PRAGUE -- During the last quarter-century, global economic growth has soared, but Africa continued to lose ground. Indeed, the Continent's share of world exports fell from 4.6 percent in 1980 to 1.8 percent in 2000, and its share of world imports declined from 3.6 percent to 1.6 percent over the same period.
Africa's share of global flows of foreign direct investment (FDI) also fell, from 1.8 percent in 1986-90 to 0.8 percent in 1999-2000.
Can regional economic groupings, such as the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC), help increase trade and bolster growth?
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