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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:NEPAD: The Need and Obstacles
Author:Ilorah, RichardISNI
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]
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