Making It, Issue 5: Trade: engine of development? March 2011
This issue of Making It: Industry for Development focuses on recent developments in global trade.
In the keynote article, Peter Sutherland, a former Director-General of the World Trade Organization, argues that a conclusion of the Doha Round is essential if all countries are to share the benefits of global trade. Highlighting the link between trade growth and the growth of the world economy, he calls on world leaders to make a refreshed commitment to multilateral trade.
Xiao Ye examines the recent surge in trade between Africa and China. She notes that sub-Saharan African countries’ exports to China are dominated by raw materials, and that China looks to other parts of the world to supply its growing demand for manufactured goods, transport equipment and machinery. When will Africa start to produce the value-added goods that account for more than 70% of Chinese imports? Could Chinese investment be the driver of Africa’s long-awaited industrialization process?
Still on Africa, Professor Colin McCarthy questions the approach to regional integration, and reminds policymakers not to overlook the need to develop a nation’s capacity to produce competitive goods and services. Elsewhere, on the issue of trade and its carbon footprint, representatives of the shipping and aviation industries give upbeat assessments of their efforts to reduce CO2 emissions.
There are also articles on climate compatible development, on Cape Verde’s graduation from Least Developed Country status, a feature on Timor-Leste, and much more.
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