Sub-Saharan Africa: Forging New Trade Links with Asia
Author： Mr. Sanjeev Gupta Kevin Joseph Carey Mr. Ulrich Jacoby
Publisher： INTERNATIONAL MONETARY FUND
Publication year： 2007
E-ISBN: 9781451980271
P-ISBN(Paperback): 9781589066670
Subject： F0 Economics;F7 Trade Economy
Keyword： Trade policy,Export diversification
Language： ENG
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Description
What is the impact on trade in sub-Saharan Africa of the recent rapid growth in China and other Asian countries, and the associated commodity price boom? This paper looks at how trading patterns (both destinations and composition) are changing in sub-Saharan Africa. Has the region managed to diversify the products it sells from commodities to manufactured goods? Has it expanded the range of countries to which it exports? And what about the import side? The time is ripe for sub-Saharan African countries to climb up the value chain of their commodity-based exports and/or achieve an export surge based on labor-intensive manufacturing.