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    Manufacturing Transformation: Comparative Studies of Industrial Development in Africa and Emerging Asia

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    Contributor(s)
    Page, John (editor)
    Tarp, Finn (editor)
    Rand, John (editor)
    Shimeles, Abebe (editor)
    Newman, Carol (editor)
    Söderbom, Måns (editor)
    Language
    English
    Show full item record
    Abstract
    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 much-lauded growth turnaround since 1995 has been the result of fewer economic policy mistakes, robust commodity prices, and new discoveries of natural resources. At the same time, Africa’s economic structure has changed very little. Primary commodities and natural resources still account for the bulk of exports. Industry is most often the leading driver of structural transformation. Africa’s experience with industrialization over the past thirty years has been disappointing. In 2010, sub-Saharan Africa’s average share of manufacturing value added in GDP was 10 per cent, unchanged from the 1970s. In fact the share of medium- and high-tech goods in manufacturing production has been falling since the mid-1990s. Per capita manufactured exports are less than 10 per cent of the developing country average. Consequently, Africa’s industrial transformation has yet to take place. This book presents results of comparative country-based research that sought to answer a seemingly simple but puzzling question: why is there so little industry in Africa? It brings together detailed country case studies of industrial policies and industrialization outcomes in eleven countries, conducted by teams of national researchers in partnership with experts on industrial development. It provides the most comprehensive description and analysis available of the contemporary industrialization experience in low-income Africa.
    URI
    http://library.oapen.org/handle/20.500.12657/32310
    Keywords
    natural resources; structural transformation; economic growth; africa; industrial development; Foreign direct investment; Gross domestic product; Secondary sector of the economy
    DOI
    10.1093/acprof:oso/9780198776987.001.0001
    ISBN
    9780198776987
    OCN
    972071266
    Publisher
    Oxford University Press
    Publisher website
    https://global.oup.com/
    Publication date and place
    Oxford, UK, 2016
    Grantor
    • UNU WIDER
    Series
    WIDER Studies in Development Economics,
    Classification
    Economics of industrial organization
    Economic growth
    Development economics and emerging economies
    Pages
    336
    Public remark
    Relevant Wikipedia pages: Africa - https://en.wikipedia.org/wiki/Africa; Foreign direct investment - https://en.wikipedia.org/wiki/Foreign_direct_investment; Gross domestic product - https://en.wikipedia.org/wiki/Gross_domestic_product; Industrial policy - https://en.wikipedia.org/wiki/Industrial_policy; Industrialisation - https://en.wikipedia.org/wiki/Industrialisation; Industry - https://en.wikipedia.org/wiki/Industry; Secondary sector of the economy - https://en.wikipedia.org/wiki/Secondary_sector_of_the_economy
    Rights
    https://creativecommons.org/licenses/by-nc-sa/3.0/
    • Imported or submitted locally

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    License

    • If not noted otherwise all contents are available under Attribution 4.0 International (CC BY 4.0)

    Credits

    • logo EU
    • This project received funding from the European Union's Horizon 2020 research and innovation programme under grant agreement No 683680, 810640, 871069 and 964352.

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