Making the African Continental Free Trade Agreement a Success

Pathways and a Call for Action
1. Auflage 2024
ISBN: 978-1-032-59851-2
Verlag: Taylor & Francis Ltd (Sales)

Buch, Englisch, 304 Seiten, Format (B × H): 156 mm x 234 mm, Gewicht: 608 g

In 2019, African heads of state and governments launched in fanfare the African Continental Free Trade Agreement (AfCFTA), a historic agreement for economic transformation across the continent. But now comes the hard bit: how to make the agreement a success?

In this book, senior experts from across the world come together to provide a comprehensive analysis of the conditions needed for AfCFTA to successfully spur economic development in Africa. It puts forward three foundations for success: demography dividend, digital economy, and economic diversification. In addition to trade policy, the book recommends that African policymakers should strengthen fiscal and monetary policy coordination, adopt and implement the appropriate regulatory environment, and build suitable connectivity infrastructure. The stakes are high. If implemented correctly, the book argues that AfCFTA could speed up trade within Africa, which could double every five years. Success would mean growth, investment, changing trade patterns, jobs, economic transformation, poverty reduction, and a continental market for services.

Driven by concrete, evidence-based strategies for long-term growth, this book is an essential read for policy makers, development practitioners, economics researchers, and everyone with an interest in the future of Africa.

Zielgruppe

Academic, Postgraduate, Professional Practice & Development, and Undergraduate Advanced

Autoren/Hrsg.

Zeufack, Albert G.

Tchana Tchana, Fulbert

Sanoh, Aly

Fachgebiete

• Sozialwissenschaften Ethnologie | Volkskunde Volkskunde Historische & Regionale Volkskunde
• Sozialwissenschaften Politikwissenschaft Politikwissenschaft Allgemein Politische Studien zu einzelnen Ländern und Gebieten
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Wirtschaftliche Globalisierung
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie

Inhaltsverzeichnis

Foreword  1: Making the AfCFTA a Success: Potential, Pathways, and Call for Action  2: Africa’s Trade patterns—Trends and Benchmarking   3: Long-term growth impact of a well-functioning AfCFTA for the continent and by sub-region: a comparative analysis based on historical experience  4: The Africa Continental Free Trade Area and Poverty Reduction in Africa  5: AfCFTA: What it means for AGOA, EBA and trading with Asia?  6: Lessons from African RECs: for a successful AfCFTA  7: Fiscal policies coordination to the success of the AfCFTA  8: Monetary policy harmonization for AfCFTA   9: Transport Policies for a Successful AfCFTA  10: Industrialize Africa by leveraging on its natural resources: The AfCFTA to be a game changer  11: Upgrading Skills for Africa’s Economic Transformation   12: Realizing the promise of the AfCFTA - the role of industrial and competition policies  13: Intellectual Property and the African Continental Free Trade Area: A Public Health Perspective

Über Autor(innen)

Albert G. Zeufack is the World Bank’s Country Director for DRC, Angola, Burundi, and Sao Tome et Principe. Prior to his appointment he was Chief Economist for Africa from May 2016 to June 2022. He was also Practice Manager in the Macroeconomics and Fiscal Management Global Practice and leader of the World Bank-wide Community of Practice for the Management of Natural Resources Rents. His main research interest is in the micro-foundations of macroeconomics.

Fulbert Tchana Tchana is a World Bank Lead Country Economist. Since joining the Bank in 2013, he has worked on analytical, advisory, capacity-building, and lending operations in the Middle East and Africa. He supported these countries in the areas of economic modeling, growth and productivity analytics, economic and trade diversification, oil revenue management, subsidy reform, and regional integration. Before joining the Bank, his previous positions included Economist for Cameroon’s Ministry of Finances and Assistant Professor of Economics at the University of Cape Town, South Africa.

Aly Sanoh is a Senior Economist in the Poverty and Equity Global Practice of the World Bank. His work focuses on understanding the drivers of poverty and inequality reduction in the Sahel countries. He has held positions in the Office of the Chief Economist of the Africa Region, where he conducted macroeconomic and microeconomic analyses for Africa’s Pulse.