This book examines the potential for economic development and structural change in Africa through industrial policy. Combining a long-term historical analysis of structural transformation and development policy reviews, it offers a multidisciplinary examination of the catalysts and constraints impacting industrial development. By exploring the evolution and practice of industrial policy, the ongoing structural challenges, including a fragmented political economy, underinvestment, and limited productive capacities, are examined in relation to countries across Africa.

This book presents industrial transformation as the most effective way to leverage Africa’s demographic advantages and drive sustainable economic development. It will be relevant to students, researchers, and policymakers interested in development economics, economic policy, the African political economy, and industrial development.

Arkebe Oqubay is British Academy Global Professor at SOAS University of London. He is a former Senior Minister and Special Advisor to three successive Prime Ministers of Ethiopia.