Structural transformation, employment, production and society

Structural transformation, employment, production and society

The Economic Commission for Africa defines structural transformation as the fundamental changes in economic and social structures that advance inclusive and sustainable development This definition addresses three key questions: \

a) What is structural transformation? It is a fundamental and multidimensional process observed in all countries reaching high levels of development;

b) How is it achieved? It requires profound economic and social transformation, such as economic diversification and technological upgrading, the creation of decent and productive employment and equitable social welfare;

c) Why does it matter? It is crucial for implementing the 2030 Agenda for Sustainable Development and Agenda 2063: The Africa We Want.