The Return of Industrial Policy
The Return of Industrial Policy
(What) Can Africa Learn from Latin America?
This chapter seeks to answer the question of what lessons Africa can learn from the experiences in Latin America given the changing global landscapes that both regions face in pursuing economic transformation today with the “new geography” of growth, production, trade, and innovation as a result of the rise of emerging economies, especially China.
Keywords: Latin American industrial policy experience, new global context, stratrgic mangement of FDI, partnerships with the private sector, natural resource rents for economic transformation, Investing in state capabilities
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