African Perspectives on Trade and the WTO Book contents
- African Perspectives on Trade and the WTO
- African Perspectives on Trade and the WTO
- Copyright page
- Contents
- Figures
- Plates
- Contributors
- Message
- Joint Foreword
- Book part
- Glossary
- Disclaimer
- 1 Introduction and Overview
- Part I The Future of the Multilateral Trading System: Perspectives from African Policy-Makers and Partners
- 2 African Union Priorities at the WTO
- 3 Economic Diversification in Africa’s Number One Economy
- 4 Trade, Investment and Development
- 5 Integration into Global and Regional Value Chains – How Is It Done? The Experience of Lesotho in the Textiles and Apparel Sector
- 6 From Marrakesh to Nairobi: Africa – A Force for the World Trading System: From the Past Twenty Years to the Next Twenty Years
- 7 Building Capacity in Africa to Facilitate Integration into Global Value Chains: Contributions from the ITC
- 8 Investment and Trade Rules: Increasing the Stock of African Foreign Direct Investment Flows
- 9 Deepening African Integration: Intra-African Trade for Development and Poverty Reduction
- Part II Africa’s Participation in the Rules-Based Multilateral Trading System
- Part III Selected Development Experiences and Perspectives
- Book part
- Index
- Plate Section (PDF Only)
- Book part
- References
8 - Investment and Trade Rules: Increasing the Stock of African Foreign Direct Investment Flows
from Part I - The Future of the Multilateral Trading System: Perspectives from African Policy-Makers and Partners
Published online by Cambridge University Press: 27 October 2016
- African Perspectives on Trade and the WTO
- African Perspectives on Trade and the WTO
- Copyright page
- Contents
- Figures
- Plates
- Contributors
- Message
- Joint Foreword
- Book part
- Glossary
- Disclaimer
- 1 Introduction and Overview
- Part I The Future of the Multilateral Trading System: Perspectives from African Policy-Makers and Partners
- 2 African Union Priorities at the WTO
- 3 Economic Diversification in Africa’s Number One Economy
- 4 Trade, Investment and Development
- 5 Integration into Global and Regional Value Chains – How Is It Done? The Experience of Lesotho in the Textiles and Apparel Sector
- 6 From Marrakesh to Nairobi: Africa – A Force for the World Trading System: From the Past Twenty Years to the Next Twenty Years
- 7 Building Capacity in Africa to Facilitate Integration into Global Value Chains: Contributions from the ITC
- 8 Investment and Trade Rules: Increasing the Stock of African Foreign Direct Investment Flows
- 9 Deepening African Integration: Intra-African Trade for Development and Poverty Reduction
- Part II Africa’s Participation in the Rules-Based Multilateral Trading System
- Part III Selected Development Experiences and Perspectives
- Book part
- Index
- Plate Section (PDF Only)
- Book part
- References
Summary
Trade can be a powerful engine for development. But harnessing trade for development in Africa requires investment to foster lasting economic transformation. Investment, therefore, is key to unlocking the potential of trade-led growth. While flows of foreign direct investment (FDI) into Africa paint a familiar picture of the dominance of extractive industries, the reality is more nuanced and promising. The fact that FDI stocks in Africa are geared towards the burgeoning services sector offers immense potential for countries in Africa to access and climb regional and global value chains; however, unless interrelated policy challenges are addressed, Africa will not be able to optimize the benefits of FDI. Combined with efforts at national and regional levels, the WTO should be better used by African countries to properly exploit the trade-investment nexus for the achievement of the United Nations’ Sustainable Development Goals.
- Type
- Chapter
- Information
- African Perspectives on Trade and the WTODomestic Reforms, Structural Transformation and Global Economic Integration, pp. 52 - 58Publisher: Cambridge University PressPrint publication year: 2016