Industrial Policy and Economic Development

Theory, Strategy, and Practice

By: Arkebe Oqubay

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eText | 9 April 2025

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This book explores industrial policy and how it can drive economic development within emerging and developing countries. It examines the potential for sustainable economic growth and green industrialisation to deliver economic transformation and catch-up. The ways in which manufacturing can accelerate decarbonisation through the development of low-carbon industrial hubs, promote the expansion of renewable energy, and encourage investment in green technology and innovation are highlighted to show how industrial policy is key to achieving the net zero goals, the 2030 Agenda, and the Sustainable Development Goals. The links between industrial policy and urban transformation are also discussed to underline how cities can drive economic growth and foster technological innovation within the developing world.

This book offers a framework for industrial policy and economic development that can be applied within emerging and developing economies, particularly in Africa. It will be relevant to students, researchers, and policymakers interested in development economics, industrial policy, and environmental economics.