Are African Countries Benefiting from Globalization?

Introduction: Accent stresses that trade liberalization is becoming increasingly important and is aimed at eliminating tariffs and quotas among trading partners. In this analysis we look at Africa's role in international trade and consider whether the continent of Africa benefits from the globalization of today's trade and how the continent can increase total trade. Classical international trade theory points out that each country will benefit from international trade as the market of various products expands.

Many African countries face multiple challenges that prevent them from benefiting from the global economic participation and globalization process. Africa is the most interspersed continent. 14 countries are landlocked countries, accounting for 30% of Africa's population. Underlying the problem is the long term for competitiveness, such as weak infrastructure, small and fragmented markets, low growth financial markets, weak trade facilitation systems, weak major institutions, and lack of adequate human resources It is a kind of constraint.

Globalization has created a paradox in Africa: some Africans are growing fast, but the entire continent seems to be behind the rest of the world. "Most Africans have missed the benefits of globalization, even through exchanges with the media, the Internet, and relatives who are migrating to other countries for better living," J said. Ghana, Accra, Corporate Finance Advisor, Kofi Bucknor. Bacques acknowledged that he was an African who grabbed the opportunity brought about by globalization and established the business in a manner impossible ten years ago. "I explained myself as a global African person," he said. He recently made a lecture entitled "Bridging the gap: Environment for sustainable development" at the United Nations Global Compact Conference held in Wharton.

Immigrants are the story of Africa. The report on African immigrants tends to focus on African immigrants in the northern part of the world. However, according to the World Bank report, the number of African immigrants who emigrate to other African countries accounts for two-thirds of all immigrants in sub-Saharan Africa. In the past 30 years, the most common destinations for African immigrants are West African Cote d'Ivoire and Nigeria, Central African Gabon, East African Kenya and South Africa South Africa. According to the same report, immigrants are mainly African young men (15 to 40 years old), have received some education, and are above primary education.