Sustainable and Inclusive Growth in Africa: Industrialization a Must

This article builds a case for the imperative of boosting the manufacturing sector as the surest way of tackling Africa’s development challenges of fragile economic growth, poverty, inequality and vulnerability to socio-economic shocks. In doing so, the article firstly analyses the critical role manufacturing sector plays in a country’s socio-economic development. Secondly, it assesses the status of the sector in Africa by gauging its growth rate, over time, and its contribution to GDP. Thirdly, it identifies the factors which have undermined the growth of the sector. Fourthly, it draws an agenda for revival and boosting of the manufacturing sector, while avoiding the mistakes of the past industrialization episodes. Finally, some policy and strategic recommendations are drawn to guide the next generation of a manufacturing-led development paradigm by putting emphasis on the imperative of forging strong partnerships between the private and public sector.


Issue Date:
Jul 01 2014
Publication Type:
Journal Article
ISSN:
1821-8148
Language:
English
Published in:
African Journal of Economic Review, Volume 02, Number 2
Page range:
19-38




 Record created 2017-10-20, last modified 2017-10-20

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