What has hamppered the mudustrial development in Africa
Answers
Uneven industrial development has long been a core concern for economic theory. In their quest to articulate the fundamental constructs of a state that can promote industrial development, economists have argued and debated upon the notion of the ‘developmental state’. Over time, the developmental state has emerged as a fundamental construct in current debates on what does and does not work for promoting sustainable and inclusive growth across countries. First widely explored in the context of Japan, the notion came to be widely recognised with the rise of the new industrialised economies of East Asia in the 1980s. One of the early authors on the subject, Johnson (1987) analysing the developmental state in the context of Japan defined it as a state whose role is to provide institutions that mimic the market mechanism by creating conditions that minimise uncertainty, socialise risk inherent to industrial activities, and encourage entrepreneurship and local technological advancement.1 Over time, various studies have sought to expound upon the nature of the state that is fundamental to prevent developmental failures