accessible even to readers without advanced knowledge of the technical economics involved. Economic Diversification and Growth in Africa is a timely study which demonstrates how developing countries in Africa can improve their policy making strategies to diversify their economies and accelerate economic development.
Economic diversification entails a shift away from a single income source toward multiple income sources from an increasing spectrum of sectors and markets. A persistent concern for some Asian and African economies is their reliance on commodity exports and how they are exposed to the risk of export volatility and income instability. The Covid-19 pandemic and previous oil crashes have demonstrated the adverse impact on such economies. This book provides a systemic analysis of sustainable economic development through economic diversification. The book analyzes diversification and development experiences from comparative perspectives of Asia and Africa. It also investigates determinants of export diversification differentiated by commodities-dependence versus manufactured products and looks at the roles of various institutions and governance of institutions in export diversification. This book will provide policy insights into how different degrees of specialisation in exports across countries have affected outcomes in terms of living standards, economic growth and employment.
Book Synopsis Industrialization and Economic Diversification by : Banji Oyelaran-Oyeyinka
Download or read book Industrialization and Economic Diversification written by Banji Oyelaran-Oyeyinka and published by Routledge. This book was released on 2022-04-14 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic diversification entails a shift away from a single income source toward multiple income sources from an increasing spectrum of sectors and markets. A persistent concern for some Asian and African economies is their reliance on commodity exports and how they are exposed to the risk of export volatility and income instability. The Covid-19 pandemic and previous oil crashes have demonstrated the adverse impact on such economies. This book provides a systemic analysis of sustainable economic development through economic diversification. The book analyzes diversification and development experiences from comparative perspectives of Asia and Africa. It also investigates determinants of export diversification differentiated by commodities-dependence versus manufactured products and looks at the roles of various institutions and governance of institutions in export diversification. This book will provide policy insights into how different degrees of specialisation in exports across countries have affected outcomes in terms of living standards, economic growth and employment.
Botswana is a major producer of the world’s diamonds and has been a pacesetter for beneficiation in the country. All mineral resources are finite: Botswana is working towards diversifying the economy before the diamonds run out. As one of the most stable and prosperous countries in Africa, Botswana sets an example to follow. This book gives a practical review of topical issues and the roles of government, the private sector, economic institutions and the international community in driving economic diversification. It highlights challenges faced by many small open economies in Africa as they search for new engines of growth.
Book Synopsis Economic Diversification in Africa by : Imogen Mogotsi
Download or read book Economic Diversification in Africa written by Imogen Mogotsi and published by African Books Collective. This book was released on 2023-08-29 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Botswana is a major producer of the world’s diamonds and has been a pacesetter for beneficiation in the country. All mineral resources are finite: Botswana is working towards diversifying the economy before the diamonds run out. As one of the most stable and prosperous countries in Africa, Botswana sets an example to follow. This book gives a practical review of topical issues and the roles of government, the private sector, economic institutions and the international community in driving economic diversification. It highlights challenges faced by many small open economies in Africa as they search for new engines of growth.
This study provides an empirical review of the role of governments, the private sector, regional economic institutions and the broader international community in driving economic diversification.
Book Synopsis Economic Diversification in Africa A Review of Selected Countries by : OECD
Download or read book Economic Diversification in Africa A Review of Selected Countries written by OECD and published by OECD Publishing. This book was released on 2011-05-03 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study provides an empirical review of the role of governments, the private sector, regional economic institutions and the broader international community in driving economic diversification.
Nigeria has for long been regarded as the poster child for the 'curse' of oil wealth. Yet despite this, Nigeria achieved strong economic growth for over a decade in the 21st century, driven largely by policy reforms in non-oil sectors. This open access book argues that Nigeria's major development challenge is not the 'oil curse', but rather one of achieving economic diversification beyond oil, subsistence agriculture, informal activities, and across its subnational entities. Through analysis drawing on economic data, policy documents, and interviews, Usman argues that Nigeria's challenge of economic diversification is situated within the political setting of an unstable distribution of power among individual, group, and institutional actors. Since the turn of the century, policymaking by successive Nigerian governments has, despite superficial partisan differences, been oriented towards short-term crisis management of macroeconomic stabilization, restoring growth and selective public sector reforms. To diversify Nigeria's economy, this book argues that successive governments must reorient towards a consistent focus on pro-productivity and pro-poor policies, alongside comprehensive civil service and security sector overhaul. These policy priorities, Nigeria's ruling elites are belatedly acknowledging, are crucial to achieving economic transformation; a policy shift that requires a confrontation with the roots of perpetual political crisis, and an attempt to stabilize the balance of power towards equity and inclusion. The eBook editions of this book are available open access under a CC BY-NC-ND 4.0 licence on bloomsburycollections.com. Open access was funded by The Carnegie Endowment for International Peace.
Book Synopsis Economic Diversification in Nigeria by : Zainab Usman
Download or read book Economic Diversification in Nigeria written by Zainab Usman and published by Zed Books. This book was released on 2023-12-28 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nigeria has for long been regarded as the poster child for the 'curse' of oil wealth. Yet despite this, Nigeria achieved strong economic growth for over a decade in the 21st century, driven largely by policy reforms in non-oil sectors. This open access book argues that Nigeria's major development challenge is not the 'oil curse', but rather one of achieving economic diversification beyond oil, subsistence agriculture, informal activities, and across its subnational entities. Through analysis drawing on economic data, policy documents, and interviews, Usman argues that Nigeria's challenge of economic diversification is situated within the political setting of an unstable distribution of power among individual, group, and institutional actors. Since the turn of the century, policymaking by successive Nigerian governments has, despite superficial partisan differences, been oriented towards short-term crisis management of macroeconomic stabilization, restoring growth and selective public sector reforms. To diversify Nigeria's economy, this book argues that successive governments must reorient towards a consistent focus on pro-productivity and pro-poor policies, alongside comprehensive civil service and security sector overhaul. These policy priorities, Nigeria's ruling elites are belatedly acknowledging, are crucial to achieving economic transformation; a policy shift that requires a confrontation with the roots of perpetual political crisis, and an attempt to stabilize the balance of power towards equity and inclusion. The eBook editions of this book are available open access under a CC BY-NC-ND 4.0 licence on bloomsburycollections.com. Open access was funded by The Carnegie Endowment for International Peace.
In recent years, concerns about the outcomes and nature of economic growth have given way to a new emphasis on its quality. This volume brings together prominent international contributors to consider a range of interrelated questions concerning the quality of growth in Africa, with a primary focus on sub-Saharan countries. Contributors discuss the measurement of growth, the transformations necessary to sustain it, and issues around equity and well-being. They consider topics such as the distribution of income gains from growth; the extent to which economic growth has resulted in improvements in employment, poverty, and security; structural transformations of the economy and diversification of the sources of growth; environmental sustainability; and management of urbanization. Offering both diagnoses and prescriptions, The Quality of Growth in Africa helps envision a future that goes beyond increasing GDP to ensuring that growth translates into advancements in well-being. Although the book focuses on sub-Saharan Africa, much of the contributors’ incisive analysis has implications for countries outside the region.
Book Synopsis The Quality of Growth in Africa by : Akbar Noman
Download or read book The Quality of Growth in Africa written by Akbar Noman and published by Columbia University Press. This book was released on 2019-08-20 with total page 445 pages. Available in PDF, EPUB and Kindle. Book excerpt: In recent years, concerns about the outcomes and nature of economic growth have given way to a new emphasis on its quality. This volume brings together prominent international contributors to consider a range of interrelated questions concerning the quality of growth in Africa, with a primary focus on sub-Saharan countries. Contributors discuss the measurement of growth, the transformations necessary to sustain it, and issues around equity and well-being. They consider topics such as the distribution of income gains from growth; the extent to which economic growth has resulted in improvements in employment, poverty, and security; structural transformations of the economy and diversification of the sources of growth; environmental sustainability; and management of urbanization. Offering both diagnoses and prescriptions, The Quality of Growth in Africa helps envision a future that goes beyond increasing GDP to ensuring that growth translates into advancements in well-being. Although the book focuses on sub-Saharan Africa, much of the contributors’ incisive analysis has implications for countries outside the region.
Africa welcomes business investment and offers some of the world's highest returns and impacts Africa has tremendous economic potential and offers rewarding opportunities for global businesses looking for new markets and long-term investments with favorable returns. Africa has been one of the world's fastest-growing regions over the past decade, and by 2030 will be home to nearly 1.7 billion people and an estimated $6.7 trillion worth of consumer and business spending. Increased political stability in recent years and improving regional integration are making market access easier, and business expansion will generate jobs for women and youth, who represent the vast majority of the population. Current economic growth and poverty-alleviation efforts mean that more than 43 percent of the continent's people will reach middle- or upper-class status by 2030. Unlocking Africa's Business Potential examines business opportunities in the eight sectors with the highest potential returns on private investment—the same sectors that will foster economic growth and diversification, job creation, and improved general welfare. These sectors include: consumer markets, agriculture and agriprocessing, information and communication technology, manufacturing, oil and gas, tourism, banking, and infrastructure and construction. The book's analysis of these sectors is based on case studies that identify specific opportunities for investment and growth, along with long-term market projections to inform decision-making. The book identifies potential risks to business and offers mitigation strategies. It also provides policymakers with solutions to attract new business investments, including how to remove barriers to business and accelerate development of the private sector.
Book Synopsis Unlocking Africa's Business Potential by : Landry Signe
Download or read book Unlocking Africa's Business Potential written by Landry Signe and published by Brookings Institution Press. This book was released on 2020-04-07 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa welcomes business investment and offers some of the world's highest returns and impacts Africa has tremendous economic potential and offers rewarding opportunities for global businesses looking for new markets and long-term investments with favorable returns. Africa has been one of the world's fastest-growing regions over the past decade, and by 2030 will be home to nearly 1.7 billion people and an estimated $6.7 trillion worth of consumer and business spending. Increased political stability in recent years and improving regional integration are making market access easier, and business expansion will generate jobs for women and youth, who represent the vast majority of the population. Current economic growth and poverty-alleviation efforts mean that more than 43 percent of the continent's people will reach middle- or upper-class status by 2030. Unlocking Africa's Business Potential examines business opportunities in the eight sectors with the highest potential returns on private investment—the same sectors that will foster economic growth and diversification, job creation, and improved general welfare. These sectors include: consumer markets, agriculture and agriprocessing, information and communication technology, manufacturing, oil and gas, tourism, banking, and infrastructure and construction. The book's analysis of these sectors is based on case studies that identify specific opportunities for investment and growth, along with long-term market projections to inform decision-making. The book identifies potential risks to business and offers mitigation strategies. It also provides policymakers with solutions to attract new business investments, including how to remove barriers to business and accelerate development of the private sector.
A study prepared by the United Nations University World Institute for Development Economics Research (UNU-WIDER)
Book Synopsis Industries Without Smokestacks by : Richard S. Newfarmer
Download or read book Industries Without Smokestacks written by Richard S. Newfarmer and published by Oxford University Press. This book was released on 2018 with total page 472 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study prepared by the United Nations University World Institute for Development Economics Research (UNU-WIDER)
This publication is the 8th in an annual series that reviews the continent's economic performance and near-term prospects. This report examines the recent trends and prospects. African economies continue to sustain the growth momentum of previous years, recording an overall real GDP growth rate of 5.7 per cent in 2006 compared to 5.3 per cent in 2005 and 5.2 per cent in 2004. As many as 28 countries recorded improvements in growth in 2006, relative to 2005. Only Zimbabwe recorded a negative growth rate in 2006. Africa's growth performance in 2006, as in previous years, was underpinned by improvement in macroeconomic management in many countries, and strong global demand for key African export commodities, sustaining high export prices, especially for crude oil, metals and minerals. But the growth rates still fall short of the levels required to achieve the Millennium Development Goals by 2015. The continent faces the challenge of both accelerating growth and sustaining growth rates over an extended period. African countries need to sustain reforms to macroeconomic stability and improve the domestic investment climate to promote private sector activity. They also need to design strategies for diversification of their product and export base as a means of increasing growth and sustaining the growth momentum. The second part of the report looks at diversification trends, and suggests policies for achieving diversification.
Book Synopsis Economic Report on Africa 2007 by : United Nations. Economic Commission for Africa
Download or read book Economic Report on Africa 2007 written by United Nations. Economic Commission for Africa and published by UNECAF. This book was released on 2007 with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication is the 8th in an annual series that reviews the continent's economic performance and near-term prospects. This report examines the recent trends and prospects. African economies continue to sustain the growth momentum of previous years, recording an overall real GDP growth rate of 5.7 per cent in 2006 compared to 5.3 per cent in 2005 and 5.2 per cent in 2004. As many as 28 countries recorded improvements in growth in 2006, relative to 2005. Only Zimbabwe recorded a negative growth rate in 2006. Africa's growth performance in 2006, as in previous years, was underpinned by improvement in macroeconomic management in many countries, and strong global demand for key African export commodities, sustaining high export prices, especially for crude oil, metals and minerals. But the growth rates still fall short of the levels required to achieve the Millennium Development Goals by 2015. The continent faces the challenge of both accelerating growth and sustaining growth rates over an extended period. African countries need to sustain reforms to macroeconomic stability and improve the domestic investment climate to promote private sector activity. They also need to design strategies for diversification of their product and export base as a means of increasing growth and sustaining the growth momentum. The second part of the report looks at diversification trends, and suggests policies for achieving diversification.
