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  • Political risk as a deterrent to industrialization of Africa

    May 11, 2021 by

    Many agree that the construction of the African Free Trade Area (AfCFTA) can be an important opportunity for advancing the industrialization of the African continent[1], as the newly established Free Trade Area (FTA) will offer opportunities to both African and foreign investors to establish productive units in one or more African countries from where they can serve the markets… Read more

  • ‘Bad trade’ and risks of stifling local production in Africa

    May 2, 2021 by

    John Cary, a prominent British merchant and writer on matters regarding trade, wrote between the end of ‘600 and the beginning of ‘700 two manuscripts where he argued that a trade model based on the export of raw materials/commodities and import of manufactured/industrial goods has a destructive effect on the economy of the nation exporting raw materials, as it stifles… Read more

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