Tiger, tiger, burning bright? Industrial policy “lessons” from Ireland for small African economies

Bailey, David, Lenihan, Helena and Singh, Ajit (2011). Tiger, tiger, burning bright? Industrial policy “lessons” from Ireland for small African economies. IN: Good growth and governance in Africa. Noman, Akbar; Botchwey, Kwesi; Stein, Howard and Stiglitz, Joseph E. (eds) Initiative for policy dialogue . Oxford (UK): Oxford University Press.

Abstract

The chapter examines possibilities for industrial policy in African countries through the lens of lessons that can be learned from the industrial policy approaches pursued in Ireland as well as in East Asia. As latecomers to industrialization, the small African economies are well positioned to undertake such an exercise, we suggest. This chapter provides some novel insights by providing a comparison between Ireland and the small African economies. To our knowledge such a comparison offers a unique contribution. Cognizant of the fact that a “one size fits all” approach to industrial policy is not appropriate in the African context, we argue in favor of the adoption of a more “holistic” approach to industrial policy in these economies. Such an approach we argue should focus simultaneously on demand and supply factors of industrial development, and on microeconomic as well as macroeconomic factors.

Publication DOI: https://doi.org/10.1093/acprof:oso/9780199698561.003.0014
Divisions: Aston Business School > Economics, Finance & Entrepreneurship
Languages & Social Sciences > Aston Centre for Europe
Aston Business School
Additional Information: A version of this material was originally published in Bailey, D, Lenihan, H & Singh, A 2011, 'Tiger, tiger, burning bright? Industrial policy “lessons” from Ireland for small African economies'. in A Noman, K Botchwey, H Stein & JE Stiglitz (eds), Good growth and governance in Africa: rethinking development strategies and has been reproduced by permission of Oxford University Press http://ukcatalogue.oup.com/product/9780199698561.do
Uncontrolled Keywords: industrial policy,Irish economy,African economies,development state,SMEs,FDI,policy evaluation
Full Text Link: http://ukcatalo ... 780199698561.do
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Published Date: 2011-12-22
Authors: Bailey, David ( 0000-0002-1956-0556)
Lenihan, Helena
Singh, Ajit

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