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Books > Business & Economics > Economics > International economics > International trade
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The Evolution of Economic Development in Africa - African Trade, 1948-2017 (Paperback)
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The Evolution of Economic Development in Africa - African Trade, 1948-2017 (Paperback)
Series: Routledge Studies in Development Economics
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Within the theoretical framework of the trade-growth and structural
transformation-growth nexuses, the book examines the evolution of
African (goods and service) trade in terms of value and share of
global commerce relative to other regions during the period
1948-2017. It also identifies and discusses discernible changes in
the composition and structure of African exports and imports
between 1995 and 2015 and their implications for economic
development in Africa. The study attributes Africa's laggard trade
performance during the period primarily to sub-optimal
macroeconomic policies and lack of bold export development policies
and initiatives, among other factors. It also offers an incisive
discussion of several inhibitions to the structural transformation
of African exports and imports, including lack of finance,
globalization, tariff, and non-tariff measures in global markets.
The discussion of the evolution of African trade during the period
1948-2017 based on statistics and publications of international
organizations, including the UNCTAD, the World Bank, and the
African Development Bank, among others, is the first of its kind in
terms of scope and depth of review of African trade. The analyses
of cross-border trade during 1948-2017 and their implications for
Africa's economic development prospects constitute a useful
reference material for academics and students of African and
development studies and African and international policymakers.
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