Africa: The World Has Changed. African Countries Must Rethink How They Grow Their Economies
This vulnerability also puts at risk the continent's push to escape poverty through what economists call structural transformation: moving workers from low-productivity activities such as subsistence farming into more productive jobs in manufacturing and modern services.
Manufacturing accounts for only about 10% of GDP in sub-Saharan Africa, compared with around 22% in East Asia and the Pacific.
It must overcome the structural barriers that prevented the traditional manufacturing-led development model from taking off in the past, and also adapt to a global economy that's changed dramatically.
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