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African Economic Outlook 2014

Global Value Chains and Africa's Industrialisation

image of African Economic Outlook 2014

The African Economic Outlook 2014 analyses the continent’s growing role in the world economy and predicts two-year macroeconomic prospects. It details the performance of African economies in crucial areas: growth, financing, trade policies and regional integration, human development, and governance.

Country notes now cover all 54 African countries. They summarise recent economic growth, forecast gross domestic product for 2014 and 2015, and highlight the main policy issues facing each country. A statistical annex compares country-specific economic, social and political variables.

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Global value chains in Africa: Potential and evidence

OECD Development Centre

Global value chains (GVCs) are driven by firms that optimise their sourcing strategies through the separation of production stages. GVC integration could accelerate structural transformation in Africa if combined with upgrading. Trade in value added serves to measure global value chains. Africa so far captures a small but growing share of them. Productivity gains from value chains have been easier to achieve than employment growth.

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