Journal of African Trade

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Volume 1, Issue 1-2, December 2014, Pages 25 - 36

The industrialisation challenge for Africa: Towards a commodities based industrialisation path

Authors
Mike Morrisa, *, mike.morris@uct.ac.za, Judith Fessehaieb, jfessehaie@uj.ac.za
aPRISM, School of Economics, University of Cape Town, South Africa
bDepartment of Economics and Econometrics, University of Johannesburg, South Africa
*Corresponding author.
Corresponding Author
Received 4 March 2014, Accepted 1 October 2014, Available Online 24 November 2014.
DOI
10.1016/j.joat.2014.10.001How to use a DOI?
Keywords
African economies; Commodities; Exports; Industrialisation; Linkages
Abstract

Since the turn of the millennium many African economies have been reintegrated into the world economy on a positive note and experienced substantial economic growth. This growth has primarily been concentrated in commodity exports. The central question facing African economies is how to use economic growth to foster industrialisation and thereby facilitate general development. This paper discusses the extent to which developing backward and forward linkages to the commodity sectors can contribute to its industrialisation project, in light of the past de-industrialisation process and recent trends in global commodity markets. It then reviews the theoretical criticism to resource-based industrialisation and proposes elements for a commodities based industrialisation strategy, including an analysis of the benefits of such strategy for Africa, and the factors contributing to its success.

Copyright
© 2014 Afreximbank. Production and hosting by Elsevier B.V. All rights reserved.
Open Access
This is an open access article under the CC BY-NC license (http://creativecommons.org/licences/by-nc/4.0/).

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<Previous Article In Issue
Next Article In Issue>
Journal
Journal of African Trade
Volume-Issue
1 - 1-2
Pages
25 - 36
Publication Date
2014/11/24
ISSN (Online)
2214-8523
ISSN (Print)
2214-8515
DOI
10.1016/j.joat.2014.10.001How to use a DOI?
Copyright
© 2014 Afreximbank. Production and hosting by Elsevier B.V. All rights reserved.
Open Access
This is an open access article under the CC BY-NC license (http://creativecommons.org/licences/by-nc/4.0/).

Cite this article

risenwbib
TY  - JOUR
AU  - Mike Morris
AU  - Judith Fessehaie
PY  - 2014
DA  - 2014/11/24
TI  - The industrialisation challenge for Africa: Towards a commodities based industrialisation path
JO  - Journal of African Trade
SP  - 25
EP  - 36
VL  - 1
IS  - 1-2
SN  - 2214-8523
UR  - https://doi.org/10.1016/j.joat.2014.10.001
DO  - 10.1016/j.joat.2014.10.001
ID  - Morris2014
ER  -