Home > United Nations Online Network in Public Administration and Finance (UNPAN)
1. Global
Global
2. Africa
Africa
3. Arab States
Arab States
4. Asia & Pacific
Asia & Pacific
5. Europe
Europe
6. Latin America & Caribbean
Latin America & Caribbean
7. North America
North America
UNPAN Africa
Public Administration News  
Share
South Africa: Africa’s Industrial Policies Key to Sustained Growth
Source: www.SAnews.gov.za
Source Date: Thursday, October 18, 2012
Country: South Africa
Created: Oct 18, 2012

“A strong manufacturing sector boosts a country’s intellectual capital and innovation, driving the growth in demand for skilled workers and scientists,” said Davies.

 

The next phase of Africa’s growth has to be rooted in a new paradigm of manufacturing and adding value to the products Africa is endowed with, Davies said.

 

“When we manufacture, we need to ensure that we have markets for which we produce, beginning with the continental market.  A globally competitive manufacturing sector creates a sustainable economic system, encourages domestic and foreign investment, creates employment and improves a country’s balance of payments.

 

“It also creates employment beyond the manufacturing sector in supportive sectors such as financial services, infrastructure, information systems and education.”

 

Davies also pointed out that the need for integration in Africa was critical.

 

“Such integration, however, must not only entail institutionalised market integration but must entail ‘development integration’, which emphasises cross-border infrastructure development as a means to strengthen and deepen industrialisation and create manufacturing value-chains in Africa.

 

“As an overarching imperative, African countries must defend their policy space to craft industrial policies which will place our continent on a sustainable and inclusive growth trajectory,” he said.

 

Davies also met with his Nigerian counterpart Olusegun Aganga to take stock of progress made since the signing of a Memorandum of Understanding on Economic Cooperation between South Africa and Nigeria in May 2012.
News Home

 Tag This
 Tell A Friend
del.icio.us digg this Slashdot
Rate:
0 ratings
Views: 138

Comments: 0 Bookmarked: 0 Tagged: 0



0 Comments | Login to add comment

Site map | FAQs | Terms and Privacy | Contact Us
Copyright 2008-2010 by UNPAN - United Nations Public Administration Network