Описание: Providing the first book-length analysis of the African Continental Free Trade Area (AfCFTA), this volume asks how can it be ensured that the AfCFTA is effectively implemented to deliver inclusive trade in Africa.
Описание: This publication estimates that the global cost of health damages associated with exposure to air pollution is $8.1 trillion, equivalent to 6.1 percent of global GDP. It further develops the evidence base for air-quality management through up-to-date estimates of air pollution`s global economic costs.
Описание: The advent of the African Continental Free Trade Area (AfCFTA) represents a historic opportunity for the continent to boost intra-African trade and accelerate structural transformation. However, this relies on a critical policy instrument: the effective implementation of preferential trade liberalization among the AfCFTA members. Whether in practice African firms will utilize tariff preferences under the AfCFTA depends on a critical factor: rules of origin (RoO) and the net benefits of complying with them. The Economic Development in Africa Report 2019 argues for the adoption of flexible RoO and a strengthening of institutional capacities to ensure an impartial, transparent, predictable, consistent and neutral implementation of agreed RoO.
Описание: The 2019 edition of the Economic Report on Africa explores the intricate terrain of revenue collection on the continent and makes salient recommendations to help African countries attain the SDGs and the aspirations of Agenda 2063 by expanding their fiscal space and how. It identifies several quick wins in Africa’s pursuit of additional fiscal space to finance achievement of the SDGs and the aspirations of Agenda 2063. The Report calls on African countries to stabilize the macroeconomic environment, it advises against using competitive tax breaks for attracting international companies, and calls on African countries and their global partners to muster external public and private resources, at the same time, urges countries to pay attention to debt sustainability issues.
Описание: The report applies a poverty-vulnerability-resilience framework to examine the impact of COVID-19 on household well-being in Africa. The report emphasizes the dynamic nature of poverty since some of the poor are not poor all the time, though they are often vulnerable because of exposure to a multitude of risks that can push them below the poverty line and increase chronic poverty. Reducing vulnerability to risks is critical for enhancing well-being and reducing future poverty.
Описание: This report looks at how technology and innovation achieves inclusive and sustainable industrial development (ISID). Its main finding is that ISID is feasible and technology can simultaneously serve all three dimensions of sustainability, including economic, social and environmental. Rapid inclusive and sustainable industrialization can happen more frequently provided that policymakers firmly steer the industrialization process with opportune policies and avoid past mistakes. In some cases, the spread of technology has not materialized in concrete growth opportunities because of the lack of technological capabilities. Innovation needs to be supported by interventions strengthening the process from invention to adoption, as capabilities are developed and high tech manufacturing sectors are created, seeing higher rates of sustainable growth.
Описание: Signed by 52 African countries, the African Continental Free Trade Area (AfCFTA) is, by the number of participating countries, the largest trade agreement since the formation of the WTO. This report recognizes that it is not enough for the AfCFTA to be merely negotiated, concluded and ratified. It must also change lives.
Описание: The African Continental Free Trade Area (AfCFTA) agreement will create the largest free trade area in the world, measured by the number of countries participating. The pact will connect 1.3 billion people across 55 countries with a combined GDP valued at $3.4 trillion. It has the potential to lift 30 million people out of extreme poverty by 2035. But achieving its fullpotential will depend on putting in place significant policy reforms and trade facilitation measures.The scope of the agreement is considerable. It will reduce tariffs among member countries and cover policy areas, such as trade facilitation and services, as well as regulatory measures, such as sanitary standards and technical barriers to trade. It will complement existing subregional economic communities and trade agreements by offering a continent-wide regulatory framework and by regulating policy areas—such as investment and intellectual property rights protection—that have not been covered in most subregional agreements.The African Continental Free Trade Area: Economic and Distributional Effects quantifies the long-term implications of the agreement for growth, trade, poverty reduction, and employment. Its analysis goes beyond that in previous studies that have largely focused on tariff and nontariff barriers in goods—by including the effects of services and trade facilitation measures,as well as the distributional impacts on poverty, employment, and wages of female and male workers. It is designed to guide policy makers as they develop and implement the extensive range of reforms needed to realize the substantial rewards that the agreement offers. The analysis shows that full implementation of AfCFTA could boost income by 7 percent, or nearly $450 billion, in 2014 prices and market exchange rates. The agreement would also significantly expand African trade—particularly intraregional trade in manufacturing. In addition, it would increase employment opportunities and wages for unskilled workers and help close the wage gap between men and women.
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.
Industrialising Africa examines the prospect of industrial development on the African continent from a structural transformation perspective. The book demonstrates that industrial development in Africa remains elusive due to an incomplete decolonization of African economies. Through a detailed discussion of the current status of industrial development and the past industrialisation strategies implemented on the continent, Industrialising Africa clearly shows that sustained industrial growth will remain unattainable as long as African economies continue to operate under the colonial economic structure and logic, in which African countries have specialised in supplying raw materials to industrial centres. Industrialising Africa argues that if Africa is to have a chance to significantly grow its industrial sector, it must decentre the colonial economic logic and learn to build industrial capabilities through an aggressive industrial strategy.
This publication explores the implications of the Fourth Industrial Revolution (4IR) on the future of jobs, skills, and training in Southeast Asia, particularly for high growth industries in Cambodia, Indonesia, the Philippines, and Viet Nam.
It is part of the series of reports that provides recommendations to strengthen policies, skills, and training as well as new approaches, strategies, and actions to enhance the readiness of each country's workforce for 4IR.
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