ABSTRACT

Industrialisation is widely acknowledged to be a pathway to sustainable economic growth and development. To deliberate on the pathways to Africa's industrialisation and economic growth and development, this chapter recapitulates the key lessons from theory. Moreover, the chapter recapitulates three stylised facts: economic growth and development is driven by industrialisation, industrialisation is driven by manufacturing, and therefore manufacturing growth is essential for economic growth and development. To set on successful industrialisation trajectories, countries from all corners of the world have benefittted from the establishment of appropriate country-specific institutions. Implicitly, in order to achieve the industrialisation aspirations, African countries need, among other things, institutions that will enable them to support the industrial development process by addressing organisational-related macroeconomic and microeconomic impediments to investments in diverse capacities. Development planners and managers in Africa must advance beyond a primordial simplistic mindset of planning the industrialisation process.