Economic Development in Africa Report 2011
Fostering Industrial Development in Africa in the New Global Environment
This publication examines the status of industrial development in Africa with a focus on the identification of stylized facts associated with African manufacturing. It provides an analysis of past attempts at promoting industrial development in the region and the lessons learned from these experiences. 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. Finally, it argues that a new industrial policy is needed to induce structural transformation and engender development in African economies.
