Cover - Contents - Explanatory notes - Abbreviations
Chapter 1
Introduction
Chapter 2
Promoting industrial development in africa: stages, performance and
lessons learned
- A. Stages of industrial development in Africa
- B. The performance and characteristics of African manufacturing
- C. Lessons learned
Chapter 3
Towards a new industrial policy in Africa: Industrial diagnosis and
strategy design
- A. Introduction
- B. The question of strategic choice and selectivity in facilitating structural change
- C. A framework for industrial strategy design
- D. Applying the framework: a typology of African countries’ industrial performance
- E. Applying the framework: linking countries with different strategic choices
- F. Steps in the industrial strategy design process
Chapter 4
Towards a new industrial policy in Africa: The why and the how of policy-making
- A. The rationale for industrial policy
- B. Key principles of new industrial policy
- C. The areas and instruments of new industrial policy
- D. Institutional and governance issues
- E. The importance of complementary policies
- F. Financing industrial development: Where will the resources for industrialization come from?
- G. The role of regional integration
Chapter 5
Towards a new industrial policy in Africa: Taking account of the new
global environment
- A. International trade rules
- B. Rising industrial powers from the South
- C. Climate change
- D. Global value chains
- E. Summary
Chapter 6
Fostering industrial development in Africa: Main findings and recommendations
- A. Main findings
- B. Policy recommendations
- C. Conclusion
Notes
References
boxes
1. Floriculture in Ethiopia: An African success stories
2. The West African Common Industrial Policy
tables
1. Contribution of industry to GDP 1970-2008
2. African manufacturing by sectors and technological classification
2000-2009
3. Structure of African manufacturing exports: top 10 export products by
technology category
4. Manufacturing performance of African countries
5. Industrial structure of selected African countries 2009
6. Cost of infrastructure services in Africa
figures
1. Structural transformation of Africa’s economy vis-ŕ-vis other developing
regions
2. Structural transformation of Africa’s exports vis-ŕ-vis other
developing regions
3. Importance of low technology manufacturing exports and trade balance
4. A strategic approach to industrial policy making in Africa
5. Framework for the comparative assessment of the relative attractiveness
and strategic feasibility of manufacturing activities for African countries
6. Illustration of the relative attractiveness and feasibility of unused potentials
in various manufacturing industries
7. Typology of African countries based on industrial performance
8. An overview of African countries’ industrialization level and growth
performance
9. African countries’ industrial performance
10. GDP per capita in Africa and the BRIC countries
explanatory notes
The $ sign refers to the United States dollar.
Sub-Saharan Africa: Except where otherwise stated, this includes South
Africa.
North Africa: In this publication, Sudan is classified as part of sub-Saharan
Africa, not North Africa.
There is mounting evidence indicating that industrial development presents
great opportunities for sustained growth, employment and poverty reduction.
Consequently, over the past decade, African governments have renewed their
political commitment to industrialization and have adopted several initiatives
at the national and regional levels to enhance prospects of achieving their
development objectives.
The Economic Development in Africa Report (EDAR) 2011 examines the
status of industrial development in Africa with a focus on the identification of
"stylized facts" associated with African manufacturing. It also provides an
analysis of past attempts at promoting industrial development in the region and
the lessons learned from these experiences. Furthermore, it offers policy
recommendations on how to foster industrial development in Africa in the new
global environment characterized by changing international trade rules, growing
influence of industrial powers from the South, the internationalization of
production, and increasing concerns about climate change.
The Report argues that a new industrial policy is needed to induce structural
transformation and engender development in African economies.
The Report advocates a strategic approach to industrial policy-making which
is based on an industrial diagnosis and proposes a framework for industrial
strategy design which takes account of the heterogeneity of African economies
and is also tailored to country-specific circumstances.
Furthermore, the Report suggests that efforts to promote industrial
development in Africa should focus on:
- The promotion of scientific and technological innovation
- The creation of linkages in the domestic economy
- The promotion of entrepreneurship
- The improvement of government capabilities
- Adoption of appropriate monetary and fiscal policies
- Avoiding exchange rate overvaluation
- Enhancing resource mobilization
- Strengthening regional integration
- Maintenance of political stability
