Rethinking Trade Preferences: How Africa Can Diversify its Exports

What Can Africa Expect From Its Traditional Exports?

This study examines the implications of recent trade trends and long-term price projections for Sub-Saharan Africa’s major exports. Its policy message for Africa is two fold. First, Africa must diversify away from traditional products or continue to experience serious negative trade effects including; (i) declining or relatively low growth in global demand for these goods, (ii) falling real pri...

Exports, Trade Liberalization and Economic Growth in Sub-Saharan Africa

Can Trade Reduce Poverty in Africa?

Trade liberalization is being actively promoted as a key component of development strategies. Through greater efficiency in resource allocation, specialization in production, dissemination of knowledge and technological progress, and competition, trade liberalization should favor economic development and growth. How is this reflected in poverty? In theory, a more liberalized trade regime will m...

Discussant comments on “ How can trade improve food security in sub - Saharan Africa ? ”

Trade and food security discussions have changed significantly in recent years, reflecting a more general change in perspective on “the right price of food” (Swinnen 2011). Until 2007 the dominant view was that low prices for agricultural products were causing poverty and food insecurity among poor households in developing countries. Trade policy discussions emphasized the importance of reducin...

Gravity Model of Trade and Russian Exports