Wikiprogress Africa

This blog is written and maintained by the Wikiprogress Africa Network. This network, hosted by the OECD, aims to provide a platform for knowledge sharing on measuring progress and well-being in an African context.

Ce blog est administré et mis à jour par le réseau Wikiprogress Africa. Ce réseau, hébergé par l'OCDE, est une plateforme axée sur le partage de connaissances dans le domaine de la mesure du progrès et du bien-être des sociétés africaines.

mardi 28 mai 2013

African Economic Outlook 2013: Structural Transformation and Natural Resources

The African Economic Outlook 2013 was launched on May 27th during the Marrakech conference. Co-published by the African Development Bank (AfDB), OECD’s Develppment Centre, the United Nations Economic Commission for Africa and the United Nations Development Program, this report outlines the promising trend of economic growth in African countries but addresses the failure in the reduction of poverty, unemployment, income inequality, and among some countries the deterioration of health and education levels.

Through the exploitation of natural resources and structural transformation, the benefits of economic growth could be shared among the population. Improving the well-being of citizens, which should be of the end of economic growth, could be achieved through 4 priorities:
  •  Increasing the access to markets (through regional integration) in order to achieve the structural transformation
  • Sound  land management, effective tax systems and incentives to cause an acceleration and  diversification of the sources of growth.Improving the transport, fertilizers and more resistant seeds in order to increase the productivity. Africa holds 24% of the world’s agricultural land, but accounts for only 9% of its production.
  •  Ensuring that a fair share of the proceeds from natural resources are invested in people’s capacities to take up new jobs in value-added sectors.
  •  Finally, the report suggests that African countries can foster change and economic diversification actively, for example through corridors of development around power, transport and communication lines. Stable and transparent use of budgets is key to achieving that goal.
To read the whole report, click here
To read  the pocket edition, click here

Wikiprogress Africa Coordinator

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