Linda Calabrese, Phyllis Papadavid and Judith Tyson, June 2017
Rwanda is one of Africa’s “rising stars”. The country’s economy has seen solid rates of economic growth since the civil conflict in the mid-1990s. Strength in investment flows has followed in the path of this macroeconomic and institutional stability. As this paper highlights, a large part of Rwanda’s success has been the result of proactive policies undertaken by the government of Rwanda in facilitating a good domestic investment climate, which have been conducive to strong rates of growth in FDI into the economy.
Phyllis Papadavid (Senior Research Fellow – Team Leader of International Macroeconomics, ODI) 19 June 2017 Further US dollar weakness The US dollar rose by 5% in trade-weighted terms following the US election of President Trump in November 2016. Since its peak at the end of December 2016, the dollar has reversed all of its post-election rise […]
Anzetse Were, Dirk Willem te Velde and Gituro Wainaina, June 2017
Developed by SET in partnership with the Kenya Association of Manufacturers (KAM), this booklet addresses Kenya’s current economic predicament and makes the case for political and financial investment in manufacturing. The central 10-point policy plan lays out seven policies and regulations that should be enacted to create a conducive environment for manufacturing to flourish, and three further suggestions for how to implement them in practice.
Manufacturing is also a key element in the African Development Bank’s Hi-Fives (Industrialize Africa) and a priority area in Goal number two of the African Union’s Vision 2063. ACET in partnership with the Oversees Development Institute (ODI) and the Government of Ethiopia organised the manufacturing chapter meeting of PACT. The aim of the manufacturing meeting was to kick start a continuous conversation for African leaders to shape their countries’ industrialisation issues in the context of Africa’s transformation agenda.
Phyllis Papadavid (Senior Research Fellow – Team Leader of International Macroeconomics, ODI) 15 May 2017 ‘Stagflation’ risks could rise According to the International Monetary Fund (IMF), recent global manufacturing activity and global trade is showing some signs of recovery. The start of 2017 saw world trade volumes expand by an average 10% annualised rate, compared to only […]
Dirk Willem te Velde (Director of SET Programme, Head of IEDG and Principal Research Fellow, ODI) 24 April 2017 (based on a presentation at Chatham House 20 April 2017). This note argues that the UK can offer an appropriate support package using smart aid, targeted development finance, free trade and foreign direct investment (FDI) promotion and temporary (legal) migration policies to help with economic transformation and job creation in Africa.
On 14 March, SET hosted a workshop in Yangon to present and discuss the findings of the recent research paper, ‘Foreign direct investment and economic transformation in Myanmar’. Attendees explored questions around the role of the garment sector, including: what role does the garment sector play in promoting exports, employment and the transfer of skills in Myanmar? How does foreign investment contribute to Myanmar’s garment sector? And how can foreign investment, from China and other countries, further contribute to economic transformation in Myanmar?
Stephen Gelb, Linda Calabrese and Xiaoyang Tang, March 2017
The paper reviews in some detail the foreign (Chinese) presence in four sectors in Myanmar and its impact on economic transformation. Significant positive effects include employment and exports in garments, local enterprise development and downstream user costs in construction (and infrastructure), and exports, technology transfer and product market competition in agriculture and agro-processing and finally makes a number of policy recommendations for UK DFID.
Margaret McMillan, John Page, David Booth and Dirk Willem te Velde, March 2017
This approach paper seeks to define economic transformation, offers an approach to measuring progress towards it, and examines case studies from African and Asian economies where transformative policies have been successful to greater and lesser extents. The paper concludes by presenting a multi-disciplinary approach to identifying opportunities, diagnosing constraints and mapping out realistic policy options for countries to use to turn their economic growth into genuine transformation.