Measuring the pulse of Economic Transformation in West Africa
West Africa is at the heart of Africa’s transformation. With a projected growth rate of 7.4 per cent in 2014, it is the fastest growing region in the continent. As many of its countries undergo a strong stabilization, emerge from conflict, or even rise to middle income status, the region begins to reap the fruits of its regional and global integration. A global demand for expert opinions and analysis is rising rapidly. Read More
A first and a second blog post on the theme of “Industrialization in West Africa” took stock of industrial development in West Africa and presented some of the strategies that could boost industrialization in the region. While all the mentioned strategies are relevant, provided they are adequately implemented, this post has a focus on the regional value chains (RVCs) strategy, and will highlight the benefits from this model.
Although Public Private Partnerships (PPPs) are often hailed as one the best options for infrastructure development, there appears to be surprisingly little understanding amongst policymakers of what they actually entail. This is even more so in situations of fragility. In a recent policy paper published under the West Africa Policy Notes series of the African Development Bank, I undertook to highlight what are the advantages and pitfalls of PPPs in the context of Guinea-Bissau and provide recommendations on the best course of action for pursuing development in the country
A previous post took stock of industrial development in West Africa. It was explained that at a time when the international community, including the African Development Bank, elevates industrialisation to a priority range for fighting poverty and exclusion, this process lags behind in the region. This post focuses on some of the strategies that could be implemented in order for the West African countries to move forward.
The populations of Togo (7 million) and Switzerland (8 million) are quite similar. Likewise, the area covered by the two countries is not too different – 56,785 km2 for Togo and 41,285 km2 for Switzerland. On the other hand, Togo has 12 times more agricultural labour force than Switzerland and, despite this, Switzerland is well ahead of Togo in terms of consumption of fertilizers per hectare (15 times), number of agricultural machines used on arable area (4,000 times), productivity of cereals per hectare (6 times) and consequently of value added per agricultural worker (32 times) . This means that a kilo of cereal produced in Togo is valued five times (32/6) more when produced in Switzerland due to product quality, compliance with norms and standards and market vicissitudes.
In a recent blog post, we discussed the impacts of socioeconomic and terrorist events on the Burkinabe economy noting that “to answer the terrorist threat, current expenditure will soar.” However, this should not be done at the expense of development programs and capital spending in economic infrastructure. Indeed, after the socio-political events experienced by Burkina Faso, we advocate for an economic stimulus based on the quality and increase in public investment expenditure.
- KPMG Africa Blog
- UN Women, West and Central Africa
- The Trade Post | Making international trade work for development
- Institute for Security Studies: West Africa
- Oxfam: West Africa blog
- CGD Policy Blogs | Center For Global Development
- NEPAD blogs | NEPAD
- blogAfrica | allAfrica
- Baobab | The Economist
- United Nations Office for West Africa
- Nasikiliza | World Bank in Africa