10 Reasons Why Africa Cannot Develop Without Industrialising

10 Reasons Why Africa Cannot Develop Without Industrialising

Can Africa develop without industrialising? The simple answer is no. No country in the world has ever achieved fully developed status, let alone a continent, without going through an industrialisation stage of some form.

  1. Sustainability of economic growth depends on industrialisation
  2. Basing economic growth on commodities exposes the country to the volatility of international prices.
  3. Commodities do not last for ever. They eventually run out.
  4. A focus on commodities stops an economy from becoming competitive.
  5. Manufacturing creates higher quality and better paying jobs.
  6. Manufacturing creates new job opportunities in supporting sectors.
  7. The income derived from manufacturing is higher than that of commodities and tends to be more stable.
  8. Rural areas can be lifted up through manufacturing.
  9. The creation of industries through manufacturing results in significant capital inflows into the economy and increased productivity.
  10. Prices of manufactured goods tend to increase over time

A full analysis of the situation can be found in Michael Mbate’s blog post by the LSE

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