Is Industrial Policy Necessary and Feasible in Africa?
Is Industrial Policy Necessary and Feasible in Africa?
Theoretical Considerations and Historical Lessons
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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