African Firms in the Global Economy

Arne Bigsten () and Måns Söderbom
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Måns Söderbom: Måns Söderbom is at the Department of Economics, University of Gothenburg, Sweden. E-mail: mans.soderbom@economics.gu.se.

Review of Market Integration, 2010, vol. 2, issue 2-3, 229-253

Abstract: In this article we review the status of African manufacturing firms in the global economy. We discuss how the policies relevant for manufacturing performance have developed over four decades starting in the 1960s, and take stock of the actual performance of the sector. We examine the prospects for improved performance, using a historical benchmark and a comparative advantage frame-work, and document empirical evidence on the relationship between openness and firm performance drawing on African firm-level data. Finally we discuss what economic policies are required to support industrial growth.

Keywords: Export; investment; manufacturing performance; comparative advantage; Africa; industrial policy (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:sae:revmar:v:2:y:2010:i:2-3:p:229-253

DOI: 10.1177/097492921000200303

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