Costed Action Plan for SADC Industrialization Strategy and Roadmap Box 1.1 Strategic Objectives of the Strategy (a) Quantitative The quantitative goals are:  To lift the regional growth rate of real GDP from 4 percent annually (since 2000) to a minimum of 7 percent a year.  To double the share of manufacturing value added (MVA) in GDP to 30 percent by 2030 and to 40 percent by 2050, including the share of industry-related services.  To increase the share of medium-and-high-technology production in total MVA from less than 15 percent at present to 30 percent by 2030 and 50 percent by 2050.  To increase manufactured exports to at least 50 percent of total exports by 2030 from less than 20 percent at present.  To build market share in the global market for the export of intermediate products to East Asian levels of around 60 percent of total manufactured exports.  To increase the share of industrial employment to 40 percent of total employment by 2030. (b) Qualitative The qualitative goals seek to:         Achieve a major socio-economic transformation at the national and regional levels. Accelerate the growth momentum and enhance the comparative and competitive advantage of the economies of the region. Diversify and broaden the industrial base and interdependences. Enhance the productive capacity, productivity and competitiveness of SADC economies. Provide a framework for environmentally friendly and climate resilient technological and industrial catch-up, export diversification, natural resources beneficiation, enhanced value-addition and increased regional trade and employment generation. Develop viable regional value chains capable of interacting with global value chains and identify areas where the SADC region can have the greatest success in capturing high opportunities based on present and future strengths and capabilities. Build a collaborative but challenging strategic partnership between governments, the private sector, the civil society and the development partners as a compact for industrialization. Ultimately, build firm and enduring foundations for a modernized SADC economy Source: SADC Industrialization Strategy and Roadmap 2015-2063 The Strategy outlines three corresponding time-framed growth scenarios underpinning this process, referenced as: Phase I: Years 2015-2020. This phase covers the remaining period of the Revised RISDP and constitutes a period of active frontloading of the Industrial Development and Market Integration component and laying firm foundations for longterm development. 19