The Global Shift in Wealth: What does it mean for African LDCs?
Policy Brief
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- File Details
- Size: 25MB
- Creator / Author: Joan Addedis
- Resource Type: Africa Capacity Report
- # Download: 254
- Access: Open to Download
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EPRC Policy Brief NO 14.pdf
Basic Information
Creator / Author
Jan Rielnder,
Source / Publisher
Economic Policy Research Centre (EPRC)
Resource Type
Geographic & Audience Details
Geographic Coverage
Classification & Domains
Subject
Economic Development
Abstract
The Global Shift in Wealth describes the structural transformation of the global economy in which the worlds economic centre of gravity has moved towards the east and south, from OECD members to emerging economies. African LDCs are at the centre of this shift. In 2009 emerging partners have overtaken traditional partners in trade with African LDCs. Manufactured exports have followed this shift and go to 52 percent to emerging partners. FDI is still largely provided by traditional partners but will likely follow the trend of trade.
Keywords
Least Developed Countries (LDCs), Global Economy
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