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Erscheinungsjahr: 
2016
Quellenangabe: 
[Journal:] Journal of African Trade [ISSN:] 2214-8515 [Volume:] 3 [Issue:] 1/2 [Publisher:] Elsevier [Place:] Amsterdam [Year:] 2016 [Pages:] 85-100
Verlag: 
Elsevier, Amsterdam
Zusammenfassung: 
Recent empirical evidence underscores the vital role of industrial development in fostering structural change and promoting a country's long-run development objectives. Devising sound industrial policy institutions emerges as a key policy option to promote the reallocation of human, physical and financial resources to high value added sectors of the economy. This paper examines the rationale for industrial policy, why it has been ineffective in most African countries and what policy lessons should be distilled from past experiences. Using the Ethiopian leather and leather product sector, it examines how industrial policies are formulated and implemented in practice. The paper concludes by highlighting key industrial policy instruments that other countries can take into account in order to accelerate industrial development and structural change in Africa.
Schlagwörter: 
Industrial policy
Structural change
Institutions
Ethiopia
JEL: 
L52
L67
L78
O55
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