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The Africa competitiveness report 2017 - Addressing Africa’s demographic dividend (English)

Without urgent action to address low levels of competitiveness, Africa’s economies will not create enough jobs for the young people entering the job market. If current policies remain unchanged, fewer than one-quarter of the 450 million new jobs needed in Africa in the next 20 years will be created. These are among the key findings of the Africa Competitiveness Report 2017, a biennial publication jointly produced by the World Economic Forum, the African Development Bank, and the World Bank Group. Priorities to meet the changing demographics include policy reform to improve the quality of institutions, infrastructure, skills and adoption of new technology. House construction and better urban planning present opportunities for short-term competitiveness gains. The report finds that the ability of Africa’s economies to generate enough jobs for its young and growing population rests on the successful implementation of urgent structural reforms to boost productivity. Competitiveness is defined as the set of institutions, policies and factors that determine the level of productivity, and hence future prosperity, of a country. The report, which covers North Africa and Sub-Saharan Africa, comes at a time when growth in most of the region’s economies has been slowing after a decade of sustained growth. Further stagnation is likely in the absence of improvements in the core conditions for competitiveness. Compounding the challenge to Africa’s leaders is a rapidly expanding population.


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    The Africa competitiveness report 2017 - Addressing Africa’s demographic dividend

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    trade and competitiveness;demographic dividend;Economic Policy;millennium development goal;Fragile & Conflict-Affected States;working-age population;Public and Private Institution;Job Creation;management consultant;legal and regulatory framework;Growth and Shared Prosperity;small and medium size enterprise;information and communication technology;labor market efficiency;rapid population growth;children per woman;special economic zone;terms of use;business environment;Higher Education;open trade policies;access to land;investment in housing;technical vocational education;human capital development;standard of living;water and sewerage;financial sector development;regional economic growth;primary school enrollment;competitiveness of city;venture capital fund;economies of scale;demand for skill;regional value chain;quality of public;commodity price swings;movement of good;improvement in technology;implementation of reform;share of work;number of workers;cost of housing;employment in agriculture;education and health;change in income;cost housing;water supply system;transfer of land;labor force statistics;high unemployment rate;household disposable income;access to finance;high fertility rate;reducing child mortality;agricultural product processing;recognition of qualification;improve Education Quality;investments in infrastructure;trade and investment;supply of skill;macroeconomic environment;manufacturing sector;global value;labor productivity;Macroeconomic Policy;employment opportunity;dependency ratio;advanced economy;employment opportunities;labor demand;goods market;Infant Mortality;financial market;urban dweller;Urban Infrastructure;Export Diversification;basic requirement;urban plan;Demographic Transition;living standard;productivity gain;large population;agriculture sector;comparative advantage;reform process;live birth;improving competitiveness;skill mismatch;demographic change;young population;economic diversification;storage finance;youth;young woman;official statistic;informal activity;labor-intensive sectors;social instability;efficient market;high employment;household survey;Health Service;youth employment;young adult;youth work;urban context;Natural Resources;youth bulge;employment growth;informal sector;capital stock;accounting standard;accounting standards;economic competitiveness;stock market;resource-rich country;extractive sector;removing restriction;transportation infrastructure;asian countries;Private Equity;information asymmetry;transport network;firm productivity;research assistance;inclusive growth;prosperous society;urban growth;national boundary;aggregate dividend;job opportunity;job opportunities;policy option;migration statistic;general secretary;increased demand;efficient regulation;building code;consumer market;youth population;economic hardship;social tension;education service;performance level;aggregate demand;formal unemployment;private-sector development;productivity level;reasonable effort;managerial skill;Education Services;trained teacher;increasing competitiveness;real gdp;living condition;regional cooperation;environmental context;stable employment;city official;local reality;sustainable level;regional competitiveness;housing program;investment climate;industrial park;implementing policy;vulnerable region;quality employment;production system;infant death;primary sector;older individual;cereal yield;market size;emerging economy;employment outcome;Emerging economies;cost advantage;retrieval system;oil exporter;external shock;employment outlook;population dynamic;statistical data;younger cohort;social aspirations;working age;population structure;vulnerable employment;average productivity;common standards;health condition;infrastructure maintenance;residential housing;job market;ownership interest;sustainable forest;mineral extraction;Immigration policy;urban sprawl;government service;infrastructure cost;small farmer;administrative procedure;urban development;farming technology



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The Africa competitiveness report 2017 - Addressing Africa’s demographic dividend (English). Africa competitiveness reports Washington, D.C. : World Bank Group.