IDTT

Stuck in the Middle: Premature deindustrialisation and industrial policy? South Africa's challenges in an international context

Stuck in the Middle: Premature deindustrialisation and industrial policy? South Africa's challenges in an international context

Benchmarking South Africa against international industrial performances and policy experiences offers an opportunity to identify those countries facing similar challenges and assess the extent to which their policy responses are feasible in the South African context, both from an economic and political economy perspectives. In this lecture two leading economists analyse the major global structural transformation underway in the industrial landscape, its impact on middle-income countries and the premature deindustrialisation trap.

Structural transformation along the metals, machinery and equipment value chain – building capabilities in the metals and machinery segments

Structural transformation along the metals, machinery and equipment value chain – building capabilities in the metals and machinery segments

The trajectory of South Africa’s industrial development has centered on the mining, metals and energy value chains, which has historically been characterised by very strong intra-sectoral relationships. The mining and basic metals industries were beneficiaries of favourable electricity tariffs, investment and logistics support aimed at promoting its competitiveness.