National champions need to be nurtured in order to support regional growth and development
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2014-01Author(s)/Corporate Author (s)
United Nations. Economic Commission for Africa.;Metadata
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The United Nations Economic Commission for Africa (UNECA), through its Sub-Regional Office for Eastern Africa (SRO-EA), will organise the 18th Session of the Intergovernmental Committee of Experts (ICE) from 17 to 20 February 2014 in Kinshasa, Democratic Republic of Congo. The ICE meeting will focus on the theme of “National Champions, Foreign Direct Investment and Structural Transformation in Eastern Africa”. The theme was motivated by the fact that, even though the Eastern Africa region has continued to achieve impressive growth rates averaging 6.7% growth between 2008 and 2013,, this performance has not been accompanied by sufficient job creation and has failed to lead to accelerated poverty reduction. The 18th ICE meeting will discuss how much can be expected of domestic investors, and to what extent governments can depend on foreign investment, in order to attain sustainable growth through industrial development and structural transformation. “In the emerging new economy, national champions have a crucial strategic role to play in generating higher quality growth,” said Antonio Pedro, Director SRO-EA. Pedro stressed that investments and resources spent on facilitating the emergence of national champions could pay off in long-term wealth accumulation”.
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“United Nations. Economic Commission for Africa. (2014-01). National champions need to be nurtured in order to support regional growth and development. Addis Ababa:. © UN. ECA,. https://hdl.handle.net/10855/31654”Collections
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