How Solid Is Economic Growth In The East African Community
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How Solid Is Economic Growth in the East African Community?
Author | : Mr.Nikoloz Gigineishvili |
Publisher | : International Monetary Fund |
Total Pages | : 23 |
Release | : 2014-08-12 |
Genre | : Business & Economics |
ISBN | : 1498365833 |
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Is rapid economic growth experienced by the East African Community during the past decade built on solid foundations? To gain some clues, we use a variety of newly-collected and existing data sources to analyze the structural transformation of output and exports, as well as indicators of their quality and sophistication. The move from agriculture to a wide range of other sectors—bodes well for continued growth, as do gradual improvements in quality. Yet, no clear winners on the production side seem to have emerged, to embed a durable comparative advantage in international markets. These observations may instill a note of caution against projecting rapid growth into the distant future.
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