The Accra-based African Center for Economic Transformation (ACET) posted on 10 October 2017 a massive study titled "Africa Transformation Report 2017: Agriculture Powering Africa's Economic Transformation." The lead author was Yaw Ansu, chief economist at ACET. You can download the entire report or an overview in English and French.
The premise of the study is that Africa is blessed with many natural advantages and rising market opportunities that could be leveraged for agricultural transformation. It also grapples with the current focus in Africa on industrialization by arguing that African countries have the opportunity to pursue two tracks to industrialization--one that leverages their relative labor-abundance for labor-intensive and export-oriented light manufacturing, and another track that leverages their advantages in agriculture for globally competitive manufacturing based on agriculture.
Showing posts with label ACET. Show all posts
Showing posts with label ACET. Show all posts
Friday, October 20, 2017
Monday, March 3, 2014
2014 African Transformation Report
The Accra-based African Center for Economic Transformation (ACET) just published its 2014 African Transformation Report: Growth with Depth.
Economic transformation is the consensus paradigm for Africa's development. The impressive economic growth of many African countries since the mid-1990s--as well as the progress in governance and the turnaround in investor confidence--provides a solid foundation for transforming African economies for better jobs and shared prosperity.
By 2050, Sub-Saharan Africa will have a larger and younger workforce than China or India. With the continent's abundant land and natural resources, that workforce can be a global competitive advantage and a great asset in driving economic transformation.
The report's main premise is that African economies need more than growth. They also need to diversify their production, make their exports competitive, increase the productivity of farms, firms and government offices, and upgrade the technology they use throughout the economy. All of this should be aimed at improving human well-being.
This massive study contains the following chapters:
1: Tracking Economic Transformation
2: The State and the Private Sector--Partners in Transformation
3: Promoting Exports--Essential for Transformation
4: Building Technical Knowledge and Skills
5: Leveraging Abundant Labor for Manufacturing
6: Kickstarting Agroprocessing Value Chains
7: Managing Oil, Gas, and Minerals
8: Boosting Tourism
Economic transformation is the consensus paradigm for Africa's development. The impressive economic growth of many African countries since the mid-1990s--as well as the progress in governance and the turnaround in investor confidence--provides a solid foundation for transforming African economies for better jobs and shared prosperity.
By 2050, Sub-Saharan Africa will have a larger and younger workforce than China or India. With the continent's abundant land and natural resources, that workforce can be a global competitive advantage and a great asset in driving economic transformation.
The report's main premise is that African economies need more than growth. They also need to diversify their production, make their exports competitive, increase the productivity of farms, firms and government offices, and upgrade the technology they use throughout the economy. All of this should be aimed at improving human well-being.
This massive study contains the following chapters:
1: Tracking Economic Transformation
2: The State and the Private Sector--Partners in Transformation
3: Promoting Exports--Essential for Transformation
4: Building Technical Knowledge and Skills
5: Leveraging Abundant Labor for Manufacturing
6: Kickstarting Agroprocessing Value Chains
7: Managing Oil, Gas, and Minerals
8: Boosting Tourism
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