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Industrial Policy and Economic Transformation in Africa

Author: Akbar Noman; Joseph E Stiglitz
Publisher: New York, NY : Columbia University Press, [2015] ©2015
Series: Initiative for Policy Dialogue.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:
The revival of economic growth in Sub-Saharan Africa is all the more welcome for having followed one of the worst economic disasters since the industrial revolution. Six of the world's fastest growing economies in the 2000s were African. But with the exception of Ethiopia and Rwanda, the growth of these African nations was largely fueled by discoveries and the rising price of oil. Deindustrialization has yet to be  Read more...
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Details

Genre/Form: Electronic books
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Akbar Noman; Joseph E Stiglitz
ISBN: 9780231540773 0231540779
OCLC Number: 979587829
Language Note: In English.
Description: 1 online resource (368 pages) : illustrations.
Contents: Frontmatter --
Contents --
Acronyms --
Acknowledgments --
Chapter 1. Introduction and Overview: Economic Transformation and Learning, Industrial, and Technology Policies in Africa --
Chapter 2. Is Industrial Policy Necessary and Feasible in Africa?: Theoretical Considerations and Historical Lessons --
Chapter 3. Industrial Strategy and Economic Transformation: Lessons from Five Outstanding Cases --
Chapter 4. The Economic Implications of a Comprehensive Approach to Learning on Industrial Policy: The Case of Ethiopia --
Chapter 5. Review of Industrial Policies in Ethiopia: A Perspective from the Leather and Cut Flower Industries --
Chapter 6. The Return of Industrial Policy: (What) Can Africa Learn from Latin America? --
Chapter 7. Can the Financial Sector Deliver Both Growth and Financial Stability in Sub-Saharan Africa? --
Chapter 8. Growth Strategies for Africa in a Changing Global Environment: Policy Observations for Sustainable and Shared Growth --
Chapter 9. Measuring Policy Performance: Can We Do Better than the World Bank? --
About the Editors --
About the Authors --
Index.
Series Title: Initiative for Policy Dialogue.
Responsibility: edited by Akbar Noman, Joseph E. Stiglitz.
More information:

Abstract:

The revival of economic growth in Sub-Saharan Africa is all the more welcome for having followed one of the worst economic disasters since the industrial revolution. Six of the world's fastest growing economies in the 2000s were African. But with the exception of Ethiopia and Rwanda, the growth of these African nations was largely fueled by discoveries and the rising price of oil. Deindustrialization has yet to be reversed and structural transformation remains limited. This book explores the vital role that industrial policies can play in bringing about a transformation of African economies. Such policies pertain not just to industry. They traverse all economic sectors, including finance, information technology, and agriculture. More accurately understood as a package of learning, industrial, and technology (LIT) policies, they aim to bring vigorous and lasting growth to the region. This collection features case studies of LIT policies in action in many parts of the world, examining their risks and rewards and what they mean for Sub-Saharan Africa.

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