Decades of growth in trade and foreign investment have seen global economies become more interconnected than ever before. This trend has been reinforced by the steady liberalisation of international trade and investment, at the bilateral, plurilateral and multilateral levels. National economic specialisations, and regional economic and...
A small country maintaining good relations with both of its neighbours and a range of global powers, Djibouti is often referred to as an island of stability in a sometimes-troubled region. Despite domestic challenges related to the country’s economic and infrastructural development, political life has been relatively peaceful in recent years,...
Recent decades have seen a downward convergence in corporate tax regimes as advanced, emerging and developing economies moved to grab a bigger slice of the global investment pie. Headline corporate tax rates have fallen by 20 percentage points since the early 1980s. Alongside lower average rates, special tax incentives aimed at capturing...
Despite myriad benefits from its inherently advantageous geographic location, Djibouti’s medium-term economic trajectory will largely depend on its strategic planning and the availability of financial resources. With this in mind, in 2013 the authorities launched Djibouti Vision 2035, a long-term development plan aimed at transitioning the...
A key entryway to the Horn of Africa, Djibouti’s strategic location at the confluence of the Red Sea and the Indian Ocean, combined with its historic links to Europe, the Arabian Peninsula, East Africa and Asia, make it a unique crossroads for international culture and trade. A country of diverse traditions and landscapes, Djibouti is very...
Djibouti’s GDP growth of 6.7% in 2017 was primarily due to government efforts to overhaul the economy under the auspices of its flagship national development blueprint, Djibouti Vision 2035. The plan’s aim is to transform the country into a middle-income economy, as well as a regional transport and logistics hub, and it seems to have been...
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