The Impact of South-South and North-South Trade on Industrialization in Africa

Henri Atangana Ondoa and Henri Ngoa Tabi

Chapter 7 in Regional Integration and Trade in Africa, 2015, pp 125-150 from Palgrave Macmillan

Abstract: Abstract It is generally accepted that a country is industrialized when the relative contribution of industry to gross domestic product (GDP) increases or when the proportion of people employed in the secondary sector grows. Labor productivity improves in the secondary sector, the unemployment rate falls from one year to another, per capita income increases (Alderson, 1999) and the secondary sector’s contribution to economic development is confirmed. No country can effectively promote its economic and social development without strong and buoyant industry, because it processes raw materials and creates opportunities to develop services.

Keywords: Gross Domestic Product; African Country; Trade Openness; Real Gross Domestic Product; Secondary Sector (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-46205-3_8

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DOI: 10.1057/9781137462053_8

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