But the countrys strong ties to advanced economies, notably the euro area, has made it more vulnerable to the economic slowdown of those. Alexander sokolov chen linhao chen xiong gao changlin guo xiangyu huang maoxing huang wei li minrong wang ling wen jun zhang shirong zhao xijun zhao xinli zhen shimin yang xuemei. According to the global competitiveness report 20142015, south africas transport infrastructure 32nd is good by regional standards, although its electricity supply does suffer disruptions 99th. Competitiveness observatory that would be part of the monitoring and evaluation system for the implementation of the agreement. Catching the next wave in africa, examines the industries and. The economic commission for africa has consistently highlighted this position culminating in the position paper for the 2015 addis ababa action agenda on. Africa competitiveness report 2017 world economic forum.
Consequently, addressing genderspecific barriers to entrepreneurship and leveraging the full participation of both men and women in the development of africas private sector together represent a significant opportunity to unleash africas productive potential and to strengthen economic growth. Gender, entrepreneurship, and competitiveness in africa. This practice of assessing competitiveness anchors on two premises namely 1 that. Jul, 2000 the biennial africa competitiveness report 20002001 acr is a major research activity of the world economic forum. Pdf africas competitiveness in the global economy researchgate. While the african continent is relatively young and ready to reap a significant demographic dividend as young workers enter the labor force, south africa is relatively more matureand thus its birthrate is slowing. Africa is at a critical juncture in its development trajectory. The 2017 edition of the africa competitiveness report comes out at a challenging time for the continent. Part 2 global competitiveness index south africa47 20162017.
The africa competitiveness report 2017 is a special project within the framework of the world economic forums global competitiveness and risks team. They need to know which suppliers can meet quality, quantity and time requirements, and which are financially stable andor may be able to expand or move up the value chain. Johannesburg, wednesday 09 october 2019 brand south africa welcomes the release of the 2019 edition of the world economic forum wef global competitiveness index gci, which indicates south africas overall ranking improved position from 67 out of 140 nations in 2018, to position 60 out 141 nations in 2019. The africa competitiveness report 2011, the third report jointly published by our organizations, comes out at a time when africas recovery from the global economic crisis has been faster than it has in many other parts of the world. This years global competitiveness report is the latest edition of the series launched in 1979 that provides an annual assessment of the drivers of productivity and longterm economic growth. Economic report on africa 2019 united nations economic. Values are on a 1to7 scale unless indicated otherwise. While this may be disappointing news for nigeria, it is essential to put things in perspective. The africa competitiveness report 20002001 world economic. The fundamental determinants of competitiveness in african. The africa competitiveness report 2017 addressing africas demographic dividend english abstract. The africa competitiveness report 2017 addressing africa. The biennial africa competitiveness report 20002001 acr is a major research activity of the world economic forum.
Africa competitiveness report 2015 reports world economic. It is the result of collaboration between the world economic forum, the international bank for reconstruction and development the world bank, and the african development bank. Past, present and future ifedapo adeleye, university of tennessee, usa joseph amankwahamoah, university of kent, uk nathaniel boso, university of. The africa competitiveness report 2011 comes out as the world emerges from the most significant financial and economic crisis in generations. Report on the west africa competitiveness observatory. Trade competitiveness of the middle east and north africa. This page provides the latest reported value for morocco competitiveness. The report focuses on the instrumental role of fiscal policy in crowding in investment and creating adequate fiscal space for. The africa competitiveness report was first published in 1998 and has, since 2007, been a biennial project highlighting areas that require policy action and investment to ensure africa s sustained growth. Publications african development bank building today.
While many advanced economies are still struggling to get their economies back on a solid footing, africa has, for the. The competitiveness report 2017 african development bank. The expected recovery, however, is at a slower pace than previously envisaged for about twothirds of the countries in the region, partly due to a challenging external environment. Part 2 global competitiveness index south africa47 2016. This report will examine the industries with the potential to fuel growth and development over the. Mission objectives the overall objective of this mission, the final report for which is presented here, is to provide wa and. The gcr 20032004 evaluates the economic competitiveness of 102 countries, an increase in coverage of 22 countries, many of them developing countries including 17 in africa. The median in sub saharan africa is the lowest for all the regions analyzed in the latest global competitiveness report. This is the key finding of the africa competitiveness report 2017. The ability of subsaharan africa s economies to generate enough jobs for its young and growing population rests on the successful implementation of urgent reforms to boost productivity. The potential of manufacturing and industrialization in africa. The wef gci is made up of 12 pillars, each covering a unique area of.
Africa is at a crossroads, and decisions and actions taken. Global competitiveness report 2019 world economic forum. The continents special case 5 the legacy of apartheid 7 growth challenges 10 catching the next wave. Exports, fdi, and competitiveness in africa 20092010 comparisons gci 20102011 gci 20092010 countryregion rank score rank china 27 4. The global competitiveness report 2019 reveals an average across the 141 economies covered of 61 points. The africa competitiveness report 20 english world bank. The africa competitiveness reportfocuses on har nessing africas underutilized resources. The africa competitiveness report was first published in 1998 and has, since 2007, been a biennial project highlighting areas that require policy action and investment to ensure africas sustained growth.
Imd world competitiveness ranking 2019 one year change. After having benefitted from a period of fast growth driven by strong foreign demand and. South africa is the 60 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the global competitiveness report published by the world economic forum. The africa competitiveness report was first published in 1998 and has, since 2007, been a biennial project highlighting areas that require. Download a pdf of the catching the next wave infographic. Brics innovative competitiveness report 2017 editorial board director. The global competitiveness report gcr is a yearly report published by the world economic. The africa competitiveness report 2017 addressing africas. The global competitiveness report 2018 home previous next.
The africa competitiveness report 2011 forum economique mondial. The reportalso contains indepth assessments of the state of competitiveness, the impact of foreign direct investment on the continent, and the trade performance. South africa competitiveness rank 20072019 data 2020. Action agenda for africa s competitiveness pdf regional workshop report.
The economic prospects of subsaharan africa are at crossing point. Essential among these are simplifying importexport proceduresincluding streamlining border administration to reduce the cost of procedures and delays during clearance, and improving the coordination of the clearance process. Growth in subsaharan africa is projected to remain at 3. Global competitiveness report information rw africa. Full report pdf 2mb africas economic growth is creating substantial new business opportunities that are often overlooked by global companies. Today, africas average tax revenue to gdp is below 16 per cent. Africa s longterm outlook from those of nigeria and kenya. Oxford is pleased to make available for the first time a reasonably priced paperback edition of this invaluable resource. Africa economic brief resurgent asia and lessons for africa volume 11 issue 1 04mar2020 labor force data analysis.
Without urgent action to address stagnating levels of competitiveness, africas economies will not create enough jobs for the young people entering the job. They need to know which suppliers can meet quality, quantity and time requirements, and which are financially stable andor may be. Subsaharan africa the global competitiveness report 2018. The africa competitiveness report 20 english abstract. Trend lines depict evolution in values since the 201220 edition or earliest edition available. Pdf this book highlights the key issues, opportunities and challenges facing. The transformational use of information and communication technologies in africa, world bank other operational studies 26791, the world bank. The economic literature on competitiveness in africa is focused mainly on the cfa franc zone, principally due to the. The africa competitiveness report 2011,the third report jointly published by our organizations, comes out at a time when africas recovery from the global economic crisis has been faster than it has in many other parts of the world. The africa competitiveness report 2015 comes out at a promising time for the continent. The global competitiveness index in detail south africa slightly improves both its score and ranking 47th. Catching the next wave in africa, examines the industries and populations that could propel africas future growth over the next 30 years from three of the regions important economies and regional hubs. As the result of a longstanding collaboration, the report incorporates the knowledge and expertise of the african development bank, the world bank group and the world economic forum.
In recent years, growth in several african countries has been subdued after more than a decade of solid expansion. The slowdown is largely due to the protracted low commodity prices as well as. Publications building today, a better africa tomorrow. The africa competitiveness report 20 is the result of collaboration among the world economic forum, the world bank, the african development bank, and the ministry of foreign affairs of denmark. The latest global competitiveness report paints a gloomy picture, yet it also shows that those countries with a holistic approach to socioeconomic challenges, look set to get ahead in the race to. The report also contains detailed country profiles, 160 data tables, and a record number of responses from the executive opinion survey eos on which the gci in part. Jacklynne hobbs is a freelance writer who reports on business, development. Competitiveness of eac pdf regional workshop report. Growth is projected to remain strong in nonresourceintensive countries, averaging about 6 percent. Guidelines with african specificities second edition 2020 26feb2020 longterm finance in cote divoire. Without urgent action to address low levels of competitiveness, africas economies will not create enough jobs for the young people entering the job market. This page provides the latest reported value for south africa. Profiling the gauteng cityregions international competitiveness and connections joseph parilla and jesus leal trujillo monday, november 30, 2015. While many advanced economies are still struggling to get their economies back on a solid footing, africa has, for the most part, weathered the storm remarkably well.
Indeed, africa has seen what can be termed an economic resurgence over the past decade. Efficient and effective domestic resource mobilization can address a substantial portion of this financing shortfall. The average gdp growth of the region has fallen below 5% since 2015 and is expected to grow at 3. Africa competitiveness report african development bank. It ultimately offers business leaders an overview of africas biggest opportunities. Morocco is the 75 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the global competitiveness report published by the world economic forum. The africa competitiveness report was first published in 1998 and has, since 2007, been a biennial project highlighting areas that require policy action and investment to ensure africas sustained growth, incorporating the knowledge and expertise of the african development bank, the organisation for economic cooperation and development oecd, the world bank group and the world economic forum. The africa competitiveness report 2011 foro economico mundial. Morocco competitiveness rank 20072019 data 20202022. Africa economic brief resurgent asia and lessons for africa volume 11 issue 1.
The africa competitiveness report 20 is the result of collaboration among. The ability of subsaharan africas economies to generate enough jobs for its young and growing population rests on the successful implementation of urgent reforms to boost productivity. Policies adopted now will determine how quickly the continent accelerates growth and creates prosperity for all. Competitiveness of sadc pdf regional workshop report. Africa competitiveness report 2017 african development bank. It is a global competitiveness gap that is particularly concerning, given the world economy faces the prospect of a downturn. This report discussed the evolution and prospects of manufacturing and industrialization in africa. South africas performance in the 20172018 world economic forum global competitiveness index slipped 14 positions from the 20162017 wef gci results. Africa competitiveness report 2017 african development. The world economic forum has just released the new global competitiveness report and the african press was quick to note that nigeria ranks 115 out of 140 countries worldwide. World bank global investment competitiveness report highlights the appeal of investors for information about the availability of local suppliers. The africa competitiveness report 20 comes out at a time of growing international attention focused on africa as an investment destination and mounting talk of an african economic renaissance. Africa competitiveness report 20002001 offers objective and subjective rankings of 24 african countries with an analysis of their competitive strengths and.