Africa Trade and Technology
It is perceived that economic nationalism has slowed the meteoric rise of global trade. Since the Uruguay Round created the World Trade Organization (WTO) in 1995, trade of goods and services has become a dominant feature in global economic growth. As a result, hundreds of millions of people in developing countries have graduated from subsistence living to middle-class status. The accession of China into the World Trade Organization in 2001 accelerated both the volume and character of global trade. By 2008, Global Value Chains (GVCs) have come to explain up to 70% of global trade volumes. GVCs optimize comparative advantage across borders and have enabled innovation in trade logistics and services technologies, in addition to a general WTO commitment by member states to facilitate trade.
January 14, 2019 via undefined via Governance In An Emerging New World
Related Commentary
Additional resources
FileDownload Issue 119
About the Program
Unlocking the Potential of MobileTech in Africa: Tracking the Trends and Guiding Effective Strategy on Maximising the Benefit of Mobile Tech
Africa 2050: Demographic Truth and Consequences
Climate Change and Africa’s Future
African Governance: Challenges and Their Implications
Africa Trade and Technology
A Letter from the Conveners
Observations from the Roundtable: Africa In An Emerging World