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Persistent link: https://www.econbiz.de/10011333417
Africa should industrialize. Without structural change it cannot sustain recent growth. Economies with more diverse and sophisticated industrial sectors tend to grow faster. But since 1980 Africa has deindustrialized. The paper shows that between 1975 and 2005 the size, diversity and...
Persistent link: https://www.econbiz.de/10009269834
Persistent link: https://www.econbiz.de/10009720352
Africa should industrialize. Without structural change it cannot sustain recent growth. Economies with more diverse and sophisticated industrial sectors tend to grow faster. But since 1980 Africa has deindustrialized. The paper shows that between 1975 and 2005 the size, diversity and...
Persistent link: https://www.econbiz.de/10010330121
While it is possible for economies to grow based on abundant land or natural resources, more often structural change-the shift of resources from low-productivity to high-productivity sectors-is the key driver of economic growth. Structural transformation is vital for Africa. The region's...
Persistent link: https://www.econbiz.de/10011484941
Why is there so little industry in Africa? Over the past forty years, industry and business interests have moved increasingly from the developed to the developing world, yet Africa's share of global manufacturing has fallen from about 3 percent in 1970 to less than 2 percent in 2014. Industry is...
Persistent link: https://www.econbiz.de/10012434285
This work examines how African policy makers might develop better coordination between the public and private sectors to identify the constraints to faster structural transformation, and to design, implement, and monitor policies to remove them
Persistent link: https://www.econbiz.de/10013522700
Why industry matters for Africa -- Why industry matters for Africa -- Realities and opportunities -- Industrialization efforts and outcomes -- Can Africa break in? -- Learning to compete -- Productivity, exports and competition -- Firm capabilities -- Industrial clusters -- How Africa can...
Persistent link: https://www.econbiz.de/10013535380
Persistent link: https://www.econbiz.de/10013478340