MAIN GOAL:

This two-day executive master class consists of two modules:

Module 1 ( 26th April) provides an understanding of the policy challenges in promoting sustainable industrialization. Taking the concepts of smart manufacturing and smart entrepreneurs, it explore how entrepreneurs are more important for industrial success in the new industrial revolution, and how the incentive structure in society can help shape appropriate entrepreneurial ecosystems, that includes social protection and redistributive policies, are increasingly important.It concludes by assessing the 'new' industrial revolution and its implications.

Module 2  ( 27th April) provides an understanding of the process of industrialization. In particular, why industry is important, how it relates to development, how it is driven by technological innovation, and how the various parts of the world experienced both industrialization, de-industrialization and a failure to industrialize over the past 200 years or so.  Finally, it asks what can be done in the region that is most lagging in terms of industry (manufacturing) namely Sub-Saharan Africa, by applying some of the suggestions made earlier.

TOPICS

Module 1 (26th April) :

1) Industrial policy: from the old to the new:  the concept of industrial policy, including definitions, instruments and criticisms are discussed, and the changing nature of policies outlined;

2) Entrepreneurial ecosystems for smart industrialization: the role of entrepreneurship policy in broad of Industrial Policy (IP), given the challenges to IP and the new industrial revolution are examined;

3) The "new" Industrial revolution: the key characteristics and likely implications of the "new" industrial revolution.

Module 2 (27th April) :

1) The role and importance of manufacturing in the world economy: reasons why manufacturing is a "special" sector are discussed;

2) Patterns of industrialization and de-industrialization:  reflections on the various industrial revolutions, and especially the experiences of European (German) industrialization in the late 19th century, and the industrialization of China in the 20th. In both of these, the role of entrepreneurship and state-business relations are highlighted; 

3) What of Africa? debate on how the poorest countries can, if at all, catch up through industrialization in the 21st century.