Improving Industrial Policy Intervention: The Case of Steel in South Africa

Wouter Bam and Karolien De Bruyne ()

Journal of Development Studies, 2019, vol. 55, issue 11, 2460-2475

Abstract: We contribute to the lack of tools to support efficient industrial policy-making, especially in the mineral beneficiation policy literature. To address this vacuum, we adapt the product space analysis approach to incorporate an input-output value chain lens. This framework is applied to the case of steel in South Africa to derive novel insights regarding the (in)efficiency of implementing a downstream linkage-based beneficiation policy. Our dynamic analysis approach allows for interactions with the rest of the product space. We find that a ‘leap-frogging’ approach to development within the value chain may be more optimal than a strict beneficiation based industrial policy.

Date: 2019
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DOI: 10.1080/00220388.2018.1528354

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