Economic Diversification and Growth in Africa Critical Policy Making
This book presents a coherent framework for assessing economic policy making in developing countries, with special reference to those in Africa. The chapters focus on policy making issues in three critical areas that are of major importance in the African
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Economic Diversification and Growth in Africa
Omotunde E.G. Johnson
Economic Diversification and Growth in Africa Critical Policy Making Issues
Omotunde E.G. Johnson International Monetary Fund Retiree Independent Researcher Virginia, USA
ISBN 978-3-319-30848-7 ISBN 978-3-319-30849-4 DOI 10.1007/978-3-319-30849-4
(eBook)
Library of Congress Control Number: 2016940053 © The Editor(s) (if applicable) and The Author(s) 2016 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. Printed on acid-free paper This Palgrave Macmillan imprint is published by Springer Nature The registered company is Springer International Publishing AG Switzerland
CONTENTS
1 Introduction
1
2 Toward Analytic Coherence in Assessing Economic Development Policy Making: Special Reference to African Countries
5
3
4
5
Building Capacity for Domestic Resource Mobilization in African Countries
33
Regional Economic Integration in Africa and Intra-Regional Trade
55
The Export Challenges for African Countries
85
v
CHAPTER 1
Introduction
Abstract This book presents a coherent approach to policy making for economic diversification and growth in developing countries, with special reference to African countries. It focuses, especially, on policy making issues in three critical areas that are of major concern to the African countries, namely, capacity building for domestic resource mobilization in African countries; regional integration in Africa and intra-regional trade; and export diversification of individual African countries. The book should also be of interest to students, researchers, and policy makers around the world working on economic development issues. Keywords Economic growth • Coherence in policy making • Domestic resource mobilization • Regional integration • Intra-regional trade • Export diversification
Most African countries now fully realize that they must significantly augment diversification of their economies if they are to make substantial progress in
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