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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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Review of Industrial Policies in Ethiopia

Review of Industrial Policies in Ethiopia

A Perspective from the Leather and Cut Flower Industries

(p.123) Chapter 5 Review of Industrial Policies in Ethiopia
Industrial Policy and Economic Transformation in Africa

Girum Abebe

Florian Schaefer

Columbia University Press

A detailed case study of industrial policy support in Ethiopia for two sectors—floriculture and leather processing—that have developed rapidly, with significant overall impact on the economy. Both sectors benefitted from a wide gamut of activist industrial policies. The common elements were first, access to finance on reasonably attractive terms through the Development Bank of Ethiopia; second, close government-business consultations; and third, flexibility in altering forms and degrees of support.

Keywords:   Exports, Finance, policy coordination, foreign investment, policy instruments

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