Production processes have become increasingly fragmented across the globe as companies seek out competitive locations for their various production tasks. In this new trade reality, developing countries are no longer obliged to create entire industries to participate in competitive markets. They can now access global value chains directly by providing specific skills or products to international production networks. This opens up new and quicker routes for development. Currently, Africa captures a small but growing share of trade in global value chains, with sectors integrating differently. Its share in global trade in value added grew from 1.4% in 1995 to 2.2% in 2011.
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Africa: economic transformation hinges on unlocking potential of cities, says the African Economic Outlook 2016
AfricanEconomicOutlook.org offers comprehensive and comparable data and analysis of 54 African economies.