Text Only
Search

New Report Cities Risk Factors to African Economic Growth and Development


30 May 2008
De Capua interview with Irene Casanova - Download (MP3) audio clip
De Capua interview with Irene Casanova - Listen (MP3) audio clip

A new report is out listing the concerns that jeopardize African economic growth and development. The report is called Africa at Risk 2008. Its release coincides with next week’s World Economic Forum on Africa, which will be held in Cape Town, South Africa.

Co-author Irene Casanova is a member of the World Economic Forum’s Global Risk Program. From Johannesburg, she spoke to VOA English to Africa Service reporter Joe De Capua.

She says the report cites four risk areas: Food and Fresh          water Security, Geopolitical Instability, Economic Shocks and Climate Change.

“In 43 Africa countries there are food deficiencies. Inflation does not help. Population keeps on growing. And even if agricultural productivity has improved, it needs to increase even further. These combined with social conflict and so on -- actually it makes the situation at risk,” she says.

One solution, she says, would be to expand Africa’s Green Revolution to go beyond technology and reform government enterprises to improve agricultural productivity and bring economic stability.

As for geopolitical instability, she says, “Even if the…armed conflicts have gone down, they are still somehow present. Again, combined with social unrest, we see a need to strengthen capacity to implement development, trade and investment policies in Africa.”

Asked whether the economic shocks mentioned in the report include soaring food and energy prices, Casanova responds, “Obviously food and energy prices do affect the economic landscape…. Much of the (economic) growth comes from oil itself. And there’s a need to. diversify the economy in order to make the (economic) growth sustainable.

The fourth risk factor is climate change. She says, “Africa is facing a huge challenge when we talk about climate change, because Africa is the most vulnerable region to climate change in the world. Africa actually is warming, is warming now. Climate change…needs a lot of investment. It costs money. Investment is required in order to adapt each country and each economic situation to climate change.”

The Africa at Risk 2008 report says these four risk factors are not isolated, describing them as “highly interconnected.”

emailme.gif E-mail This Article
printerfriendly.gif Print Version

  Top Story
Obama Pays Tribute to Fort Hood Shooting Victims

  More Stories
Bomb Rocks Northwestern Pakistan
China Ready to Welcome President Obama  Video clip available
US Urges North Korea Not to Escalate Tensions in Yellow Sea
British PM Defends Military Mission in Afghanistan  Audio Clip Available
Tropical Storm Ida Downgraded; Moves Inland
IEA Urges Action on Climate Change
Cross-Examination Begins in War Crimes Trial of Former Liberian President  Audio Clip Available
US Development of H1N1 Vaccine Hits Snag  Video clip available
Asia to Welcome President Obama  Video clip available
Obama Makes First China Tour as Economic Interdependence Grows  Audio Clip Available  Video clip available
APEC Marks 20 Years, Looks to Future of Regional Trade  Audio Clip Available
Clinton Urges 'Compassion' for Americans Detained in Iran  Audio Clip Available
World War II Museum Expansion Aims at Younger Generations  Audio Clip Available  Video clip available
North Carolina World War II Veterans Honored in Washington  Video clip available