AI enables sustainable growth in Africa by tackling regional trade hurdles.
Author
Natasha Chiswa, Assistant Professor, Jindal Global Law School, O.P. Jindal Global University, Sonipat, Haryana, India
Summary
The AfCFTA agreement promises to boost the African economy as African nations can access a larger market for their goods. Increased intratrade will result in higher income levels, the creation of jobs, and, eventually, long-term economic improvement. Moreover, the AfCFTA will promote innovation and competitiveness by fostering a stronger linked regional economy, accelerating development throughout the continent. With the rapid technological advancement, African leaders need to adopt a comprehensive approach considering the emerging technologies’ broader societal implications. Integrating AI and blockchain technology can play a pivotal role in boosting productivity across key sectors crucial for Africa’s development, such as agriculture, trade, and finance. Equipping citizens, workers, business owners, and entrepreneurs with advanced digital tools enables them to compete globally and positions them at the forefront of economic transformation.
Published in: Sustainability and Climate Change
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