Tiger, Tiger, Burning Bright?: Industrial Policy "Lessons" from Ireland for Small African Economies

D. Bailey, H. Lenihan, A. Singh

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

Abstract

The chapter examines possibilities for industrial policy in African countries through the lens of lessons that can be learned from the industrial policy approaches pursued in Ireland as well as in East Asia. As latecomers to industrialization, the small African economies are well positioned to undertake such an exercise, we suggest. This chapter provides some novel insights by providing a comparison between Ireland and the small African economies. To our knowledge such a comparison offers a unique contribution. Cognizant of the fact that a "one size fits all" approach to industrial policy is not appropriate in the African context, we argue in favor of the adoption of a more "holistic" approach to industrial policy in these economies. Such an approach we argue should focus simultaneously on demand and supply factors of industrial development, and on microeconomic as well as macroeconomic factors.

Original languageEnglish (Ireland)
Title of host publicationin Noman, A., Botchwey, K., Stein, H. and Stiglitz, J. E., eds., Good Growth and Governance in Africa-Rethinking Development Strategies, The Initiative for Policy Dialogue
Place of PublicationOxford
PublisherOxford University Press
Pages406-434
ISBN (Electronic)9780191738142
DOIs
Publication statusPublished - 24 May 2012

Publication series

NameGood Growth and Governance in Africa: Rethinking Development Strategies
NameGood Growth and Governance in Africa: Rethinking Development Strategies
NameGood Growth and Governance in Africa: Rethinking Development Strategies
NameGood Growth and Governance in Africa: Rethinking Development Strategies

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