Promoting trade and investment to accelerate Africa's development : 18th meeting of Tepcow
Reference Conference Document: " Promoting Trade and Investment to Accelerate Africa's Development " at the 18th Meeting of Tepcow. Theme: "Accelerating Trade and Investment in Africa". It is the view of the secretariat, as outlined in the Conference Discussion Paper "Promoting Trade and Investment to Accelerate Africa's Development", that trade and investment are an essential part of any credible strategy to accelerate this continent's development. African countries have had great difficulty attracting adequate levels of foreign investment. 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. There is growing recognition that trade can play the role of an "engine of growth" in the industrialization process, and that increased trade contacts can help countries to become more fully integrated into the global economy. 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.
| Format: | Speech biblioteca |
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| Language: | eng |
| Published: |
1997-04
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| Online Access: | https://hdl.handle.net/10855/47459 |
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| Summary: | Reference Conference Document: " Promoting Trade and Investment to Accelerate Africa's Development " at the 18th Meeting of Tepcow. Theme: "Accelerating Trade and Investment in Africa". It is the view of the secretariat, as outlined in the Conference Discussion Paper "Promoting Trade and Investment to Accelerate Africa's Development", that trade and investment are an essential part of any credible strategy to accelerate this continent's development. African countries have had great difficulty attracting adequate levels of foreign investment. 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. There is growing recognition that trade can play the role of an "engine of growth" in the industrialization process, and that increased trade contacts can help countries to become more fully integrated into the global economy. 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. |
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