Strong Manufacturing Sector Needed, but not on its own

by Developed Africa 11. July 2014 09:00

 At a high-level panel at the beginning of July, the Executive-Director of the ITC discussed the need for more than just an increase in manufacturing.

There has been a lot of discussion in recent years that in order for African nations to properly develop and grow their economies then manufacturing is absolutely necessary. But this is often the only focus, which Arancha Gonzalez argues is wrong, and that:

It's not just about manufacturing; it's about raw materials, energy, distribution, logistics, financial service and tourism... It's not about choosing; it's about how to blend these components in an intelligent manner."

So in order for industrialisation to really have an impact, manufacturing needs to take influence and roles of services as it grows.

Below is an argument for just how important manufacturing is for the development of the continent's economies:

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