Structural Transformation in Africa – Major Hurdles
Remain in Africa’s Industrialization Path
“Premature
deindustrialisation is not just happening in Africa—other developing countries
are also seeing the growth of factories slowing, partly because technology is
reducing the demand for low-skilled workers. “Manufacturing has become less
labour intensive across the board,” says Margaret McMillan of Tufts University.
That means that it is hard, and getting harder, for African firms to create
jobs in the same numbers that Asian ones did from the 1970s onwards”
Related:
Arrested Development – The Economist
Premature Deindustrialization by Dani Rodrik
Why an African Growth Miracle is Unlikely by Dani
Rodrik