Sectorial and Financial Transformation in Africa
“Global value chains offer new opportunities for structural transformation İn Africa: instead of industrialising bottom up and building up all the Sectors required to compete in global markets, developing countries can İntegrate into global value chans at a spescific stage by catering spesific Skils or products. This opens up new and quicker routes for development.
Henri-Bernard Solignac-Kecınte, OECD Development Cente
Majority of African countries are trapped in the export of unsophisticated, Highly standard products that are poorly connected in the product space and whose sustain growth, governments must implement policies and provide Public inputs that will encourage the private sector to invest in new and More sophisticated activities. Getting out of the trap, that is, diversifying and upgrading its productive structure, is Africa’s key challenge.
Prof. John Anyanwu, African Development Bank
Africa has experienced a positive transformation in political, social and Economic terms. The African Union played a vital role in the development Of this transformation. Today, some of the fastest growing economies on The globe are African. Over the next decade the continent’s GDP is expect- Ed to maintain a positive increase on average an deven attain double Digits in some countries. Foreign Direct Investment has göne from $15 Billion in 2002 to $37 billion in 2006 and $46 billion in 2012. Also the Peace and security situation within the continent has significantly İmproved, as the promation of good governance and Access to health Care, education and other basic social services.
Dr. Ibrahim Assane Mayaki, NEPAD Agency