Economic diversification in Africa: How and why it matters
Policy considerations to achieve economic diversification in African countries.
Policy considerations to achieve economic diversification in African countries.
The diaspora can support the country’s diversification and foster its economic integration into global value chains.
Demand-led industrial strategies can be highly effective, but need to be carefully designed and implemented to avoid possible pitfalls.
New evidence from Sub-Saharan Africa shows that public procurement policies improve domestic firm performance.
Automation and reshoring mitigate risks. Industrial policies aiming to reduce dependence on global supply chains could accelerate the trend.