Where are the Jobs?

Moderator:  Mr. Alan Kasujja, BBC World Today

Panelists:

  • Hon. Akinwunmi Adesina, Federal Minister of Agriculture and Rural Development, Nigeria
  • Dr. Carlos Lopes, Executive Secretary, United Nations Economic Commission for Africa
  • Prof. Justin Lin, Peking University, Beijing, China
  • Mr. V. Shankar, CEO for Africa, Europe, Middle East and Americas, Standard Chartered Bank.

Rapporteur:  Dr. Charles Leyeka Lufumpa, Director, Statistics Department, African Development Bank Group

Description:

Africa’s global potential is dependent on how well it uses its window of opportunity to embark on industrialization. The point of departure is that few countries have attained a sustainable level of economic development and reduced poverty without a large and vibrant industrial sector, spearheaded by manufacturing activities – which provide economic growth, employment, and economic diversification. As a result, many African countries are still at the initial stages of gaining access to Global Value Chains (GVCs) beyond natural resource exports.

Issues for Discussion:

  1. What does Africa need to do to develop global value chains and move up the productivity ladder?
  2. Some natural resource-based sectors do not translate into jobs and employment opportunities. How can Africa ensure that its natural resources – particularly the extractive industries – serve as the entry point for the global value chains?
  3. Agro-business can also be Africa’s entry point to the global value chains. What should be the balancing act between agro-business and food insecurity in the continent?

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If you look at the money they get from fishing in African waters, it is more than the money they send to Africa through development aid. This is a case of the rich versus the poor. Therefore, as leaders, we must take action.

Donald Kaberuka, AfDB President

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