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Manufacturing Transformation - Comparative Studies of Industrial Development in Africa and Emerging Asia (Hardcover)
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Manufacturing Transformation - Comparative Studies of Industrial Development in Africa and Emerging Asia (Hardcover)
Series: WIDER Studies in Development Economics
Expected to ship within 12 - 19 working days
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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 making 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 the region's 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 ten per cent, unchanged from
the 1970s. Actually, 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 ten 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 international experts on industrial development.
It provides the reader with the most comprehensive description and
analysis available to date of the contemporary industrialization
experience in low-income Africa. This is an open access title
available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is
free to read at Oxford Scholarship Online and offered as a free PDF
download from OUP and selected open access locations.
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