International competitiveness in Africa

Policy Implications in the Sub-Saharan Region

Autori

• Ivohasina Fizara Razafimahefa

Parametri

• Economia e affari

Maggiori informazioni sul libro

The effects of international trade and foreign direct investment (FDI) on developing economies have long been debated. Since the 1980s, countries with open policies, particularly in Asia and parts of Latin America, have generally outperformed those with closed policies, notably in sub-Saharan Africa. As globalization continues to advance, the focus has shifted from whether to engage in the world economy to how to effectively enhance participation and maximize welfare gains. Sub-Saharan African nations must engage in international trade and investment, with policies aimed at boosting international competitiveness deemed essential. Competitiveness in trade is defined as a country's ability to produce and sell goods internationally at lower prices than competitors, while competitiveness in investment refers to attracting significant foreign investment inflows. This analysis adopts a dynamic approach to comparative advantage, recognizing that competitors are also working to improve their capabilities in trade and investment. Thus, the study emphasizes the importance of developing strategies that enhance a country's competitiveness in the global market.

Lingua: Inglese

Pubblicato: 2007

(Copertina rigida)