Policy insights

Policy Insights

Policy Insight 2: Rethinking Trade Preferences to Help Diversity African Exports

The authors of CEPR Policy Insight 2, argue that OECD nations can do something to help Africa kick-start a development process.
The key is to offer trade preferences that allow African manufacturing locations to a chance to develop industrial clusters that cross the minimum-scale threshold - thus allowing them to compete with clusters in developing Asia. While preferences have to date failed in this task, the authors suggest key design changes that will give Africa a fighting chance.

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Collier, P and A Venables (2007), Policy Insight 2: Rethinking Trade Preferences to Help Diversity African Exports, CEPR Policy Insight No 2, CEPR Press, Paris & London. https://cepr.org/publications/policy-insight-2-rethinking-trade-preferences-help-diversity-african-exports