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Structural Transformation Through Industrialisation

  • Carlos Lopes
Chapter

Abstract

Africans should measure whether their productive structures are changing or not. The unfortunate reality is that many African economies do not have the strategies or the determination that is necessary for driving a successful economic structural transformation. As a result, limited change has rendered made many African countries vulnerable to inherent fluctuations of the international commodity markets, leading to significant growth volatility. This vulnerability to external shocks is due to several interacting factors linked to the ‘absence’ of a developmental state. Dependence on commodity trade in the face of natural resource abundance demands that more focus be given to value addition across all production processes and nodes. Africa must prioritise industrialisation to speed up the development of various value-addition activities.

Keywords

Developmental Structural Transformation Industrialisation Commodities Dependency Market Technology Automation Innovation Export-led 

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  • Carlos Lopes
    • 1
  1. 1.Mandela School of Public GovernanceUniversity of Cape TownRondeboschSouth Africa

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