Promoting trade and investment to accelerate Africa's development
Any credible strategy to accelerate development in Africa must include the promotion of trade and investment among its key elements. Sustained high rates of capital investment are needed to channel scarce resources to the most productive sectors. A policy framework to promote increased investment in Africa must address issues relating to the political climate; a conducive economic policy framework; increased public savings and investment; increased private savings; attracting foreign investment; and enhanced regional cooperation and integration. This paper first examines the challenges of boosting investment in Africa. Then, it offers some proposals for reviving private investment. This is followed by an analysis of Africa's trade performance and the policy measures and actions that African countries can implement to enhance their competitiveness especially in the context of the Uruguay Round Agreement. The paper concludes with an outline of a policy framework for boosting trade and investment in Africa.
| Format: | Conference document biblioteca |
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| Language: | eng |
| Published: |
1997-03
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| Online Access: | http://hdl.handle.net/10855/5712 |
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| Summary: | Any credible strategy to accelerate development in Africa must include the promotion of trade and investment among its key elements. Sustained high rates of capital investment are needed to channel scarce resources to the most productive sectors. A policy framework to promote increased investment in Africa must address issues relating to the political climate; a conducive economic policy framework; increased public savings and investment; increased private savings; attracting foreign investment; and enhanced regional cooperation and integration. This paper first examines the challenges of boosting investment in Africa. Then, it offers some proposals for reviving private investment. This is followed by an analysis of Africa's trade performance and the policy measures and actions that African countries can implement to enhance their competitiveness especially in the context of the Uruguay Round Agreement. The paper concludes with an outline of a policy framework for boosting trade and investment in Africa. |
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