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In today's interdependent global economy, Africa remains a weak link. If the world is to achieve the Sustainable Development Goals, thereby completing the United Nations 2030 Agenda for Sustainable Development, it must help Africa accelerate its development by promoting rapid and responsible industrialization.Africa is by no means destined to lag behind the rest of the world economy. To fulfill its economic potential, Africa must industrialize.For the first time, the G-20 placed industrialization in Africa – and all of the Least Developed Countries – on its agenda.Though the middle class in Africa has expanded markedly in recent years, generating a consumer boom and boosting domestic investment, many people still struggle to make a living.By understanding and drawing on proven innovations from around the world, Africa could leapfrog more developed countries technologically, building the capacity to produce more sophisticated, higher-value goods.Africa must ensure its industrial-development strategy includes effective environmental safeguards.My numerous meetings with African leaders and visits to dozens of countries across the continent have convinced me that Africa is committed to industrialization.
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