Francis K. Mbroh
Evolution of Economic Development in Africa: African Trade, 1948-2017
Evolution of Economic Development in Africa: African Trade, 1948-2017
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The book examines the evolution of African (goods and services) trade in value and share of global commerce, identifies changes in composition and structure, and discusses impediments to structural transformation. It offers a comprehensive review of African trade based on statistics and publications of international organizations.
Format: Hardback
Length: 412 pages
Publication date: 12 July 2021
Publisher: Taylor & Francis Ltd
The book delves into the intricate dynamics of African (goods and services) trade within the framework of the trade-growth and structural transformation-growth nexuses,spanning a period from 1948 to 2017. It conducts a comprehensive examination of the evolution of African trade in terms of value and share in global commerce compared to other regions. Furthermore, it identifies and explores notable shifts in the composition and structure of African exports and imports between 1995 and 2015, shedding light on their potential implications for economic development across the continent.
The study attributes Africa's relatively sluggish trade performance during this period to a combination of sub-optimal macroeconomic policies, a lack of bold export development policies, and various other factors. It also provides a thought-provoking analysis of several impediments to the structural transformation of African exports and imports, encompassing issues such as limited finance, globalization, tariffs, and non-tariff measures in global markets.
The discussion of the evolution of African trade during 1948–2017, based on extensive statistics and publications from international organizations such as the United Nations Conference on Trade and Development (UNCTAD), the World Bank, and the African Development Bank, among others, stands as a pioneering effort in terms of its scope and depth of review. The analyses of cross-border trade during this period and their implications for Africa's economic development prospects serve as valuable reference materials for academics, students, and policymakers engaged in African and development studies, as well as African and international policymakers.
Weight: 798g
Dimension: 161 x 242 x 32 (mm)
ISBN-13: 9780367749200
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