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.
Arvustused
An invaluable guide for Africa's pursuit of economic transformation and for those concerned with the 'what' and 'how' of government's role. This book highlights where government and industry can collaborate to design and execute a transformation agenda and sharply details why industrial policies should be central to government strategies. -- K. Y. Amoako, president, African Center for Economic Transformation A refreshing and timely intervention in policy debates on the industrialization of African countries. The book is outstanding and should be read not only by those interested in Africa's industrialization but also by readers from other parts of the world who have sought to bring industrial policy back into their own development thinking and endeavors. -- Thandika Mkandawire, London School of Economics This impressive book is about how to generate decent jobs, reduce poverty, and achieve inclusive and sustainable structural transformation through industrialization in Africa. It should be read by anyone who hopes to transform or help transform Africa from a land of poverty to a land of prosperity. -- Justin Yifu Lin, Peking University and former chief economist of the World Bank Marked by breadth and clarity, this is a valuable addition to the literature on economic policy on the African continent... Highly recommended. Choice
Muu info
This book explores the vital role that active government policies can play in transforming African economies. Packages of learning, industrial, and technology policies aim to bring vigorous and lasting growth to the region. This collection features case studies of such policies in action, examining their risks and rewards and what they mean for Sub-Saharan Africa.
| Acronyms |
|
ix | |
| Acknowledgments |
|
xiii | |
|
1 Introduction and Overview: Economic Transformation and Learning, Industrial, and Technology Policies in Africa |
|
|
1 | (29) |
|
|
|
|
|
2 Is Industrial Policy Necessary and Feasible in Africa?: Theoretical Considerations and Historical Lessons |
|
|
30 | (23) |
|
|
|
3 Industrial Strategy and Economic Transformation: Lessons from Five Outstanding Cases |
|
|
53 | (49) |
|
|
|
4 The Economic Implications of a Comprehensive Approach to Learning on Industrial Policy: The Case of Ethiopia |
|
|
102 | (21) |
|
|
|
5 Review of Industrial Policies in Ethiopia: A Perspective from the Leather and Cut Flower Industries |
|
|
123 | (39) |
|
|
|
|
|
6 The Return of Industrial Policy: (What) Can Africa Learn from Latin America? |
|
|
162 | (35) |
|
|
|
7 Can the Financial Sector Deliver Both Growth and Financial Stability in Sub-Saharan Africa? |
|
|
197 | (33) |
|
|
|
|
|
8 Growth Strategies for Africa in a Changing Global Environment: Policy Observations for Sustainable and Shared Growth |
|
|
230 | (38) |
|
|
|
|
|
9 Measuring Policy Performance: Can We Do Better than the World Bank? |
|
|
268 | (25) |
|
|
| About the Editors |
|
293 | (2) |
| About the Authors |
|
295 | (4) |
| Index |
|
299 | |
Akbar Noman teaches at Columbia University, where he is a senior fellow at the Initiative for Policy Dialogue, cochair of its Africa Task Force, and adjunct associate professor at the School of International and Public Affairs. He has also worked at Oxford University; the Institute of Development Studies at the University of Sussex; a number of international organizations, including the World Bank; and senior governmental positions. Joseph E. Stiglitz is University Professor at Columbia University, former chief economist and senior vice president of the World Bank, and former chair of the Council of Economic Advisers under President Clinton. His books include Making Globalization Work; Freefall: America, Free Markets, and the Sinking of the World Economy; The Price of Inequality: How Today's Divided Society Endangers Our Future; Fair Trade for All (with Andrew Charlton), Creating a Learning Society: A New Approach to Growth, Development, and Social Progress (with Bruce C. Greenwald) and The Great Divide: Unequal Societies and What We Can Do About Them. In 2001, he was awarded the Nobel Prize in economics.
Lisainfo e-raamatute kohta