Africa now accounts for about one per cent of global manufacturing, and cannot realistically hope to reduce widespread poverty if its governments don't take effective measures to expand this vital economic sector, says a new joint report by UNCTAD and the United Nations Industrial Development Organisation. The 'Economic Development in Africa Report 2011', subtitled 'Fostering Industrial Development in Africa in the New Global Environment', calls for a practical, well-designed approach to indu...read more
Africa now accounts for about one per cent of global manufacturing, and cannot realistically hope to reduce widespread poverty if its governments don't take effective measures to expand this vital economic sector, says a new joint report by UNCTAD and the United Nations Industrial Development Organisation. The 'Economic Development in Africa Report 2011', subtitled 'Fostering Industrial Development in Africa in the New Global Environment', calls for a practical, well-designed approach to industrialisation, that is adjusted to specific country circumstances and based on extensive discussion with and feedback from businesses and entrepreneurs.