Publisher Description

Why has the economic growth performance of Sub-Saharan Africa been disappointing on balance over the past 50 years? More importantly, what can be done to reverse that trend and to sustain and improve upon the accelerated growth experienced in recent years? What are the possibilities and policies for Africa to reduce poverty and achieve sustained, rapid economic growth? What are the lessons of success in both Africa and elsewhere? Could some of the policies thatproved so successful in East Asia help reverse the deindustrialization of Africa in the past three decades and be the basis of its structural transformation? These were the questionsposed to a diverse group of experts on development convened by the Initiative for Policy Dialogue (IPD). This volume reflects the highlights of their deliberations. It broadens the policy debate, expands the policy options, and proposes alternative development strategies. This book captures the lively, and sometimes contentious, debate, and provides a note of optimism for the future. Though success is not assured, this volume argues that there is good reason to believe that policies based onlessons of successes, notably in East Asia, can be adapted successfully in African contexts.

Table of Contents

Part I: Introduction and Overview1: Akbar Noman and Joseph Stiglitz: Strategies for African DevelopmentPart II: Governance, Institutions and the State2: Mushtaq Khan: Governance and Growth: History, Ideology and Methods of Proof3: Thandinka Mkandawire: Institutional Monocroping and Monotasking in Africa4: Mushtaq Khan: Governance and Growth Challenges for Africa5: Meles Zenaewi: States and Markets: Neoliberal Limitations and the Case for a Developmental State6: Augustin Fosu: The African Economic Growth Record, and the Roles of Policy Syndromes and GovernancePart III: Technology, Industrial and Trade Policies7: Izumi Ohno and Kenichi Ohno: Dynamic Capacity Development: What Africa Can Learn from Industrial Policy Formulation in East Asia8: Robert Wade: How can Low-Income Countries Accelerate their Catch-up with High-Income Countries? The Case for Open-Economy Industrial Policy9: Banji B. Oyeyinka and Padmashree Gehl Sampath: Institutional Capacity and Policy Choices for Latecomer Technology Development10: Kunal Sen and Dirk Willem te Velde: State-Business Relations, Investment Climate Reform and Economic Growth in Sub-Saharan Africa11: Howard Stein: Africa, Industrial Policy and Export Processing Zones: Lessons from Asia12: Nimrod Zalk: South African Post-Apartheid Policies Towards Industrialization: Tentative Implications for Other African Countries13: Matsuo Watanabe and Atsushi Hanatani: Issues in Africa's Industrial Policy Process14: David Bailey, Helena Lenihan and Ajit Singh: Tiger, Tiger Burning Bright? Industrial Policy Lessons from Ireland for Small African EconomiesPart IV: Employment and Human Capital15: Aziz Khan: Employment in Sub-Saharan Africa: Lessons to be Learnt from the East Asian Experience16: Yaw Ansu and Jee-Peng Tan: Skills Development for Economic Growth in Sub-Saharan Africa: A Pragmatic PerspectivePart V: International Context17: Jomo K.S. and Rudiger von Arnim: Economic Liberalization and Constraints to Development in Sub-Saharan Africa18: Deepak Nayyar: The Emerging Asian Giants and Economic Development in Africa

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An incisive history of developmental policy in Sub-Saharan Africa

Long Description

Why has the economic growth performance of Sub-Saharan Africa been disappointing on balance over the past 50 years? More importantly, what can be done to reverse that trend and to sustain and improve upon the accelerated growth experienced in recent years? What are the possibilities and policies for Africa to reduce poverty and achieve sustained, rapid economic growth? What are the lessons of success in both Africa and elsewhere? Could some of the policies that
proved so successful in East Asia help reverse the deindustrialization of Africa in the past three decades and be the basis of its structural transformation? These were the questions
posed to a diverse group of experts on development convened by the Initiative for Policy Dialogue (IPD). This volume reflects the highlights of their deliberations. It broadens the policy debate, expands the policy options, and proposes alternative development strategies. This book captures the lively, and sometimes contentious, debate, and provides a note of optimism for the future. Though success is not assured, this volume argues that there is good reason to believe that policies based on
lessons of successes, notably in East Asia, can be adapted successfully in African contexts.

Feature

Includes chapters on governance; industry, trade, and technology; and employment and human capital
Offers policy alternatives based on lessons from economic development in East Asia
Edited by leading scholars including Nobel Prize winner Joseph E. Stiglitz

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