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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Africa’s trade potential: escaping the colonial past by building a self-sustaining future |
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| Institution | University of Zurich |
| Series Name | Kühne Center Impact Series |
| Number | 04-21 |
| Number of Pages | 13 |
| Date | 2021 |
| Abstract Text | Africa accounts today for 17% of the world’s population, but less than 3% of global GDP. With a fast-growing population, the continent is projected to reach 4.3 billion inhabitants (39% of the world’s total) by the end of the century. This big domestic market could represent a significant opportunity, but the economy of the continent is not growing at the same pace. In fact, Africa is still struggling to overcome its colonial past, and to gain from its current (new-colonial) dependency from China. The consequences of this can be seen in the extremely low share of intra-African trade and the underdeveloped within-continent infrastructure network. The newly implemented African Continent Free Trade Area (AfCFTA) could prove to be a pivotal step forward, paving the way for self-sustaining economic growth and long-lasting social and geo-political stability on the African continent. |
| Official URL | https://www.kuehnecenter.uzh.ch/impact_series/2021_05_21-04-21-africas_trade_potential.html |
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