The importance of services for the African Continental Free Trade Area: An academic perspective

[...]many African countries are abundant in low-skill labour, allowing services that are low-skill intensive to scale up their operations more quickly. [...]reducing regulations will enable the sectors to benefit from economies of scale due to high demand and low-skill labour abundance. East Africa...

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Bibliographic Details
Published in:International trade forum 2019-09, Vol.2019 (3), p.19-22
Main Authors: Gamanya, Anesu, Adu-Gyamfi, Richard, Koopman, Robert
Format: Article
Language:English
Subjects:
Bank technology
Business services
Communication
Economic growth
Economic models
Economies of scale
Financial services
Foreign investment
Free trade
GDP
Gross Domestic Product
Regulation
Tariffs
Transportation services
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Summary:[...]many African countries are abundant in low-skill labour, allowing services that are low-skill intensive to scale up their operations more quickly. [...]reducing regulations will enable the sectors to benefit from economies of scale due to high demand and low-skill labour abundance. East Africa leads in fintech adoption largely due to flexible regulation, allowing non-financial institutions to provide financial services. [...]the impact of fintech increasing financial services trade will largely depend on market demand, infrastructure capabilities and regulation. ® Communication and financial services experience the lowest trade gains based on the analysis at an annual $69 billion and financial services at $7.4 billion respectively by 2065.
ISSN:1564-5304
0020-8957
1564-5304
DOI:10.18356/15645304-2019-3-6