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Service exports are the fastest growing portion of world trade and now account for nearly a quarter of global exports. Tradable services contribute to economic growth and development by bolstering industrial capabilities, facilitating productivity growth and investment, and contributing directly to...
Regional integration is making steady progress in Southern Africa, leading to the development of regional value chains (RVCs) that could strengthen the competitiveness of the region. Importantly, the development of RVCs also creates pressure for further integration. While integration brings major...
– Are they persistently high-growth firms?
The analysis of firm growth has been a topic of consistent economic interest as a growing body of literature has lent support to the possibility that the majority of growth and new employment creation is the result of a small sub-sector of high-growth firms (HGFs). While this has been demonstrated...
Regional integration in Africa has potential for increasing regional trade and contribute towards industrialization and economic development. Agro-processing trade offers numerous opportunities for southern Africa countries and is a potential area of business to reduce poverty in the region. However...
The design and implementation of industrial policy should be closely linked to spatial considerations. Firm output and productivity are often location-specific, with factors such as the availability of physical infrastructure, proximity to sources for raw materials, and the potential for adopting...
– Blueprint, experiences, and outcomes
East Asia’s successful experience in accelerating the process of industrial development with SEZs paved way for the use of SEZs as policy instruments in Africa. In southern Africa, Zambia and South Africa instituted SEZs in legal and institutional frameworks in the 2000s as mechanisms for catalysing...
– Transnational growth corridors as a solution
Comprehensive harmonization is crucial to eliminate inefficiencies that hamper free movement of goods and services in the Southern African Development Community (SADC) region. Territorial collaboration between metropolitan clusters and rural areas connected by transport corridors is a potential key...
The success of an economy’s manufacturing sector is often critical to economic growth and development. As a major contributor to exports, site of innovation, adopter of international best practices, and engine of job creation, an internationally competitive manufacturing sector often drives output...
– Can foreign direct investment help South Africa increase the complexity of its exports?
Since the end of apartheid, South Africa’s economic challenges have disrupted efforts to establish a society of inclusive growth and prosperity. Understanding how South Africa can break the pattern of sluggish growth, high unemployment, inequality and poverty is a pressing policy issue. The overall...
– Natural gas as a key
Plastics are universal and integrated into different sectors of the economy. Industrial policy requires countries to look at moving up the value chain and producing progressively more sophisticated products to contribute to improved economic development. The input materials that are used for...
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