Acronyms Acknowledgments 1. Introduction and Overview: Economic Transformation and Learning, Industrial, and Technology Policies in Africa, by Akbar Noman and Joseph E. Stiglitz 2. Is Industrial Policy Necessary and Feasible in Africa?: Theoretical Considerations and Historical Lessons, by Ha-Joon Chang 3. Industrial Strategy and Economic Transformation: Lessons from Five Outstanding Cases, by Akio Hosono 4. The Economic Implications of a Comprehensive Approach to Learning on Industrial Policy: The Case of Ethiopia, by Go Shimada 5. Review of Industrial Policies in Ethiopia: A Perspective from the Leather and Cut Flower Industries, by Girum Abebe and Florian Schaefer 6. The Return of Industrial Policy: (What) Can Africa Learn from Latin America?, by Annalisa Primi 7. Can the Financial Sector Deliver Both Growth and Financial Stability in Sub-Saharan Africa?, by Stephany Griffith-Jones with Ewa Karwowski 8. Growth Strategies for Africa in a Changing Global Environment: Policy Observations for Sustainable and Shared Growth, by Danny Leipziger and Shahid Yusuf 9. Measuring Policy Performance: Can We Do Better than the World Bank?, by Julia Cage About the Editors About the Authors Index

An invaluable guide for Africa's pursuit of economic transformation and for those concerned with the 'what' and 'how' of government's role. This book highlights where government and industry can collaborate to design and execute a transformation agenda and sharply details why industrial policies should be central to government strategies. -- K. Y. Amoako, president, African Center for Economic Transformation A refreshing and timely intervention in policy debates on the industrialization of African countries. The book is outstanding and should be read not only by those interested in Africa's industrialization but also by readers from other parts of the world who have sought to bring industrial policy back into their own development thinking and endeavors. -- Thandika Mkandawire, London School of Economics This impressive book is about how to generate decent jobs, reduce poverty, and achieve inclusive and sustainable structural transformation through industrialization in Africa. It should be read by anyone who hopes to transform or help transform Africa from a land of poverty to a land of prosperity. -- Justin Yifu Lin, Peking University and former chief economist of the World Bank Marked by breadth and clarity, this is a valuable addition to the literature on economic policy on the African continent... Highly recommended. Choice

This book explores the vital role that active government policies can play in transforming African economies. Packages of learning, industrial, and technology policies aim to bring vigorous and lasting growth to the region. This collection features case studies of such policies in action, examining their risks and rewards and what they mean for Sub-Saharan Africa.