Economic Report on Africa 2017 Urbanization and Industrialization for Africa’s Transformation
The 2017 Economic Report on Africa focuses on the linkages between industrialization and urbanization. Urbanization is one of Africa mega trends with profound implications for the social, economic, environmental dimensions of growth and transformation. Theory and experience demonstrate that industrialization and urbanization can be mutually reinforcing processes. It is therefore imperative to explore the linkages between urbanization and industrialization given the profound implications for structural transformation in Africa.
According to the Economic Report on Africa 2017, half of Africa's population will live in urban areas by 2035. The rapid urbanization presents high demands for jobs, services and infrastructure, while creating enormous opportunities for Africa’s economic growth.
The report identifies and analyzes the drivers, enablers and policy levers for strengthening linkages between industrialization and urbanization. It shows that industrialization requires better functioning cities and systems of cities, which in turn require better performing industrialization processes. It stresses that African countries, under the right policy frameworks anchored in national development planning, can leverage the momentum of urbanization to accelerate industrialization for a more prosperous and equitable future.
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