Contribution of Industrial Parks to Structural Transformation RL Vol. XII No 387 MMXVII

Contribution of Industrial Parks to Structural Transformation

Interview Trabscript - Respublica Litereria RL Vol. XII No 387 MMXVIII

Costantinos Berhutesfa Costantinos,

Lem Ethiopia, the Environment & Development Society

https://addisababa.academia.edu/CostyCostantinos

Summary

Ethiopia is determined in its steadfastness in building industrial parks that would expedite Domestic and Foreign Direct Investment. These parks are vital elements of the infrastructure supporting the structural transformation in Ethiopia that can attract institutional investors. Like the Chinese experience, these parks will contribute better if capital (both local and foreign currency) is available for investors. Following China and the Tiger economies’ great industrial revolution, nations build industrial parks because they believe that these parks will bring employment and national income that create value. Nonetheless, building the industrial cities and parks alone cannot create any worth. Unless the park is further fortified with important elements that attract domestic and foreign business, such a park is bound to nosedive. African governments have to be careful to have information of what institutional investors require before building too many empty parks. Furthermore, industrial park management must augur on a market-oriented economy focused on business ethics and customer contentment.

Ethiopia’s GDP growth has surprised even the IMF & World Bank, but influential strands of radical scholarship continue to question whether, Africa in the fringes of an increasingly inter-connected global economy, could ever hope to bolt out of the dominance of the conventional industrial nucleuses of Asia. Even the mighty United States economy has launched a trade war with China in the global imbalance of trade. Yet the fact that Ethiopia had rapidly moved to establish itself as one of Africa’s foremost economy means there is explicit evidence that, not only is rapid economic development possible outside the established Asian Tigers. Such intoxicating buoyancy about the Ethiopian economy and the emerging ‘Africa lions’ appears to have a solid experiential foundation, but poignantly, this highly heralded stance would need to be sublimed with, like the Asian Tigers, a deluge of exploratory capital from the China and the West.

Key words: Industrial Parks, Foreign Direct Investment, foreign capital, Public Administration, Management

See interview here or https://www.academia.edu/38032360/Interview_-_Contribution_of_Industrial_Parks_to_Structural_Transformation_RL_Vol._XII_No_387_MMXVIII