South Africa’s Industrial Policy Some Observations Maggie McMillan IFPRI, NBER & Tufts
Observations Need to place South Africa in global context Overemphasis on manufacturing? Not enough focus on target markets No mention of global value chains No mention of foreign direct investment
South Africa in Context
U.S. Structural Change
Target Market: Africa?
Foreign Direct Investment
Global Value Chains Offshoring can create jobs Blue Skies : Ghana, Egypt, South Africa, Brazil, UK OLAM: South Africa + 129
Conclusion South Africa has tremendous potential (think Olympics) Bold vision + action from the top is needed