Show Summary Details

Page of

PRINTED FROM OXFORD HANDBOOKS ONLINE (www.oxfordhandbooks.com). © Oxford University Press, 2018. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a title in Oxford Handbooks Online for personal use (for details see Privacy Policy and Legal Notice).

date: 22 October 2019

Abstract and Keywords

This chapter evaluates the competitiveness of African economies. In contrast to the macroeconomic perspective which focuses on the behavior of the Real Effective Exchange Rate, the framework adopted in the chapter emphasizes the fundamental drivers of a country’s ability to maintain competitive advantage in international markets through high-value production and economies of scale while simultaneously raising the living standards of its citizens. The study compares a novel measure–the Trade Weighted Value added per capita–with the Real Effective Exchange Rate and demonstrates the merits of the former over the latter in evaluating the competitiveness of African economies.

Keywords: Africa, competitiveness, external balance, Real Effective Exchange Rate, global value chain, Diamond Model, Trade-Weighted Value-added

Access to the complete content on Oxford Handbooks Online requires a subscription or purchase. Public users are able to search the site and view the abstracts and keywords for each book and chapter without a subscription.

Please subscribe or login to access full text content.

If you have purchased a print title that contains an access token, please see the token for information about how to register your code.

For questions on access or troubleshooting, please check our FAQs, and if you can''t find the answer there, please contact us.