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Pierre Guislain

What Korea’s industrialization success means for Africa

Despite a decade’s worth of headline-grabbing economic growth, Africa’s experience with industrialization remains disappointing. Sixty-two percent of the continent’s total export products (link is external) are in primary form, signaling the limited role of manufacturing in driving development. Sub-Saharan Africa’s average share of manufacturing value added to GDP, at around 10 percent, is unchanged from the 1970s.