Industrialization in Africa must compete, connect, and create value
Industrialization drives the sustained growth in jobs and productivity that marks the developmental take-off of most developed economies and industrialization remains central to structural transformation in Africa, yet Africa’s experience has been uneven and incomplete. Our Industrialization in Sub-Saharan Africa: Seizing Opportunities in Global Value Chains, published in 2021 as part of the WBG-AFD Africa Development Forum series, challenged the prevailing pessimism about Africa’s manufacturing prospects. We found no strong evidence of premature deindustrialization, a decline in manufacturing at unusually low levels of income. Instead, Africa has experienced false starts and partial peaks – episodes of manufacturing expansion that failed to evolve into…
The economic and environmental future of Ethiopian coffee
Rising temperatures and changing rainfall patterns are disrupting Ethiopia’s coffee production. This critical export crop faces geographic shifts, increased pests, and declining yields.
A Bill to renew AGOA with Adjustments, April 11 2024
Two U.S. Senators, one Republican and one Democrat, have introduced the African Growth and Opportunity Act (AGOA) Renewal and Improvement Act of 2024. This legislation aims to renew AGOA, with several key changes designed to enhance its effectiveness and impact. There is still room for improvement. Key updates in the new bill and a few comments Extension: The bill proposes to extend AGOA until 2041. Previously renewed in 2008 and 2015, AGOA was set to expire in 2025. This proposed extension is longer than previous renewals and provides much-needed continuity and certainty for businesses and countries. Review, Enforcement, & Reporting: The…
Something went wrong. Please refresh the page and/or try again.
Subscribe to My Blog
Get new content delivered directly to your inbox.
woubetkassa.com 