Advancing Economic Integration and Industrialization: Unveiling Global Value Chains and Intra-Trade Dynamics in Africa
Year: 2025
Type: article
Abstract: Advancing Economic Integration and Industrialization: Unveiling Global Value Chains and Intra-Trade Dynamics in Africa delves into the profound implications of global value chains (GVCs) and intra-regional trade on the economic and industrial evolution of Africa. In light of the continent's complex interplay of challenges and opportunities within its industrial sector, this study investigates how intensified economic integration and strategic participation in GVCs can elevate Africa's stature in the global economic arena. Through a meticulous analysis of trade facilitation, investment promotion, and technology transfer, the paper elucidates critical drivers and impediments to industrialization. It offers an exhaustive examination of intra-African trade dynamics and their ramifications for regional economic resilience and development. The insights garnered underscore the necessity of harmonized policies and synergistic efforts to propel sustainable and inclusive economic growth, thereby providing valuable guidance for policymakers, enterprises, and stakeholders aspiring to harness Africa’s burgeoning potential within the global market. Received: 10 April 2024 / Accepted: 27 February 2025 / Published: 10 March 2025
Author: Akhilesh Chandra Prabhakar
Institution: Papua New Guinea University of Technology
Language: English
Topic: Global trade and economics
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4411523709