1945

Towards a new industrial policy in Africa: Taking account of the new global environment

Over the past two decades, the global environment has changed significantly in many respects. International trade is increasingly under regulation in ways that limit the policy space available to governments (UNCTAD, 2004). Developing countries are beginning to play important roles in the global market for manufactured goods, with consequences for the ability of African countries to penetrate export markets. In addition, concern for climate change is generating interest in the use of environmentally friendly technologies and methods of production. Furthermore, production is increasingly being fragmented and located across national borders, thereby intensifying competition.

Related Subject(s): Economic and Social Development
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