Chapter

Strategies for African Development

Akbar Noman and Joseph E. Stiglitz

in Good Growth and Governance in Africa

Published in print December 2011 | ISBN: 9780199698561
Published online May 2012 | e-ISBN: 9780191738142 | DOI: http://dx.doi.org/10.1093/acprof:oso/9780199698561.003.0001

Series: Initiative for Policy Dialogue

Strategies for African Development

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This chapter lays out the premise for the rest of the volume which addresses the central question of what needs to be done to sustain and accelerate the recent improvement in the economic performance of Sub-Saharan Africa. This revival remains too dependent on booming commodity prices whilst sustained, poverty-reducing growth requires structural transformation. The type of learning, industrial, and technology policies recommended here are informed by the lessons of success, especially in East Asia. Such policies are needed not only for industrialization but also agriculture. Both the constraints of geography and governance and their policy implications have been misunderstood in the dominant discourse and can be overcome by a transformation of the mainstream reform agenda. Reforms of the state and governance should move away from what has emerged as the “good governance” recipe and towards “growth-enhancing governance” aimed at facilitating an appropriate balance between the state and the market.

Keywords: structural change; learning; industrial; and technology policies; governance; East Asian lessons

Chapter.  20649 words.  Illustrated.

Subjects: Economic Development and Growth

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