International Trade: The Position of Africa in Global Merchandise Trade
Identifikátory výsledku
Kód výsledku v IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F62156489%3A43310%2F17%3A43911764" target="_blank" >RIV/62156489:43310/17:43911764 - isvavai.cz</a>
Výsledek na webu
<a href="https://doi.org/10.5772/intechopen.68897" target="_blank" >https://doi.org/10.5772/intechopen.68897</a>
DOI - Digital Object Identifier
<a href="http://dx.doi.org/10.5772/intechopen.68897" target="_blank" >10.5772/intechopen.68897</a>
Alternativní jazyky
Jazyk výsledku
angličtina
Název v původním jazyce
International Trade: The Position of Africa in Global Merchandise Trade
Popis výsledku v původním jazyce
Even though global trade has fluctuated over the years, it has also rapidly increased. However, the structure and pattern of trade vary significantly by-products and regions. Undoubtedly, trade has come with both benefits and daunting challenges to countries involved, especially in African nations, where primary and intermediate merchandise formed a substantial share of exports. Because advanced and newly industrialized economies have better technology and know-how, manufacturing industries, access to finance, and market than Africa, they have a greater market proportion in the world trade. Arguably, African countries have been left in the cold as they struggle to compete with advanced economies. As presented in this chapter, Africa has been struggling to be relevant in the world market. However, its global share of merchandise trade has reduced over the decades. This is partly because the continent has concentrated on the exportation of few primary commodities (i.e., mineral fuels, iron ores, gold, cocoa beans) with volatile prices and demand in the global markets. The frequent global oil crunch other raw products are a wake-up call for a rapid industrialization and diversification for competitiveness in Africa. The World Trade Organization (WTO) has to ensure that defensive trade remedies should not be the next frontier of protectionism. Finally, for trade, growth, and development to be stimulated, African countries should urgently open their markets to expand intra-African trade.
Název v anglickém jazyce
International Trade: The Position of Africa in Global Merchandise Trade
Popis výsledku anglicky
Even though global trade has fluctuated over the years, it has also rapidly increased. However, the structure and pattern of trade vary significantly by-products and regions. Undoubtedly, trade has come with both benefits and daunting challenges to countries involved, especially in African nations, where primary and intermediate merchandise formed a substantial share of exports. Because advanced and newly industrialized economies have better technology and know-how, manufacturing industries, access to finance, and market than Africa, they have a greater market proportion in the world trade. Arguably, African countries have been left in the cold as they struggle to compete with advanced economies. As presented in this chapter, Africa has been struggling to be relevant in the world market. However, its global share of merchandise trade has reduced over the decades. This is partly because the continent has concentrated on the exportation of few primary commodities (i.e., mineral fuels, iron ores, gold, cocoa beans) with volatile prices and demand in the global markets. The frequent global oil crunch other raw products are a wake-up call for a rapid industrialization and diversification for competitiveness in Africa. The World Trade Organization (WTO) has to ensure that defensive trade remedies should not be the next frontier of protectionism. Finally, for trade, growth, and development to be stimulated, African countries should urgently open their markets to expand intra-African trade.
Klasifikace
Druh
C - Kapitola v odborné knize
CEP obor
—
OECD FORD obor
50204 - Business and management
Návaznosti výsledku
Projekt
—
Návaznosti
I - Institucionalni podpora na dlouhodoby koncepcni rozvoj vyzkumne organizace
Ostatní
Rok uplatnění
2017
Kód důvěrnosti údajů
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů
Údaje specifické pro druh výsledku
Název knihy nebo sborníku
Emerging Issues in Economics and Development
ISBN
978-953-51-3529-6
Počet stran výsledku
25
Strana od-do
65-89
Počet stran knihy
89
Název nakladatele
InTech Open Access Publisher
Místo vydání
Rijeka
Kód UT WoS kapitoly
—