Retooling Industrial Technology Acquisition in Africa

Makhetha S. Leseko and Dodoo-Amoo Eric Nii Amu Okotokata ()
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Dodoo-Amoo Eric Nii Amu Okotokata: Peking University

Africagrowth Agenda, 2020, vol. 17, issue 4, 18-21

Abstract: Why did Africa fail to take-off in the 1950s? Different schools of development thoughts attempted to address this question, nonetheless to vain. Post-World War II, some Asian economies including Japan, Singapore, Taiwan, and Hong Kong converged their growth to that of industrialized economies. During the same take-off stage for many economies, Africa retained the lowest per capita GDP. Therefore, the objective of this paper is to provide a feasible strategy for industrial technology acquisition. The main conclusion is that if African industrial policymakers can carefully redesign industrial policies that are centric to technology, industrialization process is bound to speed up in the continent.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:afj:journ2:v:17:y:2020:i:4:p:18-21

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