Industrialization Lessons to Africa and Other Developing Economies
Author (s)
Getachew Jenber Feleke
Abstract
Economies around the world have different industrialization experiences. Only a few countries are successful in transforming their economies. Majority of countries are unsuccessful and still in a backward agrarian economic system. The purpose of this paper is to explore industrialization lessons that could be adapted to Africa and other developing countries. Some economies that represent industrialized and developing economies are selected purposively. Different literatures are explored to articulate important lessons. The result confirmed that government’s commitment, role, and timing of industrial policy implementation are important factors of industrial achievements. However, natural resources endowments are not found to be a precondition of industrialization. This paper employed secondary sources and further research on primary sources are acclaimed.
Keywords: Industrialization, Lessons, Africa, Economies, Experience, Policy, Institutions.
| Title: | Industrialization Lessons to Africa and Other Developing Economies |
|---|---|
| Author: | Getachew Jenber Feleke |
| Journal Name: | International Journal of Science and Business |
| Website: | ijsab.com |
| ISSN: | ISSN 2520-4750 (Online), ISSN 2521-3040 (Print) |
| DOI: | https://10.5281/zenodo.7072052 |
| Media: | Online |
| Volume: | 16 |
| Issue: | 1 |
| Issue publication (Year): | 2022 |
| Acceptance Date: | 09/09/2022 |
| Date of Publication: | 12/09/2022 |
| PDF URL: | https://ijsab.com/wp-content/uploads/985.pdf |
| Free download: | Available |
| Page: | 232-241 |
| First Page: | 232 |
| Last Page: | 241 |
| Paper Type: | Research paper |
| Current Status: | Published |
Cite This Article:
Getachew Jenber Feleke (2022). Industrialization Lessons to Africa and Other Developing Economies: A Literature Review. International Journal of Science and Business, 16(1), 232-241. doi: https://doi.org/ 10.5281/zenodo.7072052
Retrieved from https://ijsab.com/wp-content/uploads/985.pdf
About Author (s)
Getachew Jenber Feleke, Ph.D., School of International Trade and Economics, University of International Business and Economics, Beijing, China and Amhara National Regional State Head of Government office, Bahir Dar, Ethiopia.
DOI: https://doi.org/10.5281/zenodo.7072052