Ravi Kanbur: Africa should invest in people, not industries

The current African commodity/resource booms raise the question of how to appropriately use the revenues gained. Professor Ravi Kanbur of Cornell University talks to the distributional dilemmas and the best way forward for these growing countries to achieve transformation. He argues that African countries should generate sustainable growth by investing in infrastructure and human capacity building and not in the light manufacturing industrial policies that have worked so well in East and South Asia.

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20 years for Africa to Industrialise. 20 years for all consumer markets to automate industries.... bit late to go that route now.