The Export Performance of Sub-Saharan Africa, 1970-19+L69390: A Survey

Joshua Greene

No 1992/055, IMF Working Papers from International Monetary Fund

Abstract: The export performance of Sub-Saharan Africa has lagged behind that of developing countries in other regions for the past two decades, and total export proceeds have fallen significantly since 1980. Many factors explain this outcome, including continued concentration in slowly-growing non-fuel primary commodities and domestic economic policies that have discouraged new investment that could promote diversification and increased production of traditional crops. Diversification into new agricultural products and light manufactures could boost export earnings, but only if the region can compete successfully with existing producers elsewhere. In most countries this will require major structural reforms to create a more attractive economic environment.

Keywords: WP; chief export commodity; unit value; commodity export; exchange rate; export growth; export market; export production; export quota; export share; low income; real purchasing power; export activity; petroleum export commodity; export unit value; export industry; phosphate export; Exports; Agricultural commodities; Export earnings; Export performance; Sub-Saharan Africa; Africa; Eastern Europe; Western Europe; Global (search for similar items in EconPapers)
Pages: 50
Date: 1992-07-01
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