Home » How Solid Is Economic Growth in the East African Community? by Nikoloz Gigineishvili
How Solid Is Economic Growth in the East African Community? Nikoloz Gigineishvili

How Solid Is Economic Growth in the East African Community?

Nikoloz Gigineishvili

Published August 12th 2014
ISBN : 9781498345866
ebook
23 pages
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 About the Book 

Is rapid economic growth experienced by the East African Community during the past decade built on solid foundations? To gain some clues, we use a variety of newly-collected and existing data sources to analyze the structural transformation of outputMoreIs rapid economic growth experienced by the East African Community during the past decade built on solid foundations? To gain some clues, we use a variety of newly-collected and existing data sources to analyze the structural transformation of output and exports, as well as indicators of their quality and sophistication. The move from agriculture to a wide range of other sectors--bodes well for continued growth, as do gradual improvements in quality. Yet, no clear winners on the production side seem to have emerged, to embed a durable comparative advantage in international markets. These observations may instill a note of caution against projecting rapid growth into the distant future.