2011 african economic conference 25th – 28th, october 2011 addis ababa – ethiopia eric k....
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2011 African Economic 2011 African Economic Conference Conference
25th – 28th, October 201125th – 28th, October 2011
Addis Ababa – EthiopiaAddis Ababa – Ethiopia
Eric K. Ogunleye, Ph.D.Eric K. Ogunleye, Ph.D.Office of the Chief Economic Office of the Chief Economic
Adviser to the PresidentAdviser to the PresidentAbuja - NigeriaAbuja - Nigeria
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Introduction Literature Review
Concept of Growth Poles
Channels of Transmission of Growth Poles from Core to Periphery Empirical Results for Growth Polarity in Africa A Framework for Structural Transformation in Africa through Development of Growth Poles
Identifying Regional Clusters
Value Chain Development Policy Recommendations Conclusion and Agenda for Further Research
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Structural transformation remains elusive in SSA Disparities among countries could induce unfavorable socio-economic consequences, threatening overall
stability Objective: Proffer alternative solution for transformation in SSA based on the growth pole strategy
IIdentifying regional clusters that would serve as development corridors
DDeveloping value chains of activities and commodities within each cluster
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Perroux (1950) provide a theoretical formalization of growth pole Grouping industries around a core that are able to impact growth for the core area as well as that of the surrounding
areas Support the potential pole through infrastructure enhancement and incentives to private firms “poor locations” and “politically driven” growth poles are challenges of successful growth pole development
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Follows Adams-Kane and Lim (2011) Growth
Trade
Capital Flows
Migration
Technology
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Develop in-country and regional infrastructure to support growth poles Improve natural resource exploitation and managementAfDB should take the lead in driving the growth pole process while the ECA and AU provide the
political buy-in Identify specific value chains and clusters for development in SSA countries and be committed to
it
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Structural economic transformation is not impossible in SSAPolitical will and commitment required to transform SSA through growth pole
strategyEmpirically establish determinants of growth polarity in SSA(institutional
quality, per capita income, economic integration, etc)
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