1. Capacity Building for the Promotion of Trade and Investment in Africa Challenges and Strategies
- Author:
- Soumana Sako and George Kararach
- Publication Date:
- 01-2007
- Content Type:
- Working Paper
- Institution:
- The African Capacity Building Foundation (ACBF)
- Abstract:
- The lack of capacity has hindered Africa from exploiting the investment and trade opportunities offered by the global economy. Most of the constraints and challenges are linked to ineffective policies, poor management systems and frameworks, weak governance, conflicts, HIV/AIDS and the heavy external debt, among others. Despite Africa’s efforts to lifting some of the developmental constraints, African governments should strive to increase their awareness and build their capacity towards the promotion of trade and investments in Africa, and thus ensure their effective participation in the world economy. Following the commitments made to developing countries– dubbed the Doha Development Agenda (DDA) - the promise of additional assistance to developing countries to help them participate, negotiate and implement WTO agreements has not been backed by adequate resources. Given the experience of Africa over the last half century, it is clear that trade reform and openness alone is not sufficient to sustain economic growth and poverty reduction. The WTO and its associated rules and procedures have defined the framework for trade and investment promotion in Africa, as is the case for the ‘Singapore issues’, in terms of investment protection, competition policy, transparency in government procurement and trade facilitation.
- Topic:
- HIV/AIDS, Debt, Development, Governance, Capacity, WTO, and Doha Development Agenda
- Political Geography:
- Africa