Promoting trade and investment to accelerate Africa's development: 18th meeting of Tepcow
This Reference Conference Document: “Promoting Trade and Investment to Accelerate Africa's Development” presented at the 18th Meeting of Tepcow. Theme: "Accelerating Trade and Investment in Africa". the document highlighted that, The way out of poverty is through creating jobs and income opportunities. This is an important development policy goal in African countries. African countries face two main challenges. The first is to boost investment to the rates that are needed to sustain rapid economic growth. The second is to achieve economic efficiency to assure high rates of return on invested capital. The first challenge involves two sub-challenges. The first is to boost domestic savings and investment. The second sub-challenge is to attract a "respectable" share of FDI. The document stress that trade and investment are two key complimentary elements in a strategy to accelerate Africa's development, boost the rate of economic growth, and sustain progress towards the eventual eradication of poverty. In a liberalizing and integrating world economy, Africa will need to exert greater efforts at promoting trade and investment in order to reap benefits from the emerging world economic system.
| Format: | Speech biblioteca |
|---|---|
| Language: | eng |
| Published: |
1997-04
|
| Online Access: | https://hdl.handle.net/10855/31509 |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| Summary: | This Reference Conference Document: “Promoting Trade and Investment to Accelerate Africa's Development” presented at the 18th Meeting of Tepcow. Theme: "Accelerating Trade and Investment in Africa". the document highlighted that, The way out of poverty is through creating jobs and income opportunities. This is an important development policy goal in African countries. African countries face two main challenges. The first is to boost investment to the rates that are needed to sustain rapid economic growth. The second is to achieve economic efficiency to assure high rates of return on invested capital. The first challenge involves two sub-challenges. The first is to boost domestic savings and investment. The second sub-challenge is to attract a "respectable" share of FDI. The document stress that trade and investment are two key complimentary elements in a strategy to accelerate Africa's development, boost the rate of economic growth, and sustain progress towards the eventual eradication of poverty. In a liberalizing and integrating world economy, Africa will need to exert greater efforts at promoting trade and investment in order to reap benefits from the emerging world economic system. |
|---|