IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-65715-3_16.html
   My bibliography  Save this book chapter

Commodity Exports and Economic Transformation in Africa

In: The Palgrave Handbook of International Trade and Development in Africa

Author

Listed:
  • Matthew Kofi Ocran

    (University of the Western Cape)

Abstract

The beginning of the 1990s saw a new growth momentum in Africa after years of stagnation and deterioration in key economic indicators. By the first decade of the 2000s economic growth in most countries in Africa was on a positive trajectory. The role of primary commodity exports in determining economic outcomes in most countries on the continent can’t be overemphasised. However, for economic transformation to ensue, countries need to shift resources from agriculture to more productive sectors of the economy where productivity is higher. Thus far, the structural changes witnessed have not been deep enough to transform the economies. The transition to high productivity sectors can be facilitated via the participation in global value chains. The African Continental Free Trade Area agreement can assist structural transformation by easing barriers that impede cross-border trade and thereby support the shift from primary commodities to the exports of intermediates and final goods and services.

Suggested Citation

  • Matthew Kofi Ocran, 2024. "Commodity Exports and Economic Transformation in Africa," Springer Books, in: Matthew Kofi Ocran & Joshua Yindenaba Abor (ed.), The Palgrave Handbook of International Trade and Development in Africa, chapter 0, pages 303-322, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-65715-3_16
    DOI: 10.1007/978-3-031-65715-3_16
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-65715-3_16. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.