Answer to Question #197609 in History for Murjanatu Issaka

Question #197609

Discuss the potency of the African Diasporan population to stimulate the continent’s global trade competitiveness.



1
Expert's answer
2021-05-24T18:24:02-0400

Given that the Diaspora will play an important role in the recovery and reconstruction of fragile states, the current study aims to expand on existing regional and global experiences; draw lessons from country experiences in involving the Diaspora in building domestic institutional capacity, and inform Bank assistance in implementing national frameworks aimed at strengthening national institutions. Since the early 1990s, international migration has accelerated dramatically, and it is now an important part of globalization. The scale of the youth concerned is one of the most distinguishing features of this migration. Indeed, a close study of the international migration architecture reveals that successful population mobility is strongly dominant. The African Diaspora leads to the development of Africa's real per capita income in an optimistic, important, and consistent manner. By separating the Diaspora's effect by capacity level, we will see that the larger the Diaspora's impact, the higher the emigrants' education level. These results contradict popular opinion and are more in line with a modern theory that stresses network effects as well as the financial and technical transfers that the Diaspora facilitates.

 

           African countries are attempting to reverse a history that is driven by trading with their former colonial powers rather than trade with one another. Senegal's main trading partner is France, while Gambia deals heavily with the UK. Despite the fact that Senegal surrounds the Gambia, trade between the two countries is limited. Rather than connecting countries through regions, the continent's railways and roads often lead to ports. It is frequently cheaper to travel from one African nation to another via Europe. Because of the reduced duties on African products joining the European Union and the United States, exporting to industrial countries is more profitable than exporting to other African countries. While the Diaspora will contribute to the economic growth of their home countries, the low degree of economic development in these countries also serves as an opportunity to emigrate. After looking at the human resource sources, capital intensity, and total factor efficiency, we look at two more channels by looking at the effect of the African Diaspora in developing OECD countries (by education level) on remittances and democracy in Africa. Despite the fact that Africa has a significant Diaspora in developed countries, with a high proportion of emigrants with advanced degrees, no research has explored the effect of this Diaspora on African economic growth to our knowledge. This research fills in the gaps by examining both global and national implications based on emigrants' educational levels, as well as the key transmission routes.



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