Africa Industrialization Day
Each year, on the 20th of November, the United Nations, in general, and the United Nations Industrial Development Organization (UNIDO), in particular, reaffirm their commitment to strongly promote Africa's integration into the global economy through effective industrialization and market access.
For countries in Africa, the challenge of going global requires its industries to improve their competitiveness, a condition that is dependent on a number of factors that include developing dynamic and stable economies, solid export bases, steady investment flows, and, above all, political stability.
Although it is recognized that competitiveness ultimately originate on the enterprise level, the observance of Africa Industrialization Day highlights the importance of economic and industrial policy. The over-arching call is for governments to nurture the comparative advantages of their economies by creating an enabling environment for business and industry, for example by improving infrastructure, upgrading technologies, reducing transaction costs, strengthening governance, and building up a skilled and educated workforce. …