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The Impact of South-South and North-South Trade on Industrialization in Africa

In: Regional Integration and Trade in Africa

Author

Listed:
  • Henri Atangana Ondoa
  • Henri Ngoa Tabi

Abstract

It is generally accepted that a country is industrialized when the relative contribution of industry to gross domestic product (GDP) increases or when the proportion of people employed in the secondary sector grows. Labor productivity improves in the secondary sector, the unemployment rate falls from one year to another, per capita income increases (Alderson, 1999) and the secondary sector’s contribution to economic development is confirmed. No country can effectively promote its economic and social development without strong and buoyant industry, because it processes raw materials and creates opportunities to develop services.

Suggested Citation

  • Henri Atangana Ondoa & Henri Ngoa Tabi, 2015. "The Impact of South-South and North-South Trade on Industrialization in Africa," Palgrave Macmillan Books, in: Mthuli Ncube & Issa Faye & Audrey Verdier-Chouchane (ed.), Regional Integration and Trade in Africa, chapter 7, pages 125-150, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-46205-3_8
    DOI: 10.1057/9781137462053_8
    as

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