J. Esteban & J. Stiglitz 
The Industrial Policy Revolution II 
Africa in the Twenty-first Century

This volume is the result of the 2012 International Economic Association’s series of roundtables on the theme of Industrial Policy. The first, ‘New Thinking on Industrial Policy, ‘ was hosted by the World Bank in Washington, D.C, and the second, ‘New Thinking on Industrial Policy: Implications for Africa, ‘ was held in Pretoria, South Africa.

Table of Content

Industrial Policy in the African Context: Introduction; Justin Yifu Lin et al 1. New Thinking on Industrial Policy 1.1. The Learning Economy: Spillovers and Learning Processes; Bruce Greenwald and Joseph Stiglitz 1.2. From Flying Geese to Leading Dragons: New Opportunities and Strategies for Structural Transformation in Developing Countries; Justin Yifu Lin 2. Structural Transformation: Lessons from History 2.1. Accumulation of Capabilities, Structural Change and Macro Prices: an Evolutionary and Structuralist Roadmap; Mario Cimoli and Gabriel Porcile 2.2. Industrial Policy: Can Africa Do It?; Ha Joon Chang 3. New Global Order and African Reindustrialization 3.1. Winning the Jackpot: Jobs Dividends in a Multi-polar World; Célestin Monga 3.2. Walking (stumbling?) on Two Legs: Meeting SSA’s Industrialization Challenge; Raphael Kaplinsky 4. Macroeconomics and Governance: Creating an Enabling Environment 4.1. How Macroeconomic Policy Can Support Economic Development in Sub-Saharan African Countries; James Heintz 4.2. Competition Policy, Industrial Policy and Corporate onduct; Simon Roberts 4.3. Political Settlements and the Design of Technology Policy; Mushtaq Khan 4.4. Infant Capitalists, Infant Industries and Infant Economies Trade and Industrial Policies for Early Stages of Development in Africa and Elsewhere; Akbar Noman 4.5. Industrial Policies and Contemporary Africa: Frontiers of Political Economy and Social Science; Richard Joseph 5. Trade, Finance and Sectoral Policies 5.1. Does Financial Market Liberalization Promote Financial Development?; Hamid Rashid 5.2. Financialization as an Obstacle to Industrialization; C.P. Chandrasekhar 5.3. Towards a Resource-based African Industrialisation Policy; Paul Jourdan 5.4. The Global ‘Rush’ for Land: Does it Provide Opportunities for African Countries?; Klaus Deininger 5.5. Trade Facilitation and African Industrialization: An Agenda for the Textile and Apparel Industry; Dominique Njinkeu, Julie Lohi and Calvin Z. Djiofack6. Country Experiences and Perspectives 6.1. Industrial Structural Change, Growth Patterns and Industrial Policy; Ludovico Alcorta, Nobuya Haraguchi, and Gorazd Rezonja 6.2. Industrial Policy and Economic Transformation in Africa: Strategies for Development and a Research Agenda; Yaw Ansu 6.3. The Premature De-Industrialization of South Africa; Jean Imbs 6.4. How Ethiopia Can Foster a Light Manufacturing Sector; Vandana Chandra 6.5. Industrialization: The Mauritian Model; Streevarsen Pillay Narrainen 6.6. Sharing of Singapore’s Industrial Policy Insights; Jang Ping Thia

About the author

Joseph E. Stiglitz, Columbia University, USA Justin Yifu Lin, Peking University, China Dr. Ludovico Alcorta, Statistics and Strategic Research Branch Dr. Nobuya Haraguchi, UNIDO Mr. Gorazd Rezonja, UNIDO Yaw Ansu, Africa Center for Economic Transformation (ACET) based in Accra, Ghana Vandana Chandra, World Bank’s Development Economics Prospects Group C. P. Chandrasekhar, Jawaharlal Nehru University, New Delhi Ha-Joon Chang, University of Cambridge, UK Mario Cimoli Gabriel Porcile, ECLAC Klaus Deininger, World Bank, Washington DC, USA James Heintz, University of Massachusetts, Amherst, USA Jean Imbs, Paris School of Economics (PSE), France Richard Joseph, Northwestern University, USA Paul Jourdan Raphael Kaplinsky, Open University Mushtaq H. Khan, University of London, UK Célestin Monga, World Bank Streevarsen P.Narrainen, University of Manitoba, Canada Dominique Njinkeu, Trade Facilitation Facility (TFF) Julie Lohi Calvin Djiofack, World Bank Akbar Noman, Columbia University, USA Dr. Hamid Rashid, United Nations Simon Roberts Thia Jang Ping, Ministry of Trade and Industry Bruce Greenwald, Columbia University, USA