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The role of industry in low income countries is important. Industry is good for growth, job creation, and poverty reduction. All of these factors depend on the size and the rate of growth of industry. Africa doesn’t have enough industry to reach the Sustainable Development Goals for growth, job creation, and poverty reduction. Africa’s share of global manufacturing has fallen from about three percent in 1970 to less than two percent in 2010. Why is there so little industry in Africa?
Made in Africa: Learning to Compete in Industry
outlines a new industrialization strategy to help Africa compete in global markets. This book draws on case study and qualitative research from Africa and emerging Asia to understand what drives firm-level productivity in low income countries. The results show that while traditional concerns such as infrastructure, skills, and the regulatory environment are important, they alone will not be sufficient for Africa to industrialize. The book also addresses how industrialization strategies will need to adapt to the region’s growing resource abundance.