A blueprint for how Africa can play to its strengths
First step is to intensify productivity in agricultural and mineral resources
Industrial policy is in fashion in Africa. The path out of poverty, goes this new thinking, lies through high-value manufacturing, specialisation and industrialisation.
This is a worthy and necessary long-term goal. But the truth is most African economies are not in a good position to embark on such a strategy immediately, lacking both the infrastructure and the capital to bring it about. Fortunately, much can be done with what Africa has, including its agricultural and mineral resources...
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