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ECONOMIC DEVELOPMENT IN AFRICA: PERFORMANCE PROSPECTS AND POLICY ...

Source: www.unctad.org
Topic: Economic Development

Sort Desciption: Economic Development in Africa. policy errors examined in some detail in earlier ...... Geneva 2000; and Special Issue on African Economic Development in ...

Content Inside: UNITED NATIONS CONFERENCE ON TRADE AND DEVELOPMENT ECONOMIC DEVELOPMENT IN AFRICA: PERFORMANCE PROSPECTS AND POLICY ISSUES UNITED NATIONS New York and Geneva 2001 Symbols of United Nations documents are composed of capital letters com- bined with figures. Mention of such a symbol indicates a reference to a United Nations document. The designations employed and the presentation of the material in this pub- lication do not imply the expression of any opinion whatsoever on the part of the Secretariat of the United Nations concerning the legal status of any coun- try territory city or area or of its author- ities or concerning the delimitation of its frontiers or boundaries. Material in this publication may be freely quoted or reprinted but acknowl- edgement is requested together with a reference to the document number. A copy of the publication containing the quotation or reprint should be sent to the UNCTAD secretariat. UNCTAD/GDS/AFRICA/1 TD/B/48/12 Note iii Page A. Introduction.1 B. Recent economic performance .3 1. Output growth .3 2. Sectoral developments .7 C. Factors affecting growth prospects .11 1. Investment and savings: trends and patterns .13 2. External financing and debt .19 3. International trade .26 (a) Dependence on primary commodities and export performance .26 (b) Competitiveness of African non-traditional exports .29 (c) Terms of trade .34 (d) Market access .42 D. Policy conclusions .44 1. External financing aid and debt .45 2. Key international trade policy issues for Africa.47 3. Domestic policy issues .49 Notes .54 Contents Economic Development in Africa iv List of tables and charts Chart 1 Total and per capita net capital inflows 19751999 .20 2 Terms of trade for Africa 19701998 .35 3 World terms of trade of selected groups of primary commodities against manufactures 19932000 .39 4 African terms of trade for selected primary commodities against manufactures 19901999 .40 Table Average annual GDP grow ...

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