Can Sub-Saharan Africa Leap into Global Network Trade?
This paper examines opportunities for Sub-Saharan African countries to effectively participate in globalization, particularly given the increasing interest of China and India in Sub-Saharan Africa. How can Sub-Saharan Africa fully engage and gain benefits from global network trade? Over the past 15 years Asia has become Africa's fastest growing export market. Asian countries are much more open to trade than Europe or America. There seems to be no evidence to suggest that this trend will not continue in the near future. The authors acknowledge the numerous caveats in Asia's growing interest in the African continent, not least the "resource curse" of exports that are heavily concentrated on oil, minerals, and raw materials, as well as the fierce competition from Asia's cheap manufactured exports. However, they believe that there is strong evidence to suggest a clear potential for South-South cooperation in trade and investment. Drawing on evidence from their extensive research into international value chains, the authors identify five critical factors for effective participation in global network trade: price, speed-to-market, labor productivity, flexibility, and product quality. Underlying competitive performance of these critical factors are a country's policies and institutions. Effective policies, efficient institutions, and the necessary infrastructure will ensure the best outcome for trading countries. To improve the depth and sustainability of these five critical factors, it is important that developing countries create a supportive policy and institutional framework from the outset.
id |
dig-okr-109866888 |
---|---|
record_format |
koha |
spelling |
dig-okr-1098668882021-04-23T14:02:32Z Can Sub-Saharan Africa Leap into Global Network Trade? Subramanian, Uma Matthijs, Matthias AIR AIR FREIGHT AIR TRAVEL AIRPORTS AUCTION AUTOMOBILES BILATERAL TRADE CARS CENTRAL AMERICA CIF CLASSICAL ECONOMISTS COMMERCE COMMODITIES COMMODITY COMMODITY PRICES COMPARATIVE ADVANTAGE COMPETITIVE ADVANTAGE COMPETITIVENESS CONSIGNMENT DISTRIBUTION CHANNELS DISTRIBUTION SYSTEMS DOMESTIC MARKET DOMESTIC MARKETS DRIVERS DRIVING ECONOMIC COOPERATION ECONOMIC SYSTEMS ECONOMIES OF SCALE EXPORT MARKET EXPORTS EXTERNAL MARKETS FIXED PRICES FREE MARKET FREE MARKETS FREIGHT FREIGHT COSTS FUEL GDP GROWTH POTENTIAL GROWTH RATE HUMAN CAPITAL INSPECTION INTEREST RATE INTERMEDIATE GOODS INTERNATIONAL MARKET INTERNATIONAL TRADE INVESTMENT IN ROADS LABOR POLICY LATIN AMERICAN LOGISTICS COSTS This paper examines opportunities for Sub-Saharan African countries to effectively participate in globalization, particularly given the increasing interest of China and India in Sub-Saharan Africa. How can Sub-Saharan Africa fully engage and gain benefits from global network trade? Over the past 15 years Asia has become Africa's fastest growing export market. Asian countries are much more open to trade than Europe or America. There seems to be no evidence to suggest that this trend will not continue in the near future. The authors acknowledge the numerous caveats in Asia's growing interest in the African continent, not least the "resource curse" of exports that are heavily concentrated on oil, minerals, and raw materials, as well as the fierce competition from Asia's cheap manufactured exports. However, they believe that there is strong evidence to suggest a clear potential for South-South cooperation in trade and investment. Drawing on evidence from their extensive research into international value chains, the authors identify five critical factors for effective participation in global network trade: price, speed-to-market, labor productivity, flexibility, and product quality. Underlying competitive performance of these critical factors are a country's policies and institutions. Effective policies, efficient institutions, and the necessary infrastructure will ensure the best outcome for trading countries. To improve the depth and sustainability of these five critical factors, it is important that developing countries create a supportive policy and institutional framework from the outset. 2012-06-01T17:57:07Z 2012-06-01T17:57:07Z 2007-01 http://documents.worldbank.org/curated/en/2007/01/7311086/can-sub-saharan-africa-leap-global-network-trade http://hdl.handle.net/10986/6888 English Policy Research Working Paper; No. 4112 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank World Bank, Washington, DC Publications & Research :: Policy Research Working Paper Publications & Research |
institution |
Banco Mundial |
collection |
DSpace |
country |
Estados Unidos |
countrycode |
US |
component |
Bibliográfico |
access |
En linea |
databasecode |
dig-okr |
tag |
biblioteca |
region |
America del Norte |
libraryname |
Biblioteca del Banco Mundial |
language |
English |
topic |
AIR AIR FREIGHT AIR TRAVEL AIRPORTS AUCTION AUTOMOBILES BILATERAL TRADE CARS CENTRAL AMERICA CIF CLASSICAL ECONOMISTS COMMERCE COMMODITIES COMMODITY COMMODITY PRICES COMPARATIVE ADVANTAGE COMPETITIVE ADVANTAGE COMPETITIVENESS CONSIGNMENT DISTRIBUTION CHANNELS DISTRIBUTION SYSTEMS DOMESTIC MARKET DOMESTIC MARKETS DRIVERS DRIVING ECONOMIC COOPERATION ECONOMIC SYSTEMS ECONOMIES OF SCALE EXPORT MARKET EXPORTS EXTERNAL MARKETS FIXED PRICES FREE MARKET FREE MARKETS FREIGHT FREIGHT COSTS FUEL GDP GROWTH POTENTIAL GROWTH RATE HUMAN CAPITAL INSPECTION INTEREST RATE INTERMEDIATE GOODS INTERNATIONAL MARKET INTERNATIONAL TRADE INVESTMENT IN ROADS LABOR POLICY LATIN AMERICAN LOGISTICS COSTS AIR AIR FREIGHT AIR TRAVEL AIRPORTS AUCTION AUTOMOBILES BILATERAL TRADE CARS CENTRAL AMERICA CIF CLASSICAL ECONOMISTS COMMERCE COMMODITIES COMMODITY COMMODITY PRICES COMPARATIVE ADVANTAGE COMPETITIVE ADVANTAGE COMPETITIVENESS CONSIGNMENT DISTRIBUTION CHANNELS DISTRIBUTION SYSTEMS DOMESTIC MARKET DOMESTIC MARKETS DRIVERS DRIVING ECONOMIC COOPERATION ECONOMIC SYSTEMS ECONOMIES OF SCALE EXPORT MARKET EXPORTS EXTERNAL MARKETS FIXED PRICES FREE MARKET FREE MARKETS FREIGHT FREIGHT COSTS FUEL GDP GROWTH POTENTIAL GROWTH RATE HUMAN CAPITAL INSPECTION INTEREST RATE INTERMEDIATE GOODS INTERNATIONAL MARKET INTERNATIONAL TRADE INVESTMENT IN ROADS LABOR POLICY LATIN AMERICAN LOGISTICS COSTS |
spellingShingle |
AIR AIR FREIGHT AIR TRAVEL AIRPORTS AUCTION AUTOMOBILES BILATERAL TRADE CARS CENTRAL AMERICA CIF CLASSICAL ECONOMISTS COMMERCE COMMODITIES COMMODITY COMMODITY PRICES COMPARATIVE ADVANTAGE COMPETITIVE ADVANTAGE COMPETITIVENESS CONSIGNMENT DISTRIBUTION CHANNELS DISTRIBUTION SYSTEMS DOMESTIC MARKET DOMESTIC MARKETS DRIVERS DRIVING ECONOMIC COOPERATION ECONOMIC SYSTEMS ECONOMIES OF SCALE EXPORT MARKET EXPORTS EXTERNAL MARKETS FIXED PRICES FREE MARKET FREE MARKETS FREIGHT FREIGHT COSTS FUEL GDP GROWTH POTENTIAL GROWTH RATE HUMAN CAPITAL INSPECTION INTEREST RATE INTERMEDIATE GOODS INTERNATIONAL MARKET INTERNATIONAL TRADE INVESTMENT IN ROADS LABOR POLICY LATIN AMERICAN LOGISTICS COSTS AIR AIR FREIGHT AIR TRAVEL AIRPORTS AUCTION AUTOMOBILES BILATERAL TRADE CARS CENTRAL AMERICA CIF CLASSICAL ECONOMISTS COMMERCE COMMODITIES COMMODITY COMMODITY PRICES COMPARATIVE ADVANTAGE COMPETITIVE ADVANTAGE COMPETITIVENESS CONSIGNMENT DISTRIBUTION CHANNELS DISTRIBUTION SYSTEMS DOMESTIC MARKET DOMESTIC MARKETS DRIVERS DRIVING ECONOMIC COOPERATION ECONOMIC SYSTEMS ECONOMIES OF SCALE EXPORT MARKET EXPORTS EXTERNAL MARKETS FIXED PRICES FREE MARKET FREE MARKETS FREIGHT FREIGHT COSTS FUEL GDP GROWTH POTENTIAL GROWTH RATE HUMAN CAPITAL INSPECTION INTEREST RATE INTERMEDIATE GOODS INTERNATIONAL MARKET INTERNATIONAL TRADE INVESTMENT IN ROADS LABOR POLICY LATIN AMERICAN LOGISTICS COSTS Subramanian, Uma Matthijs, Matthias Can Sub-Saharan Africa Leap into Global Network Trade? |
description |
This paper examines opportunities for
Sub-Saharan African countries to effectively participate in
globalization, particularly given the increasing interest of
China and India in Sub-Saharan Africa. How can Sub-Saharan
Africa fully engage and gain benefits from global network
trade? Over the past 15 years Asia has become Africa's
fastest growing export market. Asian countries are much more
open to trade than Europe or America. There seems to be no
evidence to suggest that this trend will not continue in the
near future. The authors acknowledge the numerous caveats in
Asia's growing interest in the African continent, not
least the "resource curse" of exports that are
heavily concentrated on oil, minerals, and raw materials, as
well as the fierce competition from Asia's cheap
manufactured exports. However, they believe that there is
strong evidence to suggest a clear potential for South-South
cooperation in trade and investment. Drawing on evidence
from their extensive research into international value
chains, the authors identify five critical factors for
effective participation in global network trade: price,
speed-to-market, labor productivity, flexibility, and
product quality. Underlying competitive performance of these
critical factors are a country's policies and
institutions. Effective policies, efficient institutions,
and the necessary infrastructure will ensure the best
outcome for trading countries. To improve the depth and
sustainability of these five critical factors, it is
important that developing countries create a supportive
policy and institutional framework from the outset. |
format |
Publications & Research :: Policy Research Working Paper |
topic_facet |
AIR AIR FREIGHT AIR TRAVEL AIRPORTS AUCTION AUTOMOBILES BILATERAL TRADE CARS CENTRAL AMERICA CIF CLASSICAL ECONOMISTS COMMERCE COMMODITIES COMMODITY COMMODITY PRICES COMPARATIVE ADVANTAGE COMPETITIVE ADVANTAGE COMPETITIVENESS CONSIGNMENT DISTRIBUTION CHANNELS DISTRIBUTION SYSTEMS DOMESTIC MARKET DOMESTIC MARKETS DRIVERS DRIVING ECONOMIC COOPERATION ECONOMIC SYSTEMS ECONOMIES OF SCALE EXPORT MARKET EXPORTS EXTERNAL MARKETS FIXED PRICES FREE MARKET FREE MARKETS FREIGHT FREIGHT COSTS FUEL GDP GROWTH POTENTIAL GROWTH RATE HUMAN CAPITAL INSPECTION INTEREST RATE INTERMEDIATE GOODS INTERNATIONAL MARKET INTERNATIONAL TRADE INVESTMENT IN ROADS LABOR POLICY LATIN AMERICAN LOGISTICS COSTS |
author |
Subramanian, Uma Matthijs, Matthias |
author_facet |
Subramanian, Uma Matthijs, Matthias |
author_sort |
Subramanian, Uma |
title |
Can Sub-Saharan Africa Leap into Global Network Trade? |
title_short |
Can Sub-Saharan Africa Leap into Global Network Trade? |
title_full |
Can Sub-Saharan Africa Leap into Global Network Trade? |
title_fullStr |
Can Sub-Saharan Africa Leap into Global Network Trade? |
title_full_unstemmed |
Can Sub-Saharan Africa Leap into Global Network Trade? |
title_sort |
can sub-saharan africa leap into global network trade? |
publisher |
World Bank, Washington, DC |
publishDate |
2007-01 |
url |
http://documents.worldbank.org/curated/en/2007/01/7311086/can-sub-saharan-africa-leap-global-network-trade http://hdl.handle.net/10986/6888 |
work_keys_str_mv |
AT subramanianuma cansubsaharanafricaleapintoglobalnetworktrade AT matthijsmatthias cansubsaharanafricaleapintoglobalnetworktrade |
_version_ |
1756571843526918144 |