Industrial strategy for late starters: The experience of Kenya,Tanzania and Zambia |
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Authors: | Ravi Gulhati Uday Sekhar |
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Institution: | The World Bank, Washington, D.C., USA |
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Abstract: | Based on the existing literature and the circumscribed data base, this paper assesses the extent and nature of industrialization in three African countries. After a promising start, their drive to industrialize is now faltering. The record is influenced much more by the macroeconomic situation of each country than by industrial policy. It is clear that future industrial advsnce will depend heavily on the pace of rural development and success in strengthening links between industry and the rest of the economy. Catering to world markets is not likely to provide a major stimulus for the industrial sector of many African economies in the near-term future. |
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