The Economic Development in Africa Report (EDAR) 2011 examines the status of industrial development in Africa with a focus on the identification of "stylized facts" associated with African manufacturing. It also provides an analysis of past attempts at promoting industrial development in the region and the lessons learned from these experiences. Furthermore, 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.
The Report argues that a new industrial policy is needed to induce structural transformation and engender development in African economies.
The Report advocates a strategic approach to industrial policy-making which is based on an industrial diagnosis and proposes a framework for industrial strategy design which takes account of the heterogeneity of African economies and is also tailored to country-specific circumstances.
Source: United Nations Conference on Trade and Development
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