CSEP Paper 0 - Understanding Economic Growth and Development – the case of Africa

This lecture will address an issue that is often neglected in neoclassical growth theory and courses in economic development – the economic sectors that drive long-term productivity growth and, hence, economic development. The role of the manufacturing sector as an engine of growth will be particularly emphasised as well as policies to advance the manufacturing sector (industrial policies). It will be contextualised in the case of Africa – a continent that has largely failed to industrialise – and also investigate if the globalisation of production calls for a reformulation of industrial policies in African countries.

This lecture was delivered by Jostein Løhr Hauge, Ph.D. Candidate in Development Studies on Tuesday 27th October at the Sidgwick Site, University of Cambridge.