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Industrial Policies and Contemporary Africa: The Transition from Prebendal to Developmental Governance

In: The Industrial Policy Revolution II

Author

Listed:
  • Richard Joseph

    (Northwestern University)

Abstract

Africa has entered a new era of economic growth after decades of sustained efforts to promote reforms. During the 1980s, it was recognized that the economic strategies implemented during the first two decades of the post-colonial period had largely failed. Economies were stagnant or in decline, core institutions were eroding, and there was a steady outflow of intellectual talent and financial resources. An economic recovery became apparent in the mid-1990s and has strengthened over the past 15 years, matching the last sustained period of growth in Africa that began in the mid-1950s (Radelet, 2010). Accompanying the economic downturn was political stasis and decay. Competitive party systems eroded and few countries were even minimally democratic in 1990. The economic and political quandary heightened concerns about the legitimacy, efficacy and even coherence of the nation-state systems bequeathed to Africa by colonialism (Joseph, 1999; Herbst, 2000).

Suggested Citation

  • Richard Joseph, 2013. "Industrial Policies and Contemporary Africa: The Transition from Prebendal to Developmental Governance," International Economic Association Series, in: Joseph E. Stiglitz & Justin Lin Yifu & Ebrahim Patel (ed.), The Industrial Policy Revolution II, chapter 5, pages 293-318, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-33523-4_12
    DOI: 10.1057/9781137335234_12
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    Cited by:

    1. Clark, Don P. & Lima, Luiz Renato & Sawyer, W. Charles, 2016. "Stages of diversification in Africa," Economics Letters, Elsevier, vol. 144(C), pages 68-70.

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