Wednesday, October 13, 2010

Economic Diversification in Africa: A Review of Selected Countries


A study entitled Economic Diversification in Africa: A Review of Selected Countries prepared by the African Union (AU), the UN Office of the Special Advisor on Africa and the Organisation for Economic Cooperation and Development , points out that global financial and economic crises exposed African economies’ dependence on too few export commodities and one or two sectors. It looks at how African governments can diversify their economies and begins by examining some of the major determinants of diversification and examines how the private sector plays a key role by being at the forefront of innovation, research and development and production.

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