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The Africa Competitiveness Report 2015

TARIFFS RISKS CAPITAL MARKETS REGULATORY FRAMEWORK FISH UNEMPLOYMENT RATES ECONOMIC GROWTH POLICY ENVIRONMENT ENVIRONMENTAL PROBLEMS INCOME AGRICULTURAL PRODUCTION PRODUCERS RESOURCE MANAGEMENT PROPERTY RIGHTS BALANCE OF PAYMENTS FINANCIAL RESOURCES RESOURCE ALLOCATION LABOR FORCE STATISTICAL DATA EMISSIONS POLITICAL ECONOMY REVENUES ENVIRONMENTAL ISSUES SUSTAINABLE MANAGEMENT INCENTIVES ECONOMIC POLICY DISTRIBUTION MODELS EMPIRICAL STUDIES INPUTS OWNERSHIP DECISIONS DEVELOPED COUNTRIES EMPIRICAL ANALYSIS ECONOMIC ACTIVITY DEVELOPMENT EFFICIENT REGULATION OIL PRICES ARABLE LAND OIL FOOD POLICY RESEARCH POPULATION GROWTH PRODUCTIVITY ECONOMETRICS LABOR PRODUCTIVITY OPTIONS EXTERNALITIES BARRIERS TO ENTRY DEBT MARKETS WELFARE GAINS NATURAL RESOURCES METALS SUBSIDIES PRODUCTION OUTPUT EFFICIENCY FOOD PRODUCTION MARKET ECONOMIES TAXES LAND USE RESOURCES UNEMPLOYMENT EQUITY PRODUCTIVITY GROWTH VALUE ADDED RURAL COMMUNITIES CAPITAL WAGES AGRICULTURAL INTENSIFICATION CLIMATE CHANGE ENVIRONMENTAL MANAGEMENT ECOLOGICAL FACTORS VALUES MARKET PRICES VALUE COMPETITIVENESS ECONOMIC STRATEGIES CREDIT QUALITY STANDARDS ENVIRONMENTAL IMPACTS PURCHASING POWER PATENTS NATIONAL INCOME SUSTAINABLE GROWTH INTERMEDIATE GOODS ECONOMY AGRICULTURE ENVIRONMENTS PUBLIC GOVERNANCE PROPERTY TAX RATES ENVIRONMENT WEATHER PATTERNS ECONOMICS TERMS OF TRADE SECURITIES BASIC METALS CAPITAL GOODS ECONOMIC FACTORS ECONOMIC DEVELOPMENT CARTELS TRADE LAND ECONOMIES OF SCALE COMPARATIVE ANALYSIS GROWTH RATE INVESTMENT EXTREME POVERTY COMPARATIVE ADVANTAGE COAL FARMS ECONOMIC INFORMATION COMPETITIVE MARKETS NET WORTH REVENUE EMPIRICAL EVIDENCE HIGH UNEMPLOYMENT SCIENTIFIC RESEARCH RECYCLING ECONOMISTS NATURAL RESOURCES ACCOUNTING PASTURES AVERAGE PRODUCTIVITY INTERMEDIATE INPUTS PROFITS ENVIRONMENTAL LABOR MARKETS PUBLIC GOOD WETLANDS GROWTH POTENTIAL DEMOGRAPHICS PRICES NEGATIVE EXTERNALITIES BENEFITS ECONOMIES PRODUCTION PROCESSES DEVELOPMENT POLICY PUBLIC GOODS COMPETITION
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Geneva: World Economic Forum
Africa | Africa
2015-06-09T18:38:06Z | 2015-06-09T18:38:06Z | 2015-06-01

The Africa Competitiveness Report 2015 comes out at a promising time for the continent: for 15 years growth rates have averaged over 5 percent, and rapid population growth holds the promise of a large emerging consumer market as well as an unprecedented labor force that - if leveraged - can provide significant growth opportunities. Moreover, the expansion of innovative business models, such as mobile technology services, is indicative of the continents growth potential. However, Africa continues to be largely agrarian, with an economy that is underpinned by resource-driven growth and a large and expanding informal sector. Indeed, more than a decade of consistently high growth rates have not yet trickled down to significant parts of the population: nearly one out of two Africans continue to live in extreme poverty, and income inequality in the region remains among the highest in the world. What is more, across sectors - from agriculture to manufacturing and services - productivity levels remain low. It will be necessary to raise productivity across all sectors of the economy to achieve higher growth and create quality employment, and turn this progress into sustainable inclusive growth.

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