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Industrial Policy and Economic Transformation in Africa (Hardcover)
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Industrial Policy and Economic Transformation in Africa (Hardcover)
Series: Initiative for Policy Dialogue at Columbia: Challenges in Development and Globalization
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The revival of economic growth in Sub-Saharan Africa is all the
more welcome for having followed one of the worst economic
disasters-a quarter century of economic malaise for most of the
region-since the industrial revolution. Six of the world's
fastest-growing economies in the first decade of this century were
African. Yet only in Ethiopia and Rwanda was growth not based on
resources and the rising price of oil. Deindustrialization has yet
to be reversed, and progress toward creating a modern economy
remains limited. This book explores the vital role that active
government policies can play in transforming African economies.
Such policies pertain not just to industry. They traverse all
economic sectors, including finance, information technology, and
agriculture. These packages of learning, industrial, and technology
(LIT) policies 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.
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