Global Trends In Africa S Development

"The ongoing COVID-19 pandemic marks the most significant, singular global disruption since World War II, with health, economic, political, and security implications that will ripple for years to come." -Global Trends 2040 (2021) Global Trends 2040-A More Contested World (2021), released by the US National Intelligence Council, is the latest report in its series of reports starting in 1997 about megatrends and the world's future. This report, strongly influenced by the COVID-19 pandemic, paints a bleak picture of the future and describes a contested, fragmented and turbulent world. It specifically discusses the four main trends that will shape tomorrow's world: - Demographics-by 2040, 1.4 billion people will be added mostly in Africa and South Asia. - Economics-increased government debt and concentrated economic power will escalate problems for the poor and middleclass. - Climate-a hotter world will increase water, food, and health insecurity. - Technology-the emergence of new technologies could both solve and cause problems for human life. Students of trends, policymakers, entrepreneurs, academics, journalists and anyone eager for a glimpse into the next decades, will find this report, with colored graphs, essential reading.

Africa’s Development Dynamics uses lessons learned in the continent’s five regions – Central, East, North, Southern and West Africa – to develop policy recommendations and share good practices. Drawing on the most recent statistics, this analysis of development dynamics attempts to help African leaders reach the targets of the African Union’s Agenda 2063 at all levels: continental, regional, national and local.

Academic Paper from the year 2019 in the subject Economics - Macro-economics, general, grade: A, Kenyatta University, language: English, abstract: This report identifies global megatrends, which have the capacity to significantly influence the core responsibilities of South African government, such as economic prosperity, security, social cohesion, and environmental sustainability. The world is currently experiencing rapid changes in both developed and developing economies. Technology is fastening interconnectedness of people globally while also disrupting long-held assumptions regarding national boundaries. Never in the history of humankind has the information been so instantaneously accessible and communication possible regardless of one’s location on the globe. Furthermore, wealth and prosperity is now spanning many geographic boundaries and civilizations from West to East and from the Northern hemisphere to Southern. In addition, climate change has also become a major global concern in the midst of the rising frequency and magnitude of extreme weather events, such as floods and violent storms. Professor Milo Jones highlights that geopolitical issues will also have a major claim to the future of global economies. For instance, recent reports already indicate that the world is entering a post-Western era with China and India reemerging as global political and economic powers. While acknowledging these changes, it is vital that specific national governments understand these megatrends and how they might affect the country in the years to come. It is also important to note that the impact of these global trends affects countries differently while some of them like climate change is expected to continue for the foreseeable future.

Africa welcomes business investment and offers some of the world's highest returns and impacts Africa has tremendous economic potential and offers rewarding opportunities for global businesses looking for new markets and long-term investments with favorable returns. Africa has been one of the world's fastest-growing regions over the past decade, and by 2030 will be home to nearly 1.7 billion people and an estimated $6.7 trillion worth of consumer and business spending. Increased political stability in recent years and improving regional integration are making market access easier, and business expansion will generate jobs for women and youth, who represent the vast majority of the population. Current economic growth and poverty-alleviation efforts mean that more than 43 percent of the continent's people will reach middle- or upper-class status by 2030. Unlocking Africa's Business Potential examines business opportunities in the eight sectors with the highest potential returns on private investment—the same sectors that will foster economic growth and diversification, job creation, and improved general welfare. These sectors include: consumer markets, agriculture and agriprocessing, information and communication technology, manufacturing, oil and gas, tourism, banking, and infrastructure and construction. The book's analysis of these sectors is based on case studies that identify specific opportunities for investment and growth, along with long-term market projections to inform decision-making. The book identifies potential risks to business and offers mitigation strategies. It also provides policymakers with solutions to attract new business investments, including how to remove barriers to business and accelerate development of the private sector.

In recent years, Africa has undergone the longest period of sustained economic growth in the continent’s history, drawing the attention of the international media and academics alike. This book analyses the Africa Rising narrative from multidisciplinary perspectives, offering a critical assessment of the explanations given for the poor economic growth and development performance in Africa prior to the millennium and the dramatic shift towards the new Africa. Bringing in perspectives from African intellectuals and scholars, many of whom have previously been overlooked in this debate, the book examines the construction of Africa’s economic growth and development portraits over the years. It looks at two institutions that play a vital role in African development, providing a detailed explanation of how the World Bank and the IMF have interpreted and dealt with the African challenges and experiences. The insightful analysis reveals that if Africa is rising, only 20-30 per cent of Africans are aboard the rising ship, and the main challenge facing the continent today is to bring on board the majority of Africans who have been excluded from growth. This book makes the complex, and sometimes confusing debates on Africa’s economic growth experience more accessible to a wide range of readers interested in the Africa story. It is essential reading for students and researchers in African Studies, and will be of great interest to scholars in Development Studies, Political Economy, and Development Economics.

The book takes a cursory look at the drivers and the directions of Africa’s developmental drive as a largely developing continent within the frameworks of the ever-dynamic global space, putting into perspective inherent challenges and opportunities of the 21st Century, and thereafter. Being the continent with most youthful population, Africa appears to still lack in requisite innovative interventions to transmute such demographic dividend into economic opportunities for the benefits of the larger population. Instead, there has been increasing trend in South-North migrations among both skilled and unskilled Africans across all age groups. Besides, impacts of climate change on the continent have also implied unstructured migratory trend within and beyond the bounds of the continent. Africa has continued to play a feeble role in various United Nations (UN)-enabled ‘Conference of Parties’ (COP) negotiations, such as the COP-26 in Glasgow, Scotland (2021). The management of recent Covid-19 epidemic across the world has presented a clear pointer to Africa that except development is internally-driven, no one is ready to exogenously drive sustainable good life for others. Ostensible ‘vaccine nationalism’ that has dotted the production and availability of various Covid-19 vaccine brands, which has ultimately left Africa as the ‘begging continent’ one more time calls for in-depth interrogation in contextualizing what the place of Africa has been, is and to be within the global interactive mode.

The world is currently experiencing a massive change in the balance of power as influence and industry shift from the West to the East. Whilst African developments will not become a substantive driver and factor in global scenarios in the next two or three decades, the importance of the region will steadily increase. This monograph looks at key shifts that will determine the future of Africa in the world. The first four 'megatrends' constitute those external developments that will impact upon Africa and over which it has little control, namely the global shift of power from West to East, the impact of climate change, globalisation, and state power and interdependence and complexity. The second set of 'African variables' reflects domestic developments: Africa's population dynamics, trade, democratisation/ governance, and peace and stability. Collectively the two sets of factors provide a glimpse of the possible emerging futures for the continent. Africa's future will be determined by its leadership and the choices that are made by Africa's elected and unelected Big Men -- not by the size of their ideas, but in the example they set in the daily decisions about contacts, conflict of interest and democratic accountability.