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Toward a Resource-based African Industrialization Strategy

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Abstract

This paper outlines how Africa’s unique natural resource base could provide its peoples with an important lever to achieve industrialization and development objectives if the seminal resources linkages industries and clusters are realized. Alternatively, these assets could be squandered under “free entry” resource regimes, such as the “free mining” (FIFA1) mineral regimes, and a continued “free market,” non-interventionist scenario, which is likely to leave Africa with little more than ghost towns, such as Kabwe, Stilfontein, Yekepa, and Welkom, or with exhausted soils and depleted fisheries, forests, and other natural endowments.

Keywords

  • Gross Domestic Product
  • Platinum Group Metal
  • Price Discovery
  • Resource Rent
  • Resource Sector

These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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  • DOI: 10.1057/9781137335234_15
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© 2013 International Economic Association

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Jourdan, P. (2013). Toward a Resource-based African Industrialization Strategy. In: Stiglitz, J.E., Yifu, J.L., Patel, E. (eds) The Industrial Policy Revolution II. International Economic Association Series. Palgrave Macmillan, London. https://doi.org/10.1057/9781137335234_15

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