According to the African Development Bank (AfDB) president, Akinwumi Adesina, Africa is at the bottom of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
According to the African Development Bank (AfDB) president, Akinwumi Adesina, Africa is at the bottom of the global value chain with its share of global manufacturing at around only 1.9 percent. Additionally, African economies still rely too heavily on raw commodities; between 2011-2013 manufactured goods made up only 18.5 percent of exports, while 62 percent of total imports were manufactured goods, a commercial imbalance that drains wealth away from the continent. Read the above extract before answering the following questions: 6.1 Given the many disadvantages to trade liberalisation when considered in a long-run development context, discuss the arguments for protection? (10 marks) 6.2 Given Africa's share of global manufacturing of about 1.9 percent, describe the best means of trade protection that would also support industrial development in the continent? (10 marks) According to the African Development Bank (AfDB) president, Akinwumi Adesina, Africa is at the bottom of the global value chain with its share of global manufacturing at around only 1.9 percent. Additionally, African economies still rely too heavily on raw commodities; between 2011-2013 manufactured goods made up only 18.5 percent of exports, while 62 percent of total imports were manufactured goods, a commercial imbalance that drains wealth away from the continent. Read the above extract before answering the following questions: 6.1 Given the many disadvantages to trade liberalisation when considered in a long-run development context, discuss the arguments for protection? (10 marks) 6.2 Given Africa's share of global manufacturing of about 1.9 percent, describe the best means of trade protection that would also support industrial development in the continent? (10 marks)
Expert Answer:
Answer rating: 100% (QA)
61 Given the many disadvantages to trade liberalisation when considered in a longrun development context discuss the arguments for protection 10 marks 6 1 Arg uments for Protection Prot ection ism is ... View the full answer
Related Book For
Posted Date:
Students also viewed these accounting questions
-
After learning about market failures, George states: "Any time the market outcome is Pareto inefficient; government intervention can make everyone better off, at least in principle." Do you agree?...
-
The voltage Vc t seconds after closing the switch in the circuit shown is: Vc = Vo(l- e-t/(RC)) Given Vc = 36 V, R = 2500 ¦, and C = 1600 μF, calculate the current 8 seconds...
-
The global survey we learned about in Exercise 49 also asked respondents how they felt about the statement "I try to avoid eating fast foods." The random sample of 800 included 411 people 35 years...
-
Accurate Job Costing must be done on three levels. Which of the following is not one of these levels? Tracking and controlling costs during jobs Tracking gross profit each month Filing records on...
-
Keeping in mind that carbocations have a trigonal planar structure, (a) Write a structure for the carbocation intermediate (b) Write structures for the alcohol (or alcohols) that you would expect...
-
Alexis Monroe, a biologist from Dyersburg, Tennessee, is curious about the accuracy of the interest charges shown on her most recent credit card billing statement, which appears as Figure 7-1 on page...
-
In March 2015, a Nielsen global online survey "found that consumers are increasingly willing to pay more for socially responsible products." Over 30,000 people in 60 countries were polled about their...
-
The employees of Donnelly Music Company earn total wages of $4,690 during January. The total amount is taxable under FICA, FUTA, and SUTA. The state contribution rate for the company is 3.6%. The...
-
Think about TWO clients with different needs and describe their situation. For each one, select a range of current resources available for providing information, advice or guidance within a specific...
-
An elevator rail is assumed to meet specifications if its diameter is between 0.98 and 1.01 inches. Each year a company produces 100,000 elevator rails. For a cost of $10/2 per year the company can...
-
Jacob's Insurance wants to find its sustainable growth rate. The company has been paying 30% of net income as dividends. The total asset turnover for the company is 1.30 and the equity multiplier is...
-
How do consolidations and acquisitions (M&A) influence corporate money for a situation study, and what are the vital variables and contemplations that organizations ought to consider while taking...
-
How does social fund become possibly the most important factor for a situation concentrate on money, and what are a few normal predispositions and mental variables that people and financial backers...
-
How carries on with work valuation and examination assume a crucial part in finance contextual investigations, and what are the vital techniques and contemplations for deciding the worth of an...
-
How do monetary business sectors and foundations impact monetary dynamic for a situation study, and what are the essential capabilities they serve in working with the progression of assets and...
-
How does public back assume a critical part in a money contextual analysis, and what are the vital contemplations and difficulties legislatures and policymakers face while overseeing public assets...
-
How did historical events affect American literature?(Sample question:How did the Civil War affect American Literature?) How did the Civil War transform American literature? Does literature affect...
-
In a nonmagnetic medium, E = 50 cos (10 9 t 8x) a y + 40 sin (10 9 t 8x) a z V/m find the dielectric constant r and the corresponding H.
-
Consider again Worked-Out Problem 14.2. The daily demand for pizza is Qd = 32,900 - 600P, where P is the price of pizza. The daily costs for a pizza company include $845 in avoidable fixed costs and...
-
Suppose that a firm uses both labor (L) and capital (K) as inputs and has the long-run production function If its capital is fixed at K = 10 in the short run, what is its short-run production...
-
After terrorists destroyed the World Trade Center and surrounding office buildings on September 11, 2001, some businesspeople worried about the risks of remaining in Manhattan. What effect would you...
-
List and briefly explain the three major types of business plan.
-
Define the business plan, and briefly explain why it is important in the business world.
-
What are the areas in which choosing the legal form of business would make a difference?
Study smarter with the SolutionInn App