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Sustainable and Inclusive Growth in Africa: Industrialization a Must

African Journal of Economic Review

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Field Value
 
Title Sustainable and Inclusive Growth in Africa: Industrialization a Must
 
Creator Moshi, HPB
 
Subject Industrialization, inclusive growth, Africa, Manufacturing
 
Description 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.Key words: Industrialization, inclusive growth, Africa, Manufacturing,
 
Publisher Centre for Economics and Community Economic Development
 
Contributor —
 
Date 2015-04-28
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://www.ajol.info/index.php/ajer/article/view/116281
 
Source African Journal of Economic Review; Vol 2, No 2 (2014); 19-38
1821-8148
 
Language eng
 
Relation https://www.ajol.info/index.php/ajer/article/view/116281/105801
 
Rights The copyright belongs to: African Journal of Economic Review, Centre for Economics and Community Economic Development, The Open University of Tanzania, P.O.Box 23409, Dar es salaam, Tanzania