Abstract
This handbook provides an analysis of Africa’s economic sectors, contemporary opportunities impacting their competitiveness, and their contribution to sustainable economic growth and development of African countries. It also explores the potential benefits that the sectors [broadly defined as agriculture, industry, and services] could harness from the Continental Free Trade Area (CFTA) agreement that African countries signed in Rwanda on the 21st of March 2018. Particularly, how CFTA could increase the efficiency and competitiveness of these sectors and enhance Africa’s participation in the global value chain. It offers evidence-based holistic analyses of the past and current state of Africa’s economic sectors, with a strong emphasis on tangible and specific policy recommendations for the purpose of enhancing future economic growth and sustainable development. Contributing authors are multidisciplinary with expertise in their respective fields.
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Notes
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Stiglitz comments on Africa’s agricultural sector: “agriculture presents the easiest path to industrialization and economic transformation. Increasing productivity and output in a modern agricultural sector would, beyond improving food security and the balance of payments (through reduced food imports and increased exports) sustain agro-processing, the manufacturing of agricultural inputs, and a host of services upstream and downstream from farms, creating employment and boosting incomes across the economy.” https://acetforafrica.org/highlights/services-not-manufacturing-will-be-growth-sector-for-africa-stiglitz-says/.
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Appendices
Appendices
(Source Author’s calculations based on World Development Indicators Online database [Downloaded on January 25, 2021])
Sectoral share in GDP, Middle East and sub-Saharan Africa region
(Source Author’s calculations based on World Development Indicators Online database [Downloaded on January 25, 2021])
Sectoral share in GDP, Middle East and North Africa region
(Source Author’s calculations based on World Development Indicators Online database [Downloaded on January 25, 2021])
Sectoral share in Employment, sub-Saharan Africa region
(Source Author’s calculations based on World Development Indicators Online database [Downloaded on January 25, 2021])
Sectoral share in Employment, Middle East and North Africa region
(Source Author’s calculations based on World Development Indicators Online database [Downloaded on January 25, 2021])
Sectoral growth rates, Middle East and sub-Saharan Africa region
(Source Author’s calculations based on World Development Indicators Online database [Downloaded on January 25, 2021])
Sectoral growth rates, Middle East and North Africa region
(Source Author’s calculations based on African Development Indicators Online database [Downloaded on September 22, 2018]))
Agriculture and manufacturing sectoral shares in GDP, Africa
(Source Author’s calculations based on African Development Indicators Online database [Downloaded on September 22, 2018])
Services and industry sectoral shares in GDP, Africa
Africa innovation hubs
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Wamboye, E.F. (2022). The Question of Africa’s Economic Sectors and Development. In: Wamboye, E.F., Fayissa, B. (eds) The Palgrave Handbook of Africa’s Economic Sectors. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-75556-0_1
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