Industrial Policy and Economic Transformation in Africa

Industrial Policy and Economic Transformation in Africa
Author :
Publisher : Columbia University Press
Total Pages : 469
Release :
ISBN-10 : 9780231540773
ISBN-13 : 0231540779
Rating : 4/5 (73 Downloads)

Synopsis Industrial Policy and Economic Transformation in Africa by : Akbar Noman

The revival of economic growth in Sub-Saharan Africa is all the more welcome for having followed one of the worst economic disasters—a quarter century of economic malaise for most of the region—since the industrial revolution. Six of the world's fastest-growing economies in the first decade of this century were African. Yet only in Ethiopia and Rwanda was growth not based on resources and the rising price of oil. Deindustrialization has yet to be reversed, and progress toward creating a modern economy remains limited. This book explores the vital role that active government policies can play in transforming African economies. Such policies pertain not just to industry. They traverse all economic sectors, including finance, information technology, and agriculture. These packages of learning, industrial, and technology (LIT) policies aim to bring vigorous and lasting growth to the region. This collection features case studies of LIT policies in action in many parts of the world, examining their risks and rewards and what they mean for Sub-Saharan Africa.

Transformation in East African Governance and Business

Transformation in East African Governance and Business
Author :
Publisher : IPR Journals and Book Publishers
Total Pages : 175
Release :
ISBN-10 : 9789914752700
ISBN-13 : 9914752705
Rating : 4/5 (00 Downloads)

Synopsis Transformation in East African Governance and Business by : Dr. Indara Selline

TOPICS IN THE BOOK The Moderating Role of Technology on the Link between Strategic Training and Performance of State Ministries: Perspectives from Kenya Influence of Strategic Management Practices on the Performance of Uganda Police Force Technological Strategies and Performance of the Judicial Sector in Kenya: A Case of Nairobi City County Strategic Management Practices on Performance of Family-Owned Firms in the Manufacturing Sector in Kenya Challenges Hampering Adoption of Different Housing Models to Access Housing by Households in Nairobi County

Africa’s Development Dynamics 2021 Digital Transformation for Quality Jobs

Africa’s Development Dynamics 2021 Digital Transformation for Quality Jobs
Author :
Publisher : OECD Publishing
Total Pages : 284
Release :
ISBN-10 : 9789264606531
ISBN-13 : 926460653X
Rating : 4/5 (31 Downloads)

Synopsis Africa’s Development Dynamics 2021 Digital Transformation for Quality Jobs by : African Union Commission

Africa’s Development Dynamics uses lessons learned in the continent’s five regions – Central, East, North, Southern and West Africa – to develop policy recommendations and share good practices. Drawing on the most recent statistics, this analysis of development dynamics attempts to help African leaders reach the targets of the African Union’s Agenda 2063 at all levels: continental, regional, national and local.

Africa's Infrastructure

Africa's Infrastructure
Author :
Publisher : World Bank Publications
Total Pages : 386
Release :
ISBN-10 : 9780821380833
ISBN-13 : 0821380834
Rating : 4/5 (33 Downloads)

Synopsis Africa's Infrastructure by : World Bank

Sustainable infrastructure development is vital for Africa s prosperity. And now is the time to begin the transformation. This volume is the culmination of an unprecedented effort to document, analyze, and interpret the full extent of the challenge in developing Sub-Saharan Africa s infrastructure sectors. As a result, it represents the most comprehensive reference currently available on infrastructure in the region. The book covers the five main economic infrastructure sectors information and communication technology, irrigation, power, transport, and water and sanitation. 'Africa s Infrastructure: A Time for Transformation' reflects the collaboration of a wide array of African regional institutions and development partners under the auspices of the Infrastructure Consortium for Africa. It presents the findings of the Africa Infrastructure Country Diagnostic (AICD), a project launched following a commitment in 2005 by the international community (after the G8 summit at Gleneagles, Scotland) to scale up financial support for infrastructure development in Africa. The lack of reliable information in this area made it difficult to evaluate the success of past interventions, prioritize current allocations, and provide benchmarks for measuring future progress, hence the need for the AICD. Africa s infrastructure sectors lag well behind those of the rest of the world, and the gap is widening. Some of the main policy-relevant findings highlighted in the book include the following: infrastructure in the region is exceptionally expensive, with tariffs being many times higher than those found elsewhere. Inadequate and expensive infrastructure is retarding growth by 2 percentage points each year. Solving the problem will cost over US$90 billion per year, which is more than twice what is being spent in Africa today. However, money alone is not the answer. Prudent policies, wise management, and sound maintenance can improve efficiency, thereby stretching the infrastructure dollar. There is the potential to recover an additional US$17 billion a year from within the existing infrastructure resource envelope simply by improving efficiency. For example, improved revenue collection and utility management could generate US$3.3 billion per year. Regional power trade could reduce annual costs by US$2 billion. And deregulating the trucking industry could reduce freight costs by one-half. So, raising more funds without also tackling inefficiencies would be like pouring water into a leaking bucket. Finally, the power sector and fragile states represent particular challenges. Even if every efficiency in every infrastructure sector could be captured, a substantial funding gap of $31 billion a year would remain. Nevertheless, the African people and economies cannot wait any longer. Now is the time to begin the transformation to sustainable development.

Unlocking Africa's Business Potential

Unlocking Africa's Business Potential
Author :
Publisher : Brookings Institution Press
Total Pages : 361
Release :
ISBN-10 : 9780815737391
ISBN-13 : 0815737394
Rating : 4/5 (91 Downloads)

Synopsis Unlocking Africa's Business Potential by : Landry Signe

Africa welcomes business investment and offers some of the world's highest returns and impacts Africa has tremendous economic potential and offers rewarding opportunities for global businesses looking for new markets and long-term investments with favorable returns. Africa has been one of the world's fastest-growing regions over the past decade, and by 2030 will be home to nearly 1.7 billion people and an estimated $6.7 trillion worth of consumer and business spending. Increased political stability in recent years and improving regional integration are making market access easier, and business expansion will generate jobs for women and youth, who represent the vast majority of the population. Current economic growth and poverty-alleviation efforts mean that more than 43 percent of the continent's people will reach middle- or upper-class status by 2030. Unlocking Africa's Business Potential examines business opportunities in the eight sectors with the highest potential returns on private investment—the same sectors that will foster economic growth and diversification, job creation, and improved general welfare. These sectors include: consumer markets, agriculture and agriprocessing, information and communication technology, manufacturing, oil and gas, tourism, banking, and infrastructure and construction. The book's analysis of these sectors is based on case studies that identify specific opportunities for investment and growth, along with long-term market projections to inform decision-making. The book identifies potential risks to business and offers mitigation strategies. It also provides policymakers with solutions to attract new business investments, including how to remove barriers to business and accelerate development of the private sector.

The East African Community

The East African Community
Author :
Publisher : International Monetary Fund
Total Pages : 55
Release :
ISBN-10 : 9781475586312
ISBN-13 : 1475586310
Rating : 4/5 (12 Downloads)

Synopsis The East African Community by : Ms.Catherine McAuliffe

The East African Community (EAC) has been among the fastest growing regions in sub-Saharan Africa in the past decade or so. Nonetheless, the recent growth path will not be enough to achieve middle-income status and substantial poverty reduction by the end of the decade—the ambition of most countries in the region. This paper builds on methodologies established in the growth literature to identify a group of countries that achieved growth accelerations and sustained growth to use as benchmarks to evaluate the prospects, and potential constraints, for EAC countries to translate their recent growth upturn into sustained high growth. We find that EAC countries compare favorably to the group of sustained growth countries—macroeconomic and government stability, favorable business climate, and strong institutions—but important differences remain. EAC countries have a smaller share of exports, lower degree of financial deepening, lower levels of domestic savings, higher reliance on donor aid, and limited physical infrastructure and human capital. Policy choices to address some of these shortcomings could make a difference in whether the EAC follows the path of sustained growth or follows other countries where growth upturns later fizzled out.

Africa's Development Dynamics 2019 Achieving Productive Transformation

Africa's Development Dynamics 2019 Achieving Productive Transformation
Author :
Publisher : OECD Publishing
Total Pages : 258
Release :
ISBN-10 : 9789264731295
ISBN-13 : 9264731296
Rating : 4/5 (95 Downloads)

Synopsis Africa's Development Dynamics 2019 Achieving Productive Transformation by : African Union Commission

Africa’s Development DynamicsWhat are the major economic and social trends in Africa? What is Africa’s role in globalisation? This annual report presents an Africa open to the world and towards the future. uses the lessons learned in the five African regions – Central, East, North, Southern and West Africa – to develop recommendations and share good practices. The report identifies innovative policies and offers practical policy recommendations, adapted to the specificities of African economies. Drawing on the most recent available statistics, this analysis of development dynamics aims to help African leaders reach the targets of the African Union’s Agenda 2063 at all levels: continental, regional, national, and local. Every year this report will focus on one strategic theme. This 2019 edition explores policies for productive transformation. It proposes three main policy focus for transforming firms: providing business services to clusters of firms; developing regional production networks; and improving exporting firms’ ability to thrive in fast-changing markets. This volume feeds into a policy debate between African Union’s nations, citizens, entrepreneurs and researchers. It aims to be part of a new co-operation between countries and regions focused on mutual learning and the preservation of common goods. This report is the result of a partnership between the African Union Commission and the OECD Development Centre.

China-Africa and an Economic Transformation

China-Africa and an Economic Transformation
Author :
Publisher : Oxford University Press
Total Pages : 363
Release :
ISBN-10 : 9780198830504
ISBN-13 : 0198830505
Rating : 4/5 (04 Downloads)

Synopsis China-Africa and an Economic Transformation by : Arkebe Oqubay

This volume considers China-Africa relations in the context of a global division of labour and power, and through the history and experiences of both China and Africa. It examines the core ideas of structural transformation, productive investment and industrialization, international trade, infrastructure development, and financing.

Challenging the Frontiers of African Integration

Challenging the Frontiers of African Integration
Author :
Publisher : E&d Vision Publishing Limited
Total Pages : 442
Release :
ISBN-10 : 9987521819
ISBN-13 : 9789987521814
Rating : 4/5 (19 Downloads)

Synopsis Challenging the Frontiers of African Integration by : Juma V Mwapachu

CHALLENGING THE FRONTIERS OF AFRICAN INTEGRATION: The Dynamics of Policies, Politics and Transformation in The East African Community ISBN 978 9987 521-81-4 Author: Juma V. Mwapachu About the Book The basic premise of this book is that regional integration in Africa offers great promise in addressing endemic poverty and in advancing Africa's integration in the global economy. Based on hands on experience of the author and a body of research focusing on the East African Community, the book breaks the path in providing a wealth of information and analysis of cutting edge topical issues on Africas, s emergent promise, as well as on the challenges that that confront Africa and EAC in particular in achieving deeper economic and political integration. The EAC model of integration, with its unique and lofty but overly ambitious goal of political federation, evidently offers exciting possibility for the broader quest for the African Economic Community and the the United States of Africa. However, there also clear lessons, marked by challenges of zero sum game mindsets and sovereignty sensitivities that slow down and even hamper what would make the EAC process more robust and rewarding and with important bearing on Africa's own continental ambitions. A notable feature of the book is the coverage of the historical development of the COMESA-EAC-SADC Tripartite Framework, a novel idea in the attempt to address the dysfunctions of multiple memberships of Regional Economic Communities in Africa and the pragmatic and progressive approach towards building a fast paced movement for the realization of the African Economic Community.

Structural Transformation in South Africa

Structural Transformation in South Africa
Author :
Publisher : Oxford University Press
Total Pages : 411
Release :
ISBN-10 : 9780192894311
ISBN-13 : 0192894315
Rating : 4/5 (11 Downloads)

Synopsis Structural Transformation in South Africa by : Antonio Andreoni

Taking South Africa as an important case study of the challenges of structural transformation, the book offers a new micro-meso level framework and evidence linking country-specific and global dynamics of change, with a focus on the current challenges and opportunities faced by middle-income countries.