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Impact of Common Currency Membership on West African Countries’ Enhanced Economic Growth Read chapter Read first chapter

2016 | OriginalPaper | Chapter

Industrial Policy and Structural Change: Some Policy Perspectives

Author : Michael Mbate

Published in: Accelerated Economic Growth in West Africa

Publisher: Springer International Publishing

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Abstract

Development thinking in most African countries is gradually shifting in favor of industrial policy. This paper examines the dynamics of industrial policy, with a special focus on West African countries. The paper then presents a comprehensive macroeconomic framework which can guide policy makers in designing and implanting effective industrial policies. Taking into account country and sector specificities, the paper concludes by examining the various industrial policy tools which can be implemented to accelerate industrial development on the continent.

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previous chapter Manufacturing Export, Infrastructure and Institutions: Reflections from ECOWAS
next chapter Basic Infrastructure, Growth and Convergence in WAEMU
Literature
Altenburg T (2011) Industrial policy in developing countries, overview and lessons from seven country cases. Discussion Paper 4/2011. German Development Institute, Bonn
ECA and AUC (2013) Economic report on Africa 2013 – making the most of Africa’s commodities: industrializing for growth, jobs and economic transformation. Economic Commission for Africa, Addis Ababa
ECA (Economic Commission for Africa) and AUC (African Union Commission) (2014) Economic report on Africa 2014 – dynamic industrial policy in Africa: innovative institutions, effective processes and flexible mechanisms. Economic Commission for Africa, Addis Ababa
Hallegatte S, Fay M, Vogt-Schilb A (2013) Green industrial policies: when and how. Policy Research Working Paper Series 6677, World Bank
Hausmann R, Rodrik D (2003) Economic development as self discovery. J Dev Econ 72(2):603–633CrossRef
Lin J, Chang H (2009) Should industrial policy in developing countries conform to comparative advantage or defy it? A debate between Justin Lin and Ha-Joon Chang. Dev Policy Rev 27(5):483–502CrossRef
Pack H, Saggi K (2006) Is there a case for industrial policy? A critical survey. World Bank Res Obs 21(2):267–297CrossRef
Rodrik D (2009) Industrial policy: don’t ask why, ask how. Middle East Dev J 01:1–29CrossRef
Stiglitz J, Lin J, Monga C, Patel E (2013) Industrial policy in the context of Africa. Policy Research Working Paper 6633, World Bank
UNCTAD (United Nations Conference on Trade and Development) and UNIDO (United Nations Industrial Development Organization) (2011) Economic development in Africa report: fostering industrial development in Africa in the New Global Environment. Special issue, United Nations
Metadata
Title
Industrial Policy and Structural Change: Some Policy Perspectives
Author
Michael Mbate
Copyright Year
2016
Book
Accelerated Economic Growth in West Africa

Print ISBN: 978-3-319-16825-8

Electronic ISBN: 978-3-319-16826-5

Copyright Year: 2016

DOI
https://doi.org/10.1007/978-3-319-16826-5_9