Title: Tripling Africa's primary exports
Description: "Income growth in Africa sufficiently high to achieve the internationally agreed development goals  implies a rise in the region's per capita income by the early 2020s to about Latin America's  current level. This would be associated with roughly a tripling of Africa's primary exports.  Increased African supply on world commodity markets would tend to make prices lower, but not  by much, given the smallness of its market shares. Rising global demand from sustained rapid  growth in natural-resource-poor Asian countries, particularly China, would moderate, or even  compensate, such a potential fall in prices and provide sizeable new opportunities for Africa'  primary exports. In Africa, extractive industries would be poised best to benefit directly from  China's rising imports, while exporters of agricultural products would be more likely to benefit  indirectly from rising world market prices associated with Asia's growing primary imports"--United Nations Conference on Trade and Development web site.
Subjects: Exports, Imports, Economic conditions
Places: Africa, Asia
Time periods: 21st century