Industrialisation and Trade Corner
Harnessing productive sectors’ through value chains to enhance intra-African trade and regional integration
Integrating Africa is the AfDB Group’s blog on regional integration in Africa. It chronicles the issues arising from African countries’ efforts as they work to pool resources and integrate their economies for the development of their regional and individual economies. Read More
Africa’s economic landscape has changed considerably over the last twenty years. After two decades of sustained economic growth, Sub-Saharan Africa’s GDP is almost $1.5 trillion. Its middle class rose to 350 million people in 2010, up from 126 million people in 1980 and in 2010, consumer spending stood at approximately $600 billion.
Neo-liberal scholars and experts of regional integration highlight the alleged virtues of common markets, where capital and goods flow freely within economically integrated regions. Yet, they tend to forget that the other key factor of production, labour, is arguably even more important in supporting the creation of sustainable regional economic communities (RECs). Indeed, labour mobility may allow for cultural and social exchanges (which are not produced by mere flows of capital) and further support the diversification of national economies.
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