Africa must focus on vertical industrialization policies to grow

An interesting article published by the Africa Policy Research Institute (APRI) highlights the importance for Africa to promote industrialization through appropriate “vertical” industrialization policies. The Made in China 2025 strategy, one of the most important industrialization policies adopted by the Asian giant to promote the development of a local manufacturing industry, notes that “Since the beginning of industrial civilization … the history of the rise and fall of world powers … has repeatedly proved that without a strong manufacturing industry, there will be no country and no nation”. Accordingly, the document raises the importance to develop an internationally competitive manufacturing industry as the only way for China to enhance its comprehensive national strength, ensure national security, and become a world power.

And in Africa? ... Read more on our blog