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 Periodical article |
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| Title: | Industrial Policy and Industrialisation in Sub-Saharan Africa |
| Authors: | Lall, Sanjaya Wangwe, Samuel |
| Year: | 1998 |
| Periodical: | Journal of African Economies |
| Volume: | 7 |
| Issue: | 1 Supplement |
| Period: | June |
| Pages: | 70-107 |
| Language: | English |
| Geographic term: | Subsaharan Africa |
| Subjects: | industrial policy Development and Technology |
| External link: | https://jae.oxfordjournals.org/content/vol7/suppl_1/index.dtl |
| Abstract: | Industrialization has been an integral part of African development strategies throughout the postindependence era. However, in broad terms, industry in sub-Saharan Africa (SSA) has failed to achieve structural transformation, export dynamism or technical efficiency, producing little of the growth that was expected of it. This paper argues that poor industrial policies carry much of the blame. First, it places industrial policy in the context of globalization and competitiveness. Next, it reviews industrial policy experience in SSA, paying particular attention to the experiences of Ghana, Kenya, Tanzania and Zimbabwe. It suggests that the optimum policy for industrial development is not a hands-off approach. It suggests, instead, that African governments should play an active role in industrial development. Existing patterns of intervention should be thoroughly reformed, with excessive and distorting interventions removed and replaced by policies that address specific market failures. The paper discusses the scope of industrial policy in SSA in terms of human capital formation, industrial financing, domestic and foreign investment, trade liberalization and import policy, technology development policy, and regional cooperation. Finally, it pays attention to constraints on industrial policy in SSA countries. Bibliogr., notes. |
