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Tiger, Tiger, Burning Bright?<sup>1</sup> Industrial Policy “Lessons” from Ireland for Small African Economies

David Bailey, Helena Lenihan and Ajit Singh

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/9780199698561.003.0014

Series: Initiative for Policy Dialogue

Tiger, Tiger, Burning Bright?1 Industrial Policy “Lessons” from Ireland for Small African Economies

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The chapter examines possibilities for industrial policy in African countries through the lens of lessons that can be learned from the industrial policy approaches pursued in Ireland as well as in East Asia. As latecomers to industrialization, the small African economies are well positioned to undertake such an exercise, we suggest. This chapter provides some novel insights by providing a comparison between Ireland and the small African economies. To our knowledge such a comparison offers a unique contribution. Cognizant of the fact that a “one size fits all” approach to industrial policy is not appropriate in the African context, we argue in favor of the adoption of a more “holistic” approach to industrial policy in these economies. Such an approach we argue should focus simultaneously on demand and supply factors of industrial development, and on microeconomic as well as macroeconomic factors.

Keywords: industrial policy; Irish economy; African economies; East Asian economies; developmental state; SMEs; FDI; policy evaluation

Chapter.  13238 words. 

Subjects: Economic Development and Growth

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