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Begin New Search Topic Economic Growth Political Geography Africa Journal The Rest: Journal of Politics and Development Publication Year within 10 Years

1. Rent Seeking and Industrial Growth in Africa: The Case of Dangote’s Cement Industry

Author:
Adeoye O. Akinola
Publication Date:
11-2019
Content Type:
Journal Article
Journal:
The Rest: Journal of Politics and Development
Institution:
Centre for Strategic Research and Analysis (CESRAN)
Abstract:
Over the years, Africa has been noted for its socio-economic turmoil, and one of the decisive factors responsible for its dwindling economic fortune has been the lack of industrialization or de-industrialization experienced in the region. Africa is not lacking in both human and natural resources required for the attainment of socio- economic greatness; however, the lack of will-power and necessary policies to spur industrial growth have been evident. Although, Africa had recorded economic growth indicators decades ago, but the lack of its industrial prowess to sustain such has had a debilitating effect on its economy. This has made it imperative to acknowledge the policy-gaps in the industrialization question and explore the factors responsible for the lull in its industrial growth. Western scholarship holds that corruption and rent seeking hurts Africa’s quest for industrialization, but I contend with ascribing the same understanding to the two concepts and argue that rent seeking is required to drive the industrial agenda of African states. Through the case study of Dangote’s investment in the Cement industry in Africa, and unstructured interview of key players in the industrialization project, the article examines the place of rent-seeking in Africa’s industrial growth. Rents is essential in developing economies to spur the development of infant industries; thus, the implementation of ‘conditional’ rents- friendly policy remains the answer towards achieving industrial growth and development in Africa.
Topic:
Corruption, Development, Economic Growth, Industrialization, and Industry
Political Geography:
Africa

2. A Review of Public and Private Investment in South Africa

Author:
Garikai Makuyana and Nicholas M. Odhiambo
Publication Date:
07-2016
Content Type:
Journal Article
Journal:
The Rest: Journal of Politics and Development
Institution:
Centre for Strategic Research and Analysis (CESRAN)
Abstract:
The paper aims to put the limelight on the growth dynamics of public and private investment in South Africa from the apartheid period through to 2012. With the adopted inward-looking growth policy during the apartheid, massive economic infrastructure public investment stimulated private investment. Growth buoyancy of private investment continued with the implementation of the market system in 1994, complemented by the core infrastructure growth. While the South African investment climate is considered to be competitive, at least in comparison to other African economies, there are areas that still need further improvement to unlock higher investment growth potential that includes non-all-inclusive infrastructure.
Topic:
Apartheid, Infrastructure, Economic Growth, Investment, Public Sector, and Private Sector
Political Geography:
Africa and South Africa

3. Growth Dynamics in South Africa: Key Macroeconomic Drivers and Policy Challenges

Author:
Themba Chirwa and Nicholas M. Odhiambo
Publication Date:
07-2015
Content Type:
Journal Article
Journal:
The Rest: Journal of Politics and Development
Institution:
Centre for Strategic Research and Analysis (CESRAN)
Abstract:
In this paper we examine which key factors at the macroeconomic level are associated with the economic growth performance of the South African economy. These drivers have been identified by assessing the economic events that occurred during the period 1960-2013. During this period, the South African economy went through two economic and political systems: an apartheid system that covered the period 1948-1993; and a democratic system from 1994 to date. Regardless of the economic system implemented, we find the accumulation of physical capital, human capital development, international trade, real exchange rate growth, and inflation as the most significant macroeconomic drivers of economic growth in South Africa. We also find that the weak performance of the South African economy in recent years has been grossly affected by declining trends in the accumulation of capital stock, low quantities and quality of human capital, worsening balance of payments position, and real exchange rate instability.
Topic:
Development, Economic Growth, Macroeconomics, and Capital
Political Geography:
Africa and South Africa