African resource-led growth revisited

2017 Fiscal Year Final Research Report

• Project/Area Number: 15K16581
• Research Category: Grant-in-Aid for Young Scientists (B)
• Allocation Type: Multi-year Fund
• Research Field: Area studies
• Research Institution: Tokyo University of Foreign Studies
• Principal Investigator: Demachi Kazue (出町一恵) 東京外国語大学, 現代アフリカ地域研究センター, 講師 (20709753)
• Project Period (FY): 2015-04-01 – 2018-03-31
• Keywords: アフリカ / 天然資源 / 製造業 / マクロ経済 / 債務

Outline of Final Research Achievements

In the sub-Saharan African countries, which saw natural resource-led rapid economic growth in the 2000s, have experienced deterioration of the trade balance, in parallel with the increases in resource revenues and the inflow of foreign direct investment. In the meantime, they also started to accumulate new external debts. Moreover, through the field studies and interviews in Ghana, the light manufacturing such as yarn, textile, and garment industries are found to be declining in the 2000s while the extractive industry grows, leading to an industrial structural change. This change requires further analysis as the cause can be the resource-led growth, increase in imports from emerging economies, or the compounds of those multiple factors.

Free Research Field

マクロ経済