Supporting Sustainable Development Through Trade And Investment: A Blueprint For U.S.-Africa Collaboration
Year: 2024
Type: article
Abstract: This article examines how trade and investment are crucial in promoting sustainable development throughout Africa, while also benefiting U.S. economic interests. With a focus on the U.S.-Africa collaboration, the paper explores current trade and investment trends, the alignment of strategies with Sustainable Development Goals (SDGs), and the identification of high-growth sectors such as renewable energy and digital infrastructure. It highlights successful partnerships and examines the challenges posed by political, economic, and environmental barriers, as well as competition from other global players like China and the European Union. The paper also proposes actionable strategies, including blended finance models, public-private partnerships, and capacitybuilding initiatives, to strengthen collaboration. By leveraging U.S. technological expertise and prioritizing transparency, these efforts can enhance Africa’s development trajectory while providing U.S. firms with access to rapidly expanding markets. The paper emphasized the mutual benefits of deeper economic ties, highlighting the need for coordinated action by policymakers, businesses, and development institutions to create a sustainable and prosperous future for both regions
Author: . .
Language: English
Subfield: Development
Field: Social Sciences
Domain: Social Sciences
Open Access status: bronze
OpenAlex ID: W4405079486