Evan Carmichael Top Header about About About facebook Twitter YouTube Google+

1.0 Recent Economic Trends and Prospects for 2007: Economic Report on Africa 2007



Free PDF Download
VI. Module III: National, Regional, and International Support - By United Nations Economic Commission for Africa

Name: Email:


Developments in the world economy have important implications for African economies
through various channels, including demand for African export commodities,
the impact on the trade balance and the cost of external borrowing (via world interest
rates). These developments are influenced by monetary, fiscal and trade policies
adopted by major industrialized countries as well as by exogenous events such as oil
price shocks.

Growth in the world economy remains dominated by the Asian economies, which
continue to grow at more than 8 per cent per annum. In contrast, growth in advanced
economies remains modest and is yet to reach the pre-2001 level. Key constraints to
growth include the massive global macroeconomic imbalances along with tight macroeconomic
stances in advanced economies, which prevent demand-led recovery.
High oil prices also undermine growth in both advanced and developing countries
through high production costs.

Some positive developments in the world economy are likely to sustain growth in
African countries. These include high export prices for export commodities due to
high demand especially from Asia, delivery of promised aid and debt relief, and
rising inflows of foreign direct investment (FDI) with an increasing share coming
from China and India, and higher inflows of workers’ remittances. However, these
developments need to be supported by adequate domestic pro-growth policies to
maximize the gains from increased external resources.


Related Articles

  1.8 References: Economic Report on Africa 2007
  4.0 Diversification trends in Africa: Economic Report on Africa 2007
  References: What Drives China’s Growing Role in Africa?
  V. D. The Future of China-Africa Economic Relations: FACTORS INFLUENCING THE GROWING TIES
  CONCLUSION: What Drives China’s Growing Role in Africa?
  Is Africa Choking on its own development?
  What Drives China’s Growing Role in Africa?
  Least Developed Countries Report, 2007
  III. A. China’s African Policy and New Commitments for 2007–09: THE ROLE OF CHINA’S PUBLIC SECTOR
  Franchise Blog
  2.0 Gender in African economies: Gender Entrepreneurship and Competitiveness in Africa, 2007
  V. B. African Demand for Infrastructure: AID VS. COMMERCE: FACTORS INFLUENCING THE GROWING TIES
  IV. A. Private Traders: THE ROLE OF THE PRIVATE SECTOR
  Loan Guarantees Main Source of Fannie Mae and Freddie Mac Losses
  Loan Guarantees Main Source Of GSE Losses
  II.B. Official Development Assistance and Debt Relief: TRADE AND CAPITAL FLOWS BETWEEN CHINA AND AFRICA
  Introduction: Human Capital and Economic Development
  V. A. Markets for Exports: AID VS. COMMERCE: FACTORS INFLUENCING THE GROWING TIES
  III. C. Commercial Policies: THE ROLE OF CHINA’S PUBLIC SECTOR
  Conducive Environments for Leveraging Economic Opportunity in Africa

Home > African-Accounts > United Nations Economic Commission for Africa > 10 Recent Economic Trends and Prospects for 2007 Economic Report on Africa 2007 >

Free PDF Download
VI. Module III: National, Regional, and International Support - By United Nations Economic Commission for Africa

Name: Email:

About the Author: United Nations Economic Commission for Africa

RSS for United Nations's articles - Visit United Nations's website
The United Nations Economic Commission for Africa (ECA) is the regional arm of the United Nations, mandated to support the economic and social development of its member States, foster intra-regional integration, and promote international cooperation for Africa's development.
Click here to visit United Nations's website.
Dashed Line

More from United Nations Economic Commission for Africa
51 The development model should determine the optimal trade policy Economic Report on Africa 2007
53 Conclusion Economic Report on Africa 2007
Overview VI Economic Report on Africa 2007
31 Developments in trade negotiations VI Economic Report on Africa 2007
51 There can be little diversification without an optimal trade policy Economic Report on Africa 2007

Related Forum Posts

Green Gardener Goals Green Gardener Goals
Update: Spam software Update: Spam software
Re: For all Women Entrepreneurs Re: For all Women Entrepreneurs
2007 Goals 2007 Goals
Re: need advice Re: need advice

Share this article. Fund someone's dream.

Share this post and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
Share for a Cause
Featured Video


Expert author video by:
Jesse Hopps, Free Small Business Templates



Worksheets
By: Evan Carmichael

8 Powerful Steps to Finding Your Passion

Do you have what it takes to be an entrepreneur?

Does your pitch suck?

Create a plan of attach to launch your new business.

8-Cover

Like this page? PLEASE +1 it! Evan Signature
Bottom Footer



Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

Order Takers vs. Influencers

Environment and productivity at the office

Let's Replace this Expression: 'No Pain, No Gain'

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.