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Competitiveness in the CFA Franc Zone, Charalambos Tsangarides, Gustavo Ramirez

This paper reviews the evolution of competitiveness in the CFA franc zone using a proposed comprehensive competitiveness framework. In particular, we examine competitiveness in the WAEMU and CEMAC regions by analyzing the "environment" and "policy" components of competitiveness and their quantifiable determinants, including indicators to measure productivity and labor market conditions, prices and costs, macroeconomic performance, business environment, governance, and technology and infrastructure. Our findings suggest that despite some recent improvements-particularly for the CEMAC-both regions face serious competitiveness challenges when compared to pier groups of countries. In order to become more competitive, raise growth, and improve the quality of life, there is a need for structural reform to improve productivity, reduce factor costs, and create the right business, legal, and political environment to attract economic activity
Table Of Contents
Contents; I. Introduction; II. The Competitiveness Framework; Diagram; 1. Elements of Competitiveness; III. Competitiveness Overview: Sustainable Growth and Quality OF Life; A. GDP Performance; Figures; 1. Real GDP Growth; 2. Real GDP Growth; 3. Real Per Capita GDP Growth; 4. Per Capita GDP; 5. Per Capita PPP GDP; 6. Per Capita GDP; B. Quality of Life; 7. 2004 Human Development Index; 8. Life Expectancy; IV. Environment and Conditions; A. Productivity and Labor Markets; 9. GINI Coefficient; 10. CEMAC and WAEMU: Productivity Index; 11. Demographics and Labor Market; B. Costs and Prices; Tables
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (42 p.)
Specific Material Designation
Form Of Item

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