Are Manufacturing Exports the Key to Economic Success in Africa?
The poor performance of many African economies has been associated with low growth of exports in general and of manufacturing exports in particular. The two most successful countries in Africa have been Botswana and Mauritius. In Botswana, rapid export growth followed the discovery of diamonds; in Mauritius, manufacturing exports played a major role. In this paper we draw on both macro and micro evidence from nine African countries to investigate whether manufacturing exports are the key to success in Africa. We do this by posing three questions. First, how close is the link between export and income growth? Second, is there evidence from these African countries that manufactured exports have led to greater economic success? Third, what has limited the success of firms in the manufacturing sector? We argue that export and income growth are very closely linked. However, there is, for this sample of countries, no evidence that if their exports are manufactures, growth rates are higher. We show that the factors that limit the success of African manufacturing firms in exporting are their levels of efficiency and small size. We argue that the key to success in an area where Africa has a potential cost advantage -- labour-intensive garments -- is to enable large firms to use a more labour-intensive technology than is the case at present. Copyright 2003, Oxford University Press.
To our knowledge, this item is not available for
download. To find whether it is available, there are three
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Volume (Year): 12 (2003)
Issue (Month): 1 (March)
|Contact details of provider:|| Postal: |
Phone: +44-(0)1865 271084
Fax: 01865 267 985
Web page: http://www.jae.oupjournals.org/
More information through EDIRC
|Order Information:||Web: http://www.oup.co.uk/journals|
When requesting a correction, please mention this item's handle: RePEc:oup:jafrec:v:12:y:2003:i:1:p:1-29. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Oxford University Press)or (Christopher F. Baum)
If references are entirely missing, you can add them using this form.