27 May 2013, at the AfDB Annual Meetings.
AEO 2012 showed that, despite steady growth, Africa’s capacity to offer economic and social opportunities to its younger generation has been falling short of its demographic dynamism: African economies today are facing no less than the formidable challenge of creating more and better jobs, not just by sustaining the pace of growth, but by making it more inclusive.
A lot of the growth achieved by Africa in the last decade originated from the same, primary sectors, such as agriculture, mining and energy: many African economies continue to depend heavily on exports of unprocessed raw material, with little additional value or employment created on African soil. The abundant literature on the ‘resource curse’ has conceptualised the vicious circle of bad governance and lack of economic diversification that seems to beset those economies.
How can African economies break that vicious circle? How can its economies break away from the resource curse and bridge the transformation gap? Should they prepare to seize the new opportunities open by rising labour costs in China, and adopt East-Asian types of manufacturing, export-led strategies, like Mauritius successfully did 30 years ago? Should they invest massively in the processing of raw materials extracted from African soil, so as to climb up the global value chains and retain a larger share of their own wealth? Or should they look into an alternative “Indian model” centred around services?
Find out more on those issues, and check African countries’ new macroeconomic forecasts for 2013 and 2014 on www.africaneconomicoutlook.org.
12 June 2013 10:00 - 11:30 (GMT+01 (BST), at the Palace of Westminster
Federico Bonaglia - Head, Policy Dialogue Division, OECD Development Centre
Jan Rielaender – Lead author, thematic chapter on structural transformation and natural resources, OECD AEO 2013
Steve Kayizzi-Mugerwa - Director of Research, AfDB Africa Development Bank
Lanre Akinola - Editor, This is Africa, Financial Times
Karen Ellis- Head of Programme, International, Private Sector and Markets, ODI
Hugh Bayley MP - Chair, Africa APPG
19 June 2013, 11:00 to 14:00, at the Haus der deutschen Wirtschaft
Heiko Schwiderowski - Director Africa, Association of German Chambers of Industry and Commerce (DIHK)
Anthony Musonda Simpasa - Principal Economist, African Development Bank (AfDB)
Jan Rielaender - Economist and AEO Main Author, OECD Development CentreGudrun Kopp- Parliamentary State Secretary to the Federal Ministry for Economic Cooperation and Development (BMZ)
Japheth Omojuwa - Editor, AfricanLiberty.org
Walter Englert - Senior Vice President, German-African Business AssociationAndreas Wenzel - Secretary General, Southern Africa Initiative of German Business - SAFRI