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African Economic Outlook 2014
Global Value Chains and Africa's Industrialisation
OECD, African Development Bank, United Nations Development Programme. Published by : OECD Publishing , Publication date:  10 Jun 2014
Pages: 316 , Language: English
Version: Print (Paperback) + PDF
ISBN: 9789264209404 , OECD Code: 412014011P1
Price:   €65 | $91 | £59 | ¥8400 | MXN1170 , Standard shipping included!
Availability: Available
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Other languages:  Portuguese (Available) French (Available)
Other Versions:  E-book - PDF Format
Multilingual summaries:  English, French, Portuguese, Chinese, Italian, Spanish

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Imprint:  OECD Development Centre Frequency: Annual  


The African Economic Outlook 2014 analyses the continent’s growing role in the world economy and predicts two-year macroeconomic prospects. It details the performance of African economies in crucial areas: growth, financing, trade policies and regional integration, human development, and governance.

Country notes now cover all 54 African countries. They summarise recent economic growth, forecast gross domestic product for 2014 and 2015, and highlight the main policy issues facing each country. A statistical annex compares country-specific economic, social and political variables.

Table of contents:

Executive summary 17
Chapter 1. Macroeconomic prospects for Africa 21
-In brief  22
-Africa’s growth is expected to pick up 22
-Growth becomes more broadly based 24
-West and East Africa remain the fastest growing regions 31
-Commodity prices have further eased 34
-Inflation has declined but not everywhere 36
-Monetary policy has tightened in countries where currencies weakened 36
-Fiscal policy stances differ between countries 37
-Current account deficits remain high in oil-importing countries 38
-African economies face various risks and policy challenges 41
-Annex 1.1. Assumptions about the global economy 43
-References 45
Chapter 2. External financial flows and tax revenues for Africa 47
-In brief  48
-While external financial flows have been slow, they are expected to increase in the near future 48
-Foreign investment is increasingly important to Africa’s development 51
-Remittances are the largest single external flow to Africa 58
-Official development assistance to Africa remains resilient 61
-Tax revenues in Africa continue to increase 64
-References 71
Chapter 3. Trade policies and regional integration in Africa 73
-In brief 74
-Africa bids to keep pace with world trade growth 74
-Commodities maintain dominance of Africa’s surging trade 75
-Africa is the world’s fastest growing but least globally integrated continent 78
-Crossing borders tests African commitment to integration 78
-Infrastructure and services can improve African participation in global value chains 82
-Regional groups are beginning to take initiatives on industrialisation and value chains 84
-Africa’s dynamic products create global value 87
-References 88
Chapter 4. Human development in Africa 89
-In brief 90
-Human development in Africa is on the rise 90
-Inclusion, gender equality and environmental sustainability are on Africa’s agenda 94
-Value chains can improve or damage human development 98
-References 103
Chapter 5. Political and economic governance in Africa 105
-In brief 106
-Democratic governance in Africa is uneven yet steadily progressing 106
-Civil tensions are driven by citizens’ political and economic aspirations 110
-Armed conflicts face stronger regional and international responses 114
-Economic governance shows progress since 2000 115
-The fight against illicit capital outflows and promising initiatives in the mining sector could go a long way towards inclusive and sustainable growth 117
-References 119
Chapter 6. Global value chains in Africa: Potential and evidence 123
-In brief 124
-Global value chains allow for growing opportunities 125
-Measurements show increasing participation in global value chains, with regional variations, due largely to the manufacturing sector 133
-Export and productivity growth has been easier to achieve than employment growth 144
-References 152
Chapter 7.  How ready is Africa for global value chains: A sector perspective 155
-In brief 156
-Africa has attractive endowments but domestic productive capacity and infrastructure are holding it back 156
-Governance and openness to linkages determine opportunities for integrating into and upgrading in value chains 159
-Agriculture, manufacturing and services value chains offer upgrading opportunities in Africa 162
-Upgrading in agricultural value chains requires new product varieties, shortening the distance to consumers and shortening the distance to consumers and boosting small holder capacity 163
-Successful upgrading in manufacturing value chains depends on local capacity, domestic and regional markets, knowledge transfer and openness to imports 168
-Service value chains offer easier integration and provide crucial support for global value chain operations in Africa 173
-References 177
Chapter 8. What policies for global value chains in Africa? 181
-In brief 182
-Five key considerations must guide policies for global value chains 182
-A four-step framework can help formulate effective and targeted policies 184
-Having a good infrastructure and business environment is fundamental for integrating into and upgrading in global value chains 185
-African countries should further develop regional integration and increase openness to trade 186
-African countries must boost their capacity to respond to global value chains 187
-Global value chain participation and upgrading require partnerships with international lead firms 191
-To ensure inclusiveness and sustainability, global value chain policies must be based on a strong social and environmental framework 193
-References 196
-Algeria 200
-Angola 201
-Benin 202
-Botswana 203
-Burkina Faso 204
-Burundi 205
-Cabo Verde 206
-Cameroon 207
-Central African Republic 208
-Chad 209
-Comoros 210
-Congo, Democratic Republic of 211
-Congo, Republic of 212
-Côte d'Ivoire 213
-Djibouti 214
-Egypt 215
-Equatorial Guinea 216
-Eritrea 217
-Ethiopia 218
-Gabon 219
-Gambia 220
-Ghana 221
-Guinea 222
-Guinea Bissau 223
-Kenya 224
-Lesotho 225
-Liberia 226
-Libya 227
-Madagascar 228
-Malawi 229
-Mali 230
-Mauritania 231
-Mauritius 232
-Morocco 233
-Mozambique 234
-Namibia 235
-Niger 236
-Nigeria 237
-Rwanda 239
-Sæ#163;o Tomé and Príncipe 240
-Senegal 241
-Seychelles 242
-Sierra Leone 243
-Somalia 244
-South Africa 245
-South Sudan 246
-Sudan 247
-Swaziland 248
-Tanzania 249
-Togo 251
-Tunisia 252
-Uganda 253
-Zambia 254
-Zimbabwe 255
Statistical annex 257
Methodology 259
Annex tables 264

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