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Economic Report on Africa 2014

Dynamic Industrial Policy in Africa: Innovative Institutions, Effective Processes and Flexible Mechanisms

  • Author: UN, ECA
  • Publication date: July 2014
  • Page count: 144
  • Language(s) in this book: English
  • Sales number: 14.II.K.2

Available Formats

ISBN: 9789211251227
ISBN: 9789210566025

About the product

For millions of Africans, growth is yet to translate into jobs and better living conditions. Africa’s largely commodity- driven growth has not been matched by the much needed structural change that can lead to economic transformation, employment, and reduced poverty. Market failures necessitate industrial policy interventions. Yet, in the absence of the right processes and institutions, good industrial policies will fail. Indeed, weak institutions and poor policy design have hindered industrial policy. This report gives a framework for getting the policy process right to foster industrialization. It uses 11 country case studies to assess the critical ingredients for spurring industrialization – innovative institutions, effective processes and flexible mechanisms – and structural transformation.