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Industrial Policy and Economic Transformation in Africa$
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Joseph Stiglitz and Akbar Noman

Print publication date: 2015

Print ISBN-13: 9780231175180

Published to Columbia Scholarship Online: May 2016

DOI: 10.7312/columbia/9780231175180.001.0001

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Is Industrial Policy Necessary and Feasible in Africa?

Is Industrial Policy Necessary and Feasible in Africa?

Theoretical Considerations and Historical Lessons

Chapter:
(p.30) Chapter 2 Is Industrial Policy Necessary and Feasible in Africa?
Source:
Industrial Policy and Economic Transformation in Africa
Author(s):

Ha-Joon Chang

Publisher:
Columbia University Press
DOI:10.7312/columbia/9780231175180.003.0002

The feasibility of industrial policies in Africa: the constraints of political economy and institutions are much exaggerated. Nor is there any basis for the “Afro-pessimism” steming from some alleged peculiarities of Africa in terms of climate, geography, culture or history.

Keywords:   political economy, Afro-pessimism, rich countries experience, history, culture, institutions

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