Sub-Saharan Africa represents only a small share of global production and trade while hosting half of the extreme poor worldwide. To catch up with the rest of the world, Africa has no alternative: it must undertake reforms to scale up its supply capacity while better linking its production and trade to the global economy. If it does so, it stands to gain from unlimited demand and innovation along the supply chain. Africa in the New Trade Environment: Market Access in Troubled Times provides a comprehensive, state-of-the-art analysis by a team of renowned trade economists who present a strategy to bolster Sub-Saharan Africa’s market access in the current global environment. The book meticulously explores ways to maximize Africa’s access to the two leading world markets—the EU and the US—while also diversifying its access to the emerging Asian market. Finally, it calls for an anchoring of the continent’s market access strategy in deeper intraregional trade integration. The world’s largest free trade project—the African Continental Free Trade Area—presents a major opportunity for the region’s large, resource-rich, middle income countries to lead African firms into stronger regional and global value chain participation. |
