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Aid for Trade and Sustainable Development in Least-Developed African Countries

In: The Palgrave Handbook of Africa’s Economic Sectors

Author

Listed:
  • Mete Han Yağmur

    (Istanbul Technical University)

  • Murat Yülek

    (Ostim Technical University)

  • Mahmut Sami Güngör

    (Istanbul Technical University)

Abstract

Both neoclassical economic theory and the economics of industrial development praise the export sector due to its positive effects on industrial development. While neoclassical economic theory favors international trade because it facilitates productivity improvement, knowledge diffusion, and higher R&D investment, industrial economists stress the importance of export-led growth for its contribution to generating a more diversified industrial base. In accordance with these insights, Aid-for-Trade (AfT) promotes less-developed countries’ integration into the global economy through supporting their trade-related infrastructure investments. Against this backdrop, this chapter shows that AfT can be instrumental in facilitating industrial development and building export capacity; thereby contributing to sustainable development in least-developed African countries.

Suggested Citation

  • Mete Han Yağmur & Murat Yülek & Mahmut Sami Güngör, 2022. "Aid for Trade and Sustainable Development in Least-Developed African Countries," Springer Books, in: Evelyn F. Wamboye & Bichaka Fayissa (ed.), The Palgrave Handbook of Africa’s Economic Sectors, pages 531-550, Springer.
  • Handle: RePEc:spr:sprchp:978-3-030-75556-0_20
    DOI: 10.1007/978-3-030-75556-0_20
    as

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