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Modern economic development is accompanied by the structural transformation from an agrarian to an industrial economy. Since the 18th century, all countries that industrialized successfully have followed their comparative advantages and leveraged the latecomer advantage, including emerging...
Persistent link: https://www.econbiz.de/10011009742
African countries are facing great opportunities but also formidable challenges in accelerating economic growth and sustaining a high level of economic performance. The experiences of East Asian countries may offer valuable insights for African leaders and governments in making concerted efforts...
Persistent link: https://www.econbiz.de/10010438054
African countries are facing great opportunities but also formidable challenges in accelerating economic growth and sustaining a high level of economic performance. The experiences of East Asian countries may offer valuable insights for African leaders and governments in making concerted efforts...
Persistent link: https://www.econbiz.de/10010494231
Industrialization supported by industrial hubs has been widely associated with structural transformation and catch-up. But while the direct economic benefits of industrial hubs are significant, their value lies first and foremost in their contribution as incubators of industrialization,...
Persistent link: https://www.econbiz.de/10012669727
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This paper examines China and Africa co-operation from the angle of structural transformation as a major driver of …, opportunities as well as development finances in Africa's transformation. We review critical parts of China's transformation to see … if these ideas are relevant for Africa. We use empirical evidence from China-Africa co-operation and find that China …
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