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Periodical article | Leiden University catalogue | WorldCat |
Title: | NEPAD: The Need and Obstacles |
Author: | Ilorah, Richard |
Year: | 2004 |
Periodical: | African Development Review |
Volume: | 16 |
Issue: | 2 |
Period: | September |
Pages: | 223-251 |
Language: | English |
Geographic term: | Africa |
Subjects: | development international economic relations economic integration African agreements Development and Technology Economics and Trade Inter-African Relations |
Abbreviation: | NEPAD=New Partnership for Africa's Development |
External link: | https://onlinelibrary.wiley.com/doi/10.1111/j.1017-6772.2004.00090.x/pdf |
Abstract: | Africa performs poorly in the global economy. The continent lacks investments, jobs, real output, and basic social services. Aggravating the poor performance is poor management. This article argues that the establishment of the New Partnership for Africa's Development (NEPAD) to grapple with Africa's economic problems makes sense but only if necessary policies are properly implemented. It argues that Africa should pursue interest politics through NEPAD as an economic integration. On the issue of financing the budget, which has in the past been a major constraint to OAU-initiated projects, the author strongly recommends that it should be made mandatory that all multinational companies operating in NEPAD member countries pay a certain percentage of their earnings into the NEPAD budget. Bibliogr., sum. in English and French. [Journal abstract] |