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The Africa Competitiveness Report 2015
Open accessAbstract
The Africa Competitiveness Report 2015 comes out at a promising time for the continent: for 15 years growth rates have averaged over 5 percent, and rapid population growth holds the promise of a large emerging consumer market as well as an unprecedented labor force that - if leveraged - can provide significant growth opportunities. Moreover, the expansion of innovative business models, such as mobile technology services, is indicative of the continents growth potential. However, Africa continues to be largely agrarian, with an economy that is underpinned by resource-driven growth and a large and expanding informal sector. Indeed, more than a decade of consistently high growth rates have not yet trickled down to significant parts of the population: nearly one out of two Africans continue to live in extreme poverty, and income inequality in the region remains among the highest in the world. What is more, across sectors - from agriculture to manufacturing and services - productivity levels remain low. It will be necessary to raise productivity across all sectors of the economy to achieve higher growth and create quality employment, and turn this progress into sustainable inclusive growth.
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“Singapore ranks second on labour market effi ciency in the World Economic Forum 2014 to 2015 Global Competitiveness Report, suggesting that its use of labour is, relatively speaking, effi cient and well above the global average. 16”
From Helping People with Mental Illness Return to Employment: Challenging Existing Beliefs (2015) · cites this paper as [16]
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“The rate of unemployment in Singapore is among the lowest in the world, which was 2% in 2014. In comparison, unemployment rates for developed countries range from 4% to 12%. 16”
From Helping People with Mental Illness Return to Employment: Challenging Existing Beliefs (2015) · cites this paper as [16]
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“the number of cases detected and the number of people seeking treatment for mental illness will likely increase as a result of increased social and institutional awareness. 15”
From Helping People with Mental Illness Return to Employment: Challenging Existing Beliefs (2015) · cites this paper as [15]
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Metadata
- Authors
- Forum, W. E., Bank, W., Bank, A. D., & Organisation for Economic Co-operation and Development
- Venue
- Geneva: World Economic Forum eBooks
- Publisher
- Geneva: World Economic Forum
- Published
- 2015-06-01
- OpenAlex
- W4409458927
- Cited by
- 10
- References
- 0
- Citations by year
- 2025: 1 · 2018: 1 · 2017: 4 · 2016: 4
- FWCI
- 4.61
- Type
- book
- Language
- en
- Open access
- Licence
- cc-by-nc-nd
- Locations
- Geneva: World Economic Forum eBooks (publishedVersion)
- The World Bank Open Knowledge Repository (World Bank) (submittedVersion, cc-by-nc-nd)
- Topics
- Social Sciences › Business, Management and Accounting › Strategy and Management › Global Trade and Competitiveness
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Economic Growth and Development
- Social Sciences › Economics, Econometrics and Finance › Economics and Econometrics › Global Economic and Social Development
- Keywords
- Africa, economic competitiveness, productivity, inclusive growth, poverty, income inequality, informal economy, agricultural economy, labor force, job creation, sustainable growth
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