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resources and the rest of the econo-  private sector development.     best way to eradicate poverty is to
          my. If you look at the dynamics of   What is UNCTAD doing in this      create sustainable livelihoods. If
          the African economy, the majority   field?                             people have sustainable incomes
          of the population does not work in                                     they become the main players in
          the extractive industries; they are   Well, we cannot fix every problem.   achieving social goals -- better
          in what we call non-tradable sec-  We have no ability to do so, nor    education, better housing, better
          tors. So, the spin-off from oil and   even the ambition. I remember    health care, etc.
          mineral exports has been fuelling   a Danish minister made a very
          the management of state affairs    famous remark when his govern-      So we say, do not just set the goals
          and has not been improving hu-     ment was accused of investing too   of social aspiration, but of econo-
          man resources within the country.   much money in education. He said:   mic empowerment. That is one
          More deliberate action, linking    "If you think education is expen-   major area of our contribution. The
          the spin-off of natural resources   sive, try the alternative. What is   second one is to look at innova-
          with the local population, through   the price of an illiterate popula-  tive ways of financing these goals.
          investment in education, competi-  tion?" To my mind, the growth in    How do we tap into sector finan-
          tiveness, more agriculture and the   modern education -- investment    cing more than before? How do we
          tourism sector, can be the                                                   include the private sector as
          only way that the gains of                                                   partners in conceiving and
          the commodity boom can                                                       implementing social deve-
          be good for countries.                                                       lopment and sustainable
                                                                                       development goals? We
          The other fact is that                                                       also note the wealth of sus-
          countries that have done                                                     tainable resources that are
          extremely well are those                                                     held back by such players
                                in
          investing 		                                                                 as Norway and Qatar. They
                      heavily
          infrastructure, like Ethio-                                                  have huge sovereign funds
          pia with 6,000 kilometres                                                    that are basically held back
          of asphalt roads,  2,000                                                     from circulation and pro-
          kilometres of railways, etc. These   in the intellectual development of   ductive activity. What is neces-
          efforts, in the short term, create   the population -- is not only impor-  sary for them to transform these
          a boom in construction employ-     tant to create jobs, it's liberating   resources into non-traditional in-
          ment, but unless there is a sustain-  for individuals. Despite the politi-  vestments? These are some of the
          able boost on economic activity    cal consequences, liberated indivi-  areas in which we are engaged. We
          beyond this phase, you face many   duals are better whether they have   are hosting an open dialogue ta-
          challenges. In  2050  Ethiopia will   modern sector jobs or not. There   king place in Geneva. The next one
          be placing 2.5 million new persons   may be problems in the short term   will be in June  2014. We believe
          on the labour market every year.   for the governments that fail to ex-  that the trade hub of Geneva has
          To employ that level of population   pand employment opportunities. I   something refreshing but impor-
          represents a very substantial chal-  cannot trade off the desire for sta-  tant to say in the process going on
          lenge. The absence of investment   bility with illiteracy.             in New York.
          in structural transformation makes
          the current boom very vulnerable.   Q: The United Nations is cur-      Q: Finally, do you have so-
          That is the reason why I am not    rently working on the post-         mething that you would like to
          totally optimistic. I would be more   2015   Development Goals.        highlight?
          optimistic if it were possible to add   What is UNCTAD doing in this
          more value to African products, to   sphere?                           In June 2014 we will be marking
          have a more organic relationship                                       the fiftieth anniversary of the si-
          between the extractive industries   As a member of the UN family,      gning of the constitutional act set-
          and the rest of the economy, to    we are facilitators as countries    ting up UNCTAD. We are proud of
          invest more in human resources     move towards their involvement,     our contribution to humanity and
          -- the most important guarantee of   which will start in September at   some of the work we have done
          future prosperity.                 the General Assembly. Having said   has been translated into long-term
                                             that there are two areas where we   progress in the world, such as the
          Q: Many African countries          continue to contribute. Sustainable   concept of the LDC, the proposal to
          have universities. People are      goals should not just be a bucket-  write-off debt, the proposal of 0.7%
          saying that it is only a matter    ful of social deliverables: so many   for development assistance, etc.  N
          of time before there is social     health centres, so many schools,
          disorder due to the lack of        etc. China has taught us that the




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