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MAKING THE MOST OF AFRICA’s COMMODITIES

Africa is at a critical juncture in its development trajectory. The global economic and geopolitical changes of the last two decades have shifted the traditional power structures and witnessed the emergence of new powers from the South. African countries have a real opportunity, individually and collectively, to promote economic transformation and to address poverty, inequality and youth unemployment.
They can capitalize on their resource endowments and high international commodity prices as well as changes in how global production processes are organized. If grasped, these opportunities will help Africa to promote competitiveness, reduce its dependence on primary commodity exports and its associated vulnerability to shocks and can emerge as a new global growth pole.
(Source: Economic Report for Africa 2013- UN Economic Commission for Africa / African Union).