Regional industrialisation: when the whole is greater than the sum of its parts
Between 1992 and 2013, Uganda reduced the proportion of people living in poverty by over half and has registered a strong growth performance, accompanied by a rapid reduction in poverty rates. However, the country’s economic growth has not been sufficiently inclusive and did not generate enough job opportunities for the young and rapidly growing population. The UN Economic Commission for Africa (ECA) argues that Uganda, like other African countries, needs to foster a higher level of industrial development to drive its economic transformation. Speaking at a High-Level Policy Dialogue on promoting sustainable industrialization in Uganda, Andrew Mold, the acting Director of ECA in Eastern Africa said that a sub-regional approach to industrial development is likely to result in a significantly faster rate of industrialization than would be the case if the process is undertaken on an individual country-by-country basis. The EAC Industrial Policy (2012) is supportive of a market-based approach rather than state interventionism, focusing on a few strategic subsectors: agro-processing, agro-chemicals, mineral processing, pharmaceuticals, petro-chemicals and bio-fuels. Those sectors could be developed through intra-regional investments to promote the emergence of regional value chains.
| Format: | Press release biblioteca |
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| Language: | eng |
| Published: |
2017-05
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| Online Access: | https://repository.uneca.org/handle/10855/38625 |
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