The Industrial Policy Revolution II Africa in the Twenty-first Century

by Stiglitz, Joseph E.; Esteban, Joan; Lin Yifu, Justin; Patel, Ebrahim

• ISBN13: 9781137335227
• ISBN10: 113733522X
• Format: Hardcover
• Copyright: 2013-12-13
• Publisher: Palgrave Macmillan

Summary

In this volume, world-renowned economists and policymakers write about industrial policy, which is being recognized anew as a linchpin for the economics of development. They show that developing countries that have undertaken a wide variety of industrial policies have been the most successful. In focusing on Africa, which has a potentially great producer and consumer base for industry, they have chosen a continent that provides an especially clear example of why this refreshed emphasis on industrial policy is so important.

Author Biography

Joseph E. Stiglitz is University Professor at Columbia University, USA. In 2001, he was awarded the Nobel Prize in economics for his analyses of markets with asymmetric information. He is currently the President of the International Economic Association (2011-2014).

Justin Yifu Lin is honorary dean and professor of National School of Development at Peking University, China. From 2008-2012, he served as Chief Economist and Senior Vice President of the World Bank. His many books include Demystifying the Chinese Economy, the Quest for Prosperity, and the New Structural Economics. He is a corresponding fellow of British Academy and a fellow of the World Academy of Sciences for the Developing World

Ebrahim Patel is the South African Minister of Economic Development. He studied at the University of the Western Cape.

Table of Contents

Industrial Policy in the African Context: Introduction; Justin Yifu Lin et al
1. New Thinking on Industrial Policy
1.1. The Learning Economy: Spillovers and Learning Processes; Bruce Greenwald and Joseph Stiglitz
1.2. From Flying Geese to Leading Dragons: New Opportunities and Strategies for Structural Transformation in Developing Countries; Justin Yifu Lin
2. Structural Transformation: Lessons from History
2.1. Accumulation of Capabilities, Structural Change and Macro Prices: an Evolutionary and Structuralist Roadmap; Mario Cimoli and Gabriel Porcile
2.2. Industrial Policy: Can Africa Do It?; Ha Joon Chang
3. New Global Order and African Reindustrialization
3.1. Winning the Jackpot: Jobs Dividends in a Multi-polar World; Célestin Monga
3.2. Walking (stumbling?) on Two Legs: Meeting SSA's Industrialization Challenge; Raphael Kaplinsky 4. Macroeconomics and Governance: Creating an Enabling Environment
4.1. How Macroeconomic Policy Can Support Economic Development in Sub-Saharan African Countries; James Heintz
4.2. Competition Policy, Industrial Policy and Corporate onduct; Simon Roberts
4.3. Political Settlements and the Design of Technology Policy; Mushtaq Khan
4.4. Infant Capitalists, Infant Industries and Infant Economies Trade and Industrial Policies for Early Stages of Development in Africa and Elsewhere; Akbar Noman
4.5. Industrial Policies and Contemporary Africa: Frontiers of Political Economy and Social Science; Richard Joseph
5. Trade, Finance and Sectoral Policies
5.1. Does Financial Market Liberalization Promote Financial Development?; Hamid Rashid
5.2. Financialization as an Obstacle to Industrialization; C.P. Chandrasekhar
5.3. Towards a Resource-based African Industrialisation Policy; Paul Jourdan
5.4. The Global 'Rush' for Land: Does it Provide Opportunities for African Countries?; Klaus Deininger 5.5. Trade Facilitation and African Industrialization: An Agenda for the Textile and Apparel Industry; Dominique Njinkeu, Julie Lohi and Calvin Z. Djiofack
6. Country Experiences and Perspectives
6.1. Industrial Structural Change, Growth Patterns and Industrial Policy; Ludovico Alcorta, Nobuya Haraguchi, and Gorazd Rezonja
6.2. Industrial Policy and Economic Transformation in Africa: Strategies for Development and a Research Agenda; Yaw Ansu
6.3. The Premature De-Industrialization of South Africa; Jean Imbs
6.4. How Ethiopia Can Foster a Light Manufacturing Sector; Vandana Chandra
6.5. Industrialization: The Mauritian Model; Streevarsen Pillay Narrainen
6.6. Sharing of Singapore's Industrial Policy Insights; Jang Ping Thia