By J Nastranis
NEW YORK | VIENNA (IDN) - "Africa is by no means destined to lag behind the rest of the world economy. On the contrary, it could easily become a global economic powerhouse – and within the next decade. But, to fulfil its economic potential, Africa must industrialize," says Director General LI Yong of the United Nations Industrial Development Organization (UNIDO).
This has been stressed repeatedly at recent international forums, including the Sixth Tokyo International Conference on African Development (TICAD VI) in August 2016, and the G20 summit in Hangzhou, China, the following month, he adds. For the first time, the G20 placed industrialization in Africa – and all of the Least Developed Countries (LDCs) – on its agenda. The African Union’s Agenda 2063 also supports this drive.