Institutional machinery for promotion of exports and intra-african trade

Abstract

The biggest constraint facing developing countries in their economic and social development is the shortage of foreign exchange. Falling receipts from exports of traditional commodities and the rising burden of external debt servicing, have made it vital for these countries to intensify their efforts at additional export earnings. Despite recognition of this imperative necessity, the export sector does yet not have a clearly identified place in national economic development plans in many developing countries.