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Mauritania: Intra-Africa Trade in Value Added

The Mauritanian economy suffers a substantial lack of diversification, low productivity, and over-reliance on primary sectors. According to the world bank Mauritania: Country Economic Memorandum (2020), in 2017, mining and fishing products accounted for 98.1 percent of the country’s exports. The insufficiency of the economic diversification and the slow transformation of the economy have central implications when it comes to the vulnerability to external shocks such as exchange rate and commodity prices fluctuation. An example is the 2014 fall in the price of the commodity shock that led the 5.5 percent GDP growth in the period 2011-2014 to drop to 2.5 percent in the period 2015-2018. Moreover, the insufficient diversification of the economy results in the dependency on low value-added domestic activities, which in turn, is associated with limited job creation, low productivity, and sluggish growth.

Is COVID-19 a positive idiosyncrasy on the socio-economic scale in the Maghreb countries?

COVID-19 posed an unexpected global threat. Indeed, it has spiked a drastic economic downturn in such a short period of time through border closures, prophylactic isolation, social distance, brutal travel inhibition, etc. It has also caused a drastic economic recession in such a short period of time. Moreover, the surge in the use of medicines in hospitals has stimulated a production shortfall in order to meet the needs of the sick. Adverse effects on global health systems with a ripple effect on all aspects of human life as we know it. Sohrabi et al. highlighted the magnitude of the epidemic, as the World Health Organization (WHO) declared the pandemic a global emergency on 30 January 2020.