This book provides a thorough and rigorous discussion on the impact
of trade liberalisation on economic development with a special
focus on the African continent. The author presents the rationale
for trade liberalisation, trade liberalisation frameworks, the
trade liberalisation economic development nexus, impediments to
trade, and contemporary issues of international trade. In this
book, notwithstanding the benefits from trade liberalisation, the
author shows that African trade as a share of global trade has
remained flat at 3% as in 1975, while the continent's exports have
remained raw materials and its intra-regional trade at less than
15% of total trade, which is the lowest in the world (UNCTAD,
2020). With respect to key economic development indicators such as
economic growth, poverty levels, and employment levels, this book
shows that, ironically and in direct contrast with the conventional
views that trade liberalisation alleviates poverty, trade
liberalisation in Africa has resulted in high levels of
unemployment and low economic growth which ultimately lead to
increased poverty. In addition, this book provides a detailed
analysis of why trade liberalisation has failed to yield meaningful
benefits to Africa. The binding constraints and blockages which
prevent positive spin-offs on trade liberalisation in Africa are
discussed in detail in this book. In the same vein, the author
provides practical strategies which must be adopted by African
countries in order to gain from trade liberalisation, making this
work a must-read for African governments, academia, trade experts,
regional trading blocs, the World Trade Organization, and
development partners. In view of this, and as part of the
disruptive and structural transformation policies, the author
discusses case studies and international experience contextualised
to Africa as well as strategies for addressing the trade-related
infrastructure gap, production capacities, export promotion, and
aid for trade.
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