Industrial Policy and Economic Transformation in Africa

Industrial Policy and Economic Transformation in Africa

Author: Akbar Noman

Publisher: Columbia University Press

Published: 2015-09-15

Total Pages: 469

ISBN-13: 0231540779

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The revival of economic growth in Sub-Saharan Africa is all the more welcome for having followed one of the worst economic disasters—a quarter century of economic malaise for most of the region—since the industrial revolution. Six of the world's fastest-growing economies in the first decade of this century were African. Yet only in Ethiopia and Rwanda was growth not based on resources and the rising price of oil. Deindustrialization has yet to be reversed, and progress toward creating a modern economy remains limited. This book explores the vital role that active government policies can play in transforming African economies. Such policies pertain not just to industry. They traverse all economic sectors, including finance, information technology, and agriculture. These packages of learning, industrial, and technology (LIT) policies aim to bring vigorous and lasting growth to the region. This collection features case studies of LIT policies in action in many parts of the world, examining their risks and rewards and what they mean for Sub-Saharan Africa.


Introduction to American Samoa

Introduction to American Samoa

Author: Gilad James, PhD

Publisher: Gilad James Mystery School

Published:

Total Pages: 84

ISBN-13: 8545368003

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American Samoa is a group of islands located in the South Pacific, lying roughly 2,600 miles southwest of Hawaii. It is an unincorporated territory of the United States, meaning that it is under American sovereignty but is not part of the 50 states. American Samoa consists of five volcanic islands and two coral atolls that cover an area of approximately 76 square miles. The islands have a tropical climate and are largely covered in lush rainforest with a diverse range of flora and fauna. American Samoa is home to a diverse culture that has been shaped by its unique history and geographical location. The islands were originally settled by Polynesian explorers, who brought with them their traditions, religion, and language. In 1899, the United States annexed the islands, and American Samoans became US nationals. Today, the islands are governed by an elected governor and legislature, and the people of American Samoa have a unique cultural identity that reflects their rich history and their position between Polynesia and the United States.


Efficiency, Finance, and Varieties of Industrial Policy

Efficiency, Finance, and Varieties of Industrial Policy

Author: Akbar Noman

Publisher: Columbia University Press

Published: 2016-11-29

Total Pages: 527

ISBN-13: 0231542771

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Industrial policy, once relegated to resource allocation, technological improvements, and the modernization of industries, should be treated as a serious component of sustainability and developmental economics. A rich set of complimentary institutions, shared behavioral norms, and public policies have sustained economic growth from Britain's industrial revolution onwards. This volume revisits the role of industrial policy in the success of these strategies and what it can offer developed and developing economies today. Featuring essays from experts invested in the expansion of industrial policies, topics discussed include the most effective use of industrial policies in learning economies, development finance, and promoting investment in regional and global contexts. Also included are in-depth case studies of Japan and India's experience with industrial policy in the banking and private sector. One essay revisits the theoretical and conceptual foundations of industrial policy from a structural economics perspective and another describes the models, packages, and transformation cycles that constitute a variety of approaches to implementation. The collection concludes with industrial strategies for facilitating quality growth, realizing more sustainable manufacturing development, and encouraging countries to industrialize around their natural resources.