Globalization and Global Value Chains: Prospects for Africa

The story of industrialization in Africa is, so far, an incomplete one. Despite previous industrialization efforts, what has actually happened over time across the continent resembles a premature deindustrialization where the little gains made in industrialization have been reversed. Premature deindustrialization is the term used to explain the phenomenon whereby many developing nations are becoming service economies without having had a proper experience of industrialization. This means that de

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