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Twilight of an Industry in East Africa

Author: Katharine Frederick

Publisher: Springer Nature

Published: 2020-08-20

Total Pages: 274

ISBN-13: 3030439208

Cotton textile industries vanished from much of East Africa during the nineteenth and early twentieth centuries. This book investigates the underlying causes of industrial arrest in the region through a series of in-depth case studies. Findings are considered in light of existing studies on comparatively more resilient textile centers elsewhere on the continent to derive insights into the determinants of differing industrial trajectories across sub-Saharan Africa. The author argues that scholars have placed undue weight on global forces as the primary drivers of industrial decline in the Global South. Rather, this book reveals how local factors – principally demographic, geographic, and institutional features – interacted with external forces to influence unique regional outcomes during the nineteenth and twentieth centuries as sub-Saharan African was increasingly integrated into global trade networks and European colonial empires.

Unlocking Africa's Business Potential

Author: Landry Signe

Publisher: Brookings Institution Press

Published: 2020-04-07

Total Pages: 361

ISBN-13: 0815737394

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Africa welcomes business investment and offers some of the world's highest returns and impacts Africa has tremendous economic potential and offers rewarding opportunities for global businesses looking for new markets and long-term investments with favorable returns. Africa has been one of the world's fastest-growing regions over the past decade, and by 2030 will be home to nearly 1.7 billion people and an estimated $6.7 trillion worth of consumer and business spending. Increased political stability in recent years and improving regional integration are making market access easier, and business expansion will generate jobs for women and youth, who represent the vast majority of the population. Current economic growth and poverty-alleviation efforts mean that more than 43 percent of the continent's people will reach middle- or upper-class status by 2030. Unlocking Africa's Business Potential examines business opportunities in the eight sectors with the highest potential returns on private investment—the same sectors that will foster economic growth and diversification, job creation, and improved general welfare. These sectors include: consumer markets, agriculture and agriprocessing, information and communication technology, manufacturing, oil and gas, tourism, banking, and infrastructure and construction. The book's analysis of these sectors is based on case studies that identify specific opportunities for investment and growth, along with long-term market projections to inform decision-making. The book identifies potential risks to business and offers mitigation strategies. It also provides policymakers with solutions to attract new business investments, including how to remove barriers to business and accelerate development of the private sector.

The East African Community

Author: Ms.Catherine McAuliffe

Publisher: International Monetary Fund

Published: 2012-11-14

Total Pages: 55

ISBN-13: 1475586310

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The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade—the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries—macroeconomic and government stability, favorable business climate, and strong institutions—but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out.

Economic Integration in Africa

Author: Richard E. Mshomba

Publisher: Cambridge University Press

Published: 2019-05-16

Total Pages: 0

ISBN-13: 9781316637128

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In this work, Richard E. Mshomba offers an in-depth analysis of economic integration in Africa with a focus on the East African Community (EAC), arguably the most ambitious of all the regional economic blocs currently in existence in Africa. Economic Integration in Africa provides more than just an overview of regional economic blocs in Africa; it also offers a rich historical discussion on the birth and death of the first EAC starting with the onset of colonialism in the 1890s, and a systematic analysis of the birth, growth, and aspirations of the current EAC. Those objectives include forming a monetary union and eventually an East African political federation. This book also examines the African Union's aspirations for continent-wide integration as envisioned by the Abuja Treaty. Mshomba carefully argues that maturity of democracy and good governance in each country are prerequisites for the formation of a viable and sustainable East African federation and genuine continent-wide integration.

Industries Without Smokestacks

Author: Richard S. Newfarmer

Publisher: Oxford University Press

Published: 2018

Total Pages: 472

ISBN-13: 0198821883

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A study prepared by the United Nations University World Institute for Development Economics Research (UNU-WIDER)

Africa’s Development Dynamics 2021 Digital Transformation for Quality Jobs

Author: African Union Commission

Publisher: OECD Publishing

Published: 2021-01-19

Total Pages: 284

ISBN-13: 926460653X

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Africa’s Development Dynamics uses lessons learned in the continent’s five regions – Central, East, North, Southern and West Africa – to develop policy recommendations and share good practices. Drawing on the most recent statistics, this analysis of development dynamics attempts to help African leaders reach the targets of the African Union’s Agenda 2063 at all levels: continental, regional, national and local.

Modeling Services Liberalization

Author: Thomas F. Rutherford, David G. Tarr, Jesper Jensen, Edward J. Balistreri

Publisher: World Bank Publications

Published: 2008

Total Pages: 46

ISBN-13:

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"This paper employs a 52-sector, small, open-economy computable general equilibrium model of the Tanzanian economy to assess the impact of the liberalization of regulatory barriers against foreign and domestic business service providers in Tanzania. The model incorporates productivity effects in both goods and services markets endogenously, through a Dixit-Stiglitz framework. It summarizes policy notes on the key business service sectors that were prepared for this work, and estimates the ad valorem equivalent of barriers to foreign direct investment based on these policy notes and detailed questionnaires completed by specialists in Tanzania. The authors estimate that Tanzania will gain about 5.3 percent of the value of Tanzanian consumption in the medium run (or about 4.8 percent of gross domestic product) from a full reform package that also includes uniform tariffs. The estimated gains increase to about 16 percent of consumption in the long-run, steady-state model, where the impact on the accumulation of capital from an improvement in the productivity of capital is taken into account. Decomposition exercises reveal that the largest gains to Tanzania will derive from liberalization of costly regulatory barriers that are non-discriminatory in their impacts between Tanzanian and multinational service providers. "--World Bank web site.

The East African Community

Author: Jean-Marc Trouille

Publisher: Routledge

Published: 2021

Total Pages: 208

ISBN-13: 9781003143666

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"This book brings together African and European experts from a variety of disciplines to examine the origins and current state of the East African Community (EAC). Over the course of the book the authors analyse the rich tapestry of intraregional relations in East Africa, the EAC's similarities with the European Union, and the future challenges faced by the organisation. Widely regarded as the most advanced and successful regional integration scheme in Africa, the EAC is an intergovernmental organisation consisting of Burundi, Kenya, Rwanda, Tanzania, and Uganda, and, since 2016, South Sudan. It is the oldest among Africa's regional economic communities, and among the continent's most promising growth areas, with a long history of integration, punctuated by several false starts and traumas that have profoundly affected its body politics. When initially set up, the EAC model bore a striking resemblance to the process undergone by the European Union. Now, as the EAC continues to establish its own identity, this book argues that whilst Europe's history may provide useful insights for EAC member states, the EAC experience could in turn also offer lessons for the European Union. Covering key dimensions such as integration, cooperation, development, trade and investments, this book highlights the intricate and complex relationships between East African states, and it will be of interest to researchers working on economic development, international relations, peace and security, and African studies"--