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dc.descriptionThe 2012 World Economic Forum on Africa was held in Addis Ababa, Ethiopia 9-11 May 2012. This side event was organized by ECA as part of its partnership with the World Economic Forum and the Government of Ethiopia. It builds on the outcome of the Fifth Session of the Joint AUC-ECA Conference of African Ministers of Finance, Planning, and Economic Development held in March 2012 in Addis Ababa under the theme “Unleashing Africa's potential as a pole of global growth”. Africa's growth rate is expected to reach 6% in 2012. Improved macroeconomic and political stability, a growing consumer base, and an ongoing resource expansion drive this growth. Deepening links to fast-growing emerging economies and an increasing appetite for long-term investments in Africa's frontier markets by global and regional champions are fueling renewed optimism about the continent's future. In his opening remarks, Mr. Abdoulie Janneh, the UN Under-Secretary-General and Executive Secretary of ECA, highlighted the ongoing debate around the roles of state and private sector operators over the past fifty years. While the state may have over-extended itself during the early post-independence era, the market fundamentalism of the past thirty years has come at a high cost in terms of equity, growth, and development. According to his indication, as we look towards Africa's progress over the next four decades, we must find the right balance between the roles of states and markets on our continent. Emmanuel Nnadozie, Director of Economic Development and NEPAD Division at UNECA, outlined five key points during his discussion. Firstly, he acknowledged that Africa is currently experiencing growth and success. However, the question remains: where will Africa be in the future? Secondly, he emphasized the importance of considering where Africa should aim to be by 2050, and what can be expected. Thirdly, he discussed the various opportunities that exist for Africa's development. Fourthly, he addressed the challenges that need to be overcome to achieve progress. Finally, he highlighted the crucial role that the private sector should play in driving Africa's development.en
dc.titleMr. Abdoulie Janneh the UN Under-Secretary-General Opening Remarks and Emmanuel Nnadozie Discussion at the 2012 World Economic Forum on Africaen
dc.title.alternativeAfrica 2050: A Private Sector Perspectiveen
ags.publisherPlaceAddis Ababaen
ags.publisherNameUN. ECAen
dc.date.accessioned2024-06-14T09:03:45Z
dc.date.available2024-06-14T09:03:45Z
dc.date.issued2012-05-09
dc.identifier.urihttps://hdl.handle.net/10855.1/4290
uneca.workflow.processedtrue
uneca.language.supporteden
dc.relation.isPartOf2012 World Economic Forum on Africa
dc.coverage.spatialAFRICA
dc.coverage.spatialETHIOPIA
dc.format.extent22:30
dc.format.mediumMP4
dc.languageen_US
dc.typeVideo
dcterms.accessRightsUNECA
ags.creatorCorporateUnited Nations. Economic Commission for Africa
ags.creatorConferenceUN. ECA World Economic Forum on Africa (:2012, MAY.9-22: Addis Ababa, Ethiopia)
ags.subjectThesaurusECONOMIC GROWTH
ags.subjectThesaurusPRIVATE SECTOR
ags.subjectThesaurusEMPLOYMENT CREATION
ags.subjectThesaurusECONOMIC CONDITIONS
ags.subjectThesaurusECONOMIC DEVELOPMENT
ags.subjectThesaurusDEVELOPMENT
ags.subjectClassification02.02.00 ECONOMIC CONDITIONS
ags.subjectClassification05.00.00 INDUSTRIAL SECTOR
ags.subjectClassification02.04.00 DEVELOPMENT
ags.descriptionNotesConference
ags.rights.TermsOfUsePublic
ags.availabilityLocationECA-HQ
ags.creatorConferenceCategoryOther Conferences


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