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oapen-20.500.12657-323102022-04-26T11:21:08Z Manufacturing Transformation: Comparative Studies of Industrial Development in Africa and Emerging Asia Page, John Tarp, Finn Rand, John Shimeles, Abebe Newman, Carol Söderbom, Måns natural resources structural transformation economic growth africa industrial development Foreign direct investment Gross domestic product Secondary sector of the economy bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCD Economics of industrial organisation bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCG Economic growth bic Book Industry Communication::K Economics, finance, business & management::KC Economics::KCM Development economics & emerging economies 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 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 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 10 per cent, unchanged from the 1970s. In fact 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 10 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 experts on industrial development. It provides the most comprehensive description and analysis available of the contemporary industrialization experience in low-income Africa. 2016-12-31 23:55:55 2018-10-03 09:09:28 2020-04-01T14:06:17Z 2020-04-01T14:06:17Z 2016 book 612770 OCN: 972071266 9780198776987 http://library.oapen.org/handle/20.500.12657/32310 eng WIDER Studies in Development Economics application/pdf n/a 612770.pdf https://global.oup.com/academic/product/manufacturing-transformation-9780198776987?q=Manufacturing%20Transformation:%20Comparative%20Studies%20of%20In Oxford University Press 10.1093/acprof:oso/9780198776987.001.0001 10.1093/acprof:oso/9780198776987.001.0001 b9501915-cdee-4f2a-8030-9c0b187854b2 c9be6ad3-6692-452d-a1f3-a3e6c74f0fe2 9780198776987 336 Oxford, UK UNU WIDER open access
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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 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 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 10 per cent, unchanged from the 1970s. In fact 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 10 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 experts on industrial development. It provides the most comprehensive description and analysis available of the contemporary industrialization experience in low-income Africa.
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