Africa's natural wealth: A curse or a blessing?

Volume
1,
Number
3
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4 July 2012
4 July 2012
The resource paradox Prior to the RIO +20 conference, African leaders adopted the "African Consensus Statement on Rio +20" in which they noted that Africa is largely dependent on natural resources to achieve growth and development that may be hindered by the impact of climate change. Civil society...
4 July 2012
An abundance of natural resources is intuitively expected to be a blessing. Nonetheless, it has been argued for some decades that large endowments of natural resources—oil, gas, and minerals in particular—may actually become more of a curse, often leading to slow economic growth and redistributive...
4 July 2012
According to a recently published study by consultancy Oxford Policy Management, the number of commodities-dependent countries with low and middle incomes has risen by more than 30 per cent between 1996 and 2010 – up from 46 to 61 countries – leaving them vulnerable to the resource curse. Half of...
4 July 2012
Globalisation, the increasing complexity of production processes, as well as environmental and social challenges call for transparent and compelling guidelines at the global level. International rules are often ill-equipped to deal with these issues. With this in mind, the Swiss State Secretariat...
4 July 2012
Africa ranks last in terms of intra-regional trade after Europe, Asia and North America according to a 2011 WTO report. Natural resources dominate Africa’s economy, leaving other sectors neglected and underdeveloped. Political and economic factors also contribute to Africa’s poor performance vis-à-...
4 July 2012
The need to enhance intra-African trade among African countries led to the formation of the EAC-COMESA-SADC (East African Community; Common Market for Eastern and Southern Africa and the Southern Africa Development Community) tripartite Free Trade Agreement (TFTA), as well as to the proposed 2017...
4 July 2012
There is broad recognition that gender equality matters for economic development. Trade, a key component of economic development, should not be an exception. Much of the literature on gender equality and trade has focused on the gender impact of trade liberalisation policies, with hotly contested...
4 July 2012
CRITICAL VOICES DROWN OUT / OFFICIAL OUTCOME AT RIO+20 The lack of actionable outcomes from UNCSD was widely panned by the media and civil society. But some conference-goers say the future of sustainable development is not bleak. Following months of informal negotiations amid lowered expectations,...
4 July 2012
US, African Officials Push for Extension of AGOA Textile Provision African and US government officials renewed calls on 13 June for the US Congress to quickly extend the Third-Country Fabric (TCF) provision that allows several African countries certain benefits in the area of textile trade. However...
4 July 2012
Realising the Potential of the UNFCCC Technology Mechanism – ICTSD – May 2012 This publication brings together a series of think pieces that address the potentials and challenges of using the UN Framework Convention on Climate Change (UNFCCC) Technology Mechanism (TM) to improve technology...