Publication: Horn of Africa Regional Economic Memorandum: Overview
Date
2021-06-21
ISSN
Published
2021-06-21
Author(s)
Abstract
The objective of this Regional
Economic Memorandum (REM) is to strengthen the economic
analysis available to policymakers on the challenges and
opportunities for regional economic integration to support
job creation and economic transformation in the Horn of
Africa. It assesses the current state of regional economic
integration, how policies and investments can deepen this
integration, and how this could help to address the
opportunities and challenges confronting the region. The
analysis applies both an economic geography perspective
(based on the 3Ds framework of the 2009 WDR – density,
distance, and division) and the lens of the jobs and
economic transformation (JET) agenda, whilst taking into
account fragility and conflict and the region’s complex and
evolving political economy. This overview synthesizes the
key findings of the analysis conducted for the HoA REM, full
details of which are presented in a series of Background
Papers. The overview briefly describes key aspects of the
region’s economy and development progress (Section 2). Next,
in Section 3, it presents features of the economic geography
of the region and some key results from economic modeling
and transport connectivity analysis. The findings
demonstrate the salience of the JET agenda in the Horn, and
this and its implications are discussed in Section 4.
Finally, Section 5 concludes by highlighting the main policy
messages which emerge from the REM’s regional-level analysis.
Link to Data Set
Citation
“Brenton, Paul; Bundervoet, Tom; Edjigu, Habtamu; Masaki, Takaaki; Sienaert, Alexis. 2021. Horn of Africa Regional Economic Memorandum: Overview. © World Bank, Washington, DC. http://hdl.handle.net/10986/36460 License: CC BY 3.0 IGO.”