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Industrial Policy in Africa: Toward a Theoretical Understanding

Title
Industrial Policy in Africa: Toward a Theoretical Understanding
Speaker(s)
Speaker: Howard Stein # University of Michigan
Hosted by
Introduced by
Date and Time
19th Oct 2016 16:00 - 19th Oct 2016 17:30
Location
Seminar rooms 1 & 2, Chrystal Macmillan Building
URL
http://www.cas.ed.ac.uk/events/seminar_series/2016_2017/industrial_policy_in_africa_toward_a_theoretical_understanding

There is a growing literature on the need for industrialization in Africa and some form of industrial policy but considerable disagreement on the strategy needed to reverse the poor performance of industry on the continent. Part of the problem is the divergence in the theoretical understanding of industrial policy in Africa and other parts of the world. The economic theory underlying industrial policy varies enormously with implications to the selection of policies, their purpose, their likely outcome and the design of interventions. The literature can be bifurcated into a number of different approaches two which fall within mainstream economics and four in non-mainstream approaches. We will argue the latter are more useful for understanding the success and failures of interventions and for constructing the institutional building blocks for industrial policy in Africa.

Edinburgh Students