Tuesday, November 29, 2011

Chocolate Versus Cocoa Will Reduce Poverty In Africa

This article argues that economic development in Africa must follow the path taken by other poor areas that have seen their economies converge toward those of richer areas. This means moving up the value added chain. Africa must move from selling low value added commodities and transition to higher value added manufacturing products. Its better to be selling chocolate than selling cocoa. It will also require investments in higher productivity, through mechanization of agricultural production, and improved distribution systems in Africa. About half of Sub-Sahara crops rot before reaching market.

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