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EN
The World Has Changed. African Countries Must Rethink How They Grow Their Economies
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TechFinancials
As an economist who has written about how weaponisation of global trade affects African economies, I believe structural transformation still matters.
Trade barriers generally fell, demand for manufactured goods expanded, and richer countries steadily moved out of low-wage industries as incomes increased.
The continent’s share of global manufacturing has fallen from roughly 3% in the 1970s to less than 2% today.
This challenge does not make structural transformation impossible.
Finally, recognise that agriculture is central to structural transformation, not separate from it.