Industrialization for Inclusive and Transformative Development Agenda: statement by Carlos Lopes UN Under-Secretary-General and Executive Secretary of ECA

Statement by Carlos Lopes UN Under-Secretary-General and Executive Secretary of ECA at the Seventh Joint Annual Meetings of the ECA Conference of African Ministers of Finance, Planning and Economic Development and AU Conference of Ministers of Economy and Finance. Mr. Lopes, on his remarks highlighted that, the changing landscape of international trade and investment has completely overhauled our understanding of Global Value Chains. Since the 1990’s, there is a growing trend for enterprises to spread across several countries for the different stages and activities of the production process. It is not even one firm anymore that produces from A to Z. The rise and expansion of global value chains is not primarily due to the increasing trade of goods, rather it is focused on technology, finance, investment, and other modern services. The industrialization models of import substitution, used in Latin America, or the Southeast Asia export driven model, are no longer an option for Africa. The international trading system is struggling with the notion of Special but Differential Treatment the same way as climate change negotiations are with Common but differentiated responsibilities.

Bibliographic Details

Format:	Speech biblioteca
Language:	eng
Published:	2014-03
Online Access:	https://hdl.handle.net/10855/36520
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