A new report released Friday by the African Development Bank (AfDB) calls for the industrialization of the continent with a focus on smart industrial policy, structural transformations and a move towards processing the continent's raw materials into value added products.
The report, entitled "Industrialize Africa: Strategies, Policies, Institutions and Financing", was published to coincide with Africa Industrialization Day on November 20. With contributions from 16 authors, including Nobel Laureate Joseph Stiglitz, and famous economists such as Justin Yifu Lin, Haroon Bhorat, Ravi Kanbur, John Page, AfDB Vice-President and Chief Economist Célestin Monga, and AfDB researchers Abebe Shimeles and Amadou Boly.
...