Research Catalog

Title

Pathways to African export sustainability / Paul Brenton, Olivier Cadot, and Martha Denisse Pierola.

Author

Brenton, Paul.

Publication

Washington, D.C. : World Bank, c2012.

Items in the Library & Off-site

Details

Additional Authors

• Cadot, Olivier.
• Pierola, Martha Denisse.

Description

xiv, 122 p. : ill.; 23 cm.

Summary

African exporters suffer from low survival rates on international markets. They fail more often than others, incurring time and again the setup costs involved in starting new relationships. This high churning is a source of waste, uncertainty, and discouragement. However, this trend is not inevitable. The high "infant mortality" of African exports is largely explained by Africa's low-income business environment and, once properly benchmarked, Africa's performance in terms of exporter failure is no outlier. Moreover, African exporters show vigorous entrepreneurship, with high entry rates into new products and markets despite formidable hurdles created by poor infrastructure, landlocked boundaries for some, and limited access to major sea routes for others. African exporters experiment a lot, and they frequently pay the price of failure. What matters for policy is how to ensure that viable ventures survive. Research carried out for this book demonstrates that governments can and should help to reduce the rate of failure of African export ventures through a mixture of improvements in the business environment, as well as well-targeted proactive interventions. The business environment can be made more conducive to sustainable export entrepreneurship through traditional policy prescriptions such as reducing transportation costs, facilitating trade through better technology and workflow in border management, improving the effectiveness of banking regulations to ensure the availability of trade finance, and striving for regulatory simplicity and coherence. In addition, governments can help leverage synergies between exporters. Original research featured in this book shows that African exporters improve each other's chances of survival when a critical mass of them penetrates a given market together. They also benefit from diaspora presence in destination markets. With adequate donor support and private-sector engagement, export-promotion agencies and technical-assistance programs can help leverage those synergies.

Series Statement

Directions in development. Trade

Uniform Title

Directions in development (Washington, D.C.). Trade.

Subject

• Exports > Africa
• Foreign trade promotion > Africa
• Africa > Commerce
• Africa > Commercial policy
• Africa > Economic integration

Bibliography (note)

• Includes bibliographical references.

Call Number

JBE 13-494

ISBN

• 9780821395592
• 0821395599

OCLC

792878565

Author

Brenton, Paul.

Title

Pathways to African export sustainability / Paul Brenton, Olivier Cadot, and Martha Denisse Pierola.

Imprint

Washington, D.C. : World Bank, c2012.

Series

Directions in development. Trade

Directions in development (Washington, D.C.). Trade.

Bibliography

Includes bibliographical references.

Added Author

Cadot, Olivier.

Pierola, Martha Denisse.

Research Call Number

JBE 13-494