Industrialization for Development Industry can enhance productivity, increase the capabilities of the workforce, and generate employment, by introducing new equipment and new techniques. Industrialization, with strong linkages to domestic economies, will help African countries to achieve high growth rates, diversify their economies and reduce their exposure to external shocks. This will substantially contribute to poverty eradication through employment and wealth creation. The success of Africa’s industrialization programme will require the creation of enabling environment that enhances domestic capacity in respect of physical and social infrastructure, human capital, financial systems, research and development (R&D), technology, and governance. Fostering Trade and Accelerating Industrialization In 2008 , the African Union adopted an "Action Plan for Accelerated Industrial Development of Africa," collaborating with the United Nations Industrial Develop...
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