Widening the Options: Implications for Public Policy
Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
Standard
Widening the Options : Implications for Public Policy. / Newfarmer, Richard; Page, John; Tarp, Finn.
Industries Without Smokestacks: Industrialization in Africa Reconsidered. ed. / Richard Newfarmer; John Page; Finn Tarp. Oxford University Press, 2018. p. 411-431 (WIDER Studies in Development Economics).Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
Harvard
APA
Vancouver
Author
Bibtex
}
RIS
TY - CHAP
T1 - Widening the Options
T2 - Implications for Public Policy
AU - Newfarmer, Richard
AU - Page, John
AU - Tarp, Finn
PY - 2018/11
Y1 - 2018/11
N2 - Structural change is taking place in Africa at a pace and with a pattern distinct from the historical experience of today’s industrialized countries. These differences reflect technological change, a changing global marketplace interacting with policy, a rapidly growing labour force and natural endowments. Some African countries, perhaps with coastal locations, will be able to transform their economic structures through manufacturing. However, it would be surprising if the successful African economy of the future closely followed the export-oriented manufacturing-led path that characterized East Asia’s structural transformation. Africa’s growing economies are likely to have economic structures that contain high value-added agriculture, agro-industry and tradable services in addition to a more robust manufacturing base. Global realities will force Africa’s policy makers to think of ways to promote structural transformation into activities beyond manufacturing.
AB - Structural change is taking place in Africa at a pace and with a pattern distinct from the historical experience of today’s industrialized countries. These differences reflect technological change, a changing global marketplace interacting with policy, a rapidly growing labour force and natural endowments. Some African countries, perhaps with coastal locations, will be able to transform their economic structures through manufacturing. However, it would be surprising if the successful African economy of the future closely followed the export-oriented manufacturing-led path that characterized East Asia’s structural transformation. Africa’s growing economies are likely to have economic structures that contain high value-added agriculture, agro-industry and tradable services in addition to a more robust manufacturing base. Global realities will force Africa’s policy makers to think of ways to promote structural transformation into activities beyond manufacturing.
KW - Faculty of Social Sciences
KW - Africa
KW - industrial transformation
KW - technological change
KW - structural transformation
KW - policy makers
KW - services
KW - manufacturing
U2 - 10.1093/oso/9780198821885.003.0020
DO - 10.1093/oso/9780198821885.003.0020
M3 - Book chapter
SN - 9780198821885
T3 - WIDER Studies in Development Economics
SP - 411
EP - 431
BT - Industries Without Smokestacks
A2 - Newfarmer, Richard
A2 - Page, John
A2 - Tarp, Finn
PB - Oxford University Press
ER -
ID: 213672756