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You searched for: Content Type Policy Brief Remove constraint Content Type: Policy Brief Publishing Institution United Nations University Remove constraint Publishing Institution: United Nations University Political Geography Africa Remove constraint Political Geography: Africa Publication Year within 25 Years Remove constraint Publication Year: within 25 Years Topic Financial Crisis Remove constraint Topic: Financial Crisis
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  • Author: Luc Soete, Alexis Habiyaremye
  • Publication Date: 01-2010
  • Content Type: Policy Brief
  • Institution: United Nations University
  • Abstract: Before the current global recession, many resource-rich African countries were recording unprecedented levels of growth due to a raw material price boom. However, the collapse in raw material prices and the ensuing severe economic difficulties have again exposed the vulnerability of these countries' natural resource export-focussed economic structures. In this research brief, we describe how Africa's abundance of natural resources attracted disruptive and predatory foreign forces that have hindered innovation-based growth and economic diversification by delaying the accumulation of sufficient stocks of human capital. We suggest that for their long-term prosperity, resource-rich African countries shift their strategic emphasis from natural to human resources and technological capabilities needed to transform those natural resources into valuable goods and services to compete in the global market.
  • Topic: Economics, Emerging Markets, Industrial Policy, Global Recession, Natural Resources, Financial Crisis
  • Political Geography: Africa, China, India
  • Author: Wim Naudé, Augustin Kwasi Fosu
  • Publication Date: 08-2009
  • Content Type: Policy Brief
  • Institution: United Nations University
  • Abstract: THE GLOBAL ECONOMIC CRISIS OF 2008 HAS INDUCED two negative external shocks in African countries. The first is a financial shock with the availability of credit declining and the cost of international credit increasing (a financial crisis); and the second is a shock relating to the demand for and price of exports, as most of Africa's important markets went into recession and commodity prices tumbled (an economic crisis).
  • Topic: Globalization, Poverty, Financial Crisis
  • Political Geography: Africa