Banji Oyeyinka's Books

Resurgent Africa

By: Banji Oyelaran-Oyeyinka

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‘Resurgent Africa: Structural Transformation in Sustainable Development’ is a study of structural change dynamics in Africa and its effect on job creation, living standards and the efficiency of productive cities through manufacturing productivity growth that benefit the majority. Empirical data from selected African countries, including Nigeria, Ghana, South Africa, Kenya, Rwanda and Ethiopia, provides in-depth analysis and knowledge of the continent’s diversified economies by establishing relationships between industrialization trends; rates of urbanization; and urban living standards, income growth and employment in Africa. The findings reveal unconventional pathways of structural change, patterns of jobless growth suggesting economic growth that does not necessarily lead to employment, dominance of services at the expense of manufacturing industry explaining the regress in Africa’s industrial sector and occurrence of structural transformation without improvement in labour productivity. These are important concerns for Africa’s long-term development leading to the conclusion that sustainable urbanization and industrialization are not only closely connected but also key drivers of economic change. The book includes recommendations for policymakers to adopt a new approach to development for a resurgent Africa.

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Page Count

151

Publisher

Anthem Press

Published Date

ISBN 10

1785273469

ISBN 13

9781785273469

Industrialization and Economic Diversification

Post-Crisis Development Agenda in Asia and Africa

By: Banji Oyelaran-Oyeyinka,Kaushalesh Lal

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Industrialization and Economic Diversification

Post-Crisis Development Agenda in Asia and Africa

By: Banji Oyelaran-Oyeyinka,Kaushalesh Lal

Economic diversification entails a shift away from a single income source toward multiple income sources from an increasing spectrum of sectors and markets. A persistent concern for some Asian and African economies is their reliance on commodity exports and how they are exposed to the risk of export volatility and income instability. The Covid-19 pandemic and previous oil crashes have demonstrated the adverse impact on such economies. This book provides a systemic analysis of sustainable economic development through economic diversification. The book analyzes diversification and development experiences from comparative perspectives of Asia and Africa. It also investigates determinants of export diversification differentiated by commodities-dependence versus manufactured products and looks at the roles of various institutions and governance of institutions in export diversification. This book will provide policy insights into how different degrees of specialisation in exports across countries have affected outcomes in terms of living standards, economic growth and employment.

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Page Count

152

Publisher

Routledge

Published Date

ISBN 10

1000573435

ISBN 13

9781000573435

Learning to Compete in African Industry

Institutions and Technology in Development

By: Banji Oyelaran-Oyeyinka

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Learning to Compete in African Industry

Institutions and Technology in Development

By: Banji Oyelaran-Oyeyinka

This book examines the institutional roots of the persistent differences in economic performance of firms, industries and countries in Africa. It draws attention to the role of institutions in supporting technical change and shows how technological progress is central to competitiveness in a global context. The role of initial conditions such as levels of literacy and natural endowment, the structure of industry and resource endowment are also emphasized. With its focus on how institutions shape systems of innovation this book makes a unique contribution to the debate about African development.

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Page Count

207

Publisher

Routledge

Published Date

ISBN 10

1351154079

ISBN 13

9781351154079

Latecomer Development

Innovation and Knowledge for Economic Growth

By: Banji Oyelaran-Oyeyinka,Padmashree Gehl Sampath

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Latecomer Development

Innovation and Knowledge for Economic Growth

By: Banji Oyelaran-Oyeyinka,Padmashree Gehl Sampath

The most important issue for development centres on the debate about the centrality of knowledge, technology and innovation to the process of economic development. While this much is broadly agreed, what is at issue is the precise mechanics of overcoming economic development challenges in different contexts. At the heart of it all is about how economies at different levels deploy the unending streams of information and knowledge to developmental ends. In time, the notion of income convergence between the poorer South and the wealthy North has proved a mirage, while a new economic divide has in fact occurred within the South itself, and as well, between regions and within regions. The debate relating to latecomers is thus framed in discussions about regions and countries that arrive late to mastering industrialization in achieving economic prosperity through the use of knowledge. In other words, a new divide has emerged among the latecomers themselves, and with it, greater conceptual complexity in the ways of our understanding of the divergent ways of economic development. We have thus separated "fast followers" and new "late comers". This book enters this debate acutely aware of the complexity of this process. The authors argue that economic development is largely driven by innovation, concentrating on the dynamics of process, product and organizational changes and how they are embedded within specific and varied contextual institutions.

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Page Count

264

Publisher

Routledge

Published Date

ISBN 10

1135232989

ISBN 13

9781135232986

Structural Transformation and Economic Development

Cross regional analysis of industrialization and urbanization

By: Banji Oyelaran-Oyeyinka,Kaushalesh Lal

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Structural Transformation and Economic Development

Cross regional analysis of industrialization and urbanization

By: Banji Oyelaran-Oyeyinka,Kaushalesh Lal

This book examines long-term structural changes and the broad impact on economic development in regional comparative perspectives. The book analyzes data across Africa, Asia and Latin America. It looks at key variables of productivity growth, industrialization, poverty, urbanization, and employment. This book is concerned with understanding structural change dynamics and how it affects job creation, living standards, and the efficiency of productive cities through manufacturing productivity growth that benefits majority of citizens. With empirical evidence from a selected number of developing countries including China, India, Brazil, Nigeria and South Africa, the book attempts to present the considerable structural changes of these countries over the last few decades. It highlights that growth without the expected job creation is one of the distinct features of growth in emerging and developing countries. It suggests that countries may well record economic growth, whether through within sector productivity increase or through structural change, but this may not necessarily lead to employment, an important concern for long-term development.

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Page Count

256

Publisher

Taylor & Francis

Published Date

ISBN 10

131719960X

ISBN 13

9781317199601

Urban Innovation and Upgrading in China Shanty Towns

Changing the Rules of Development

By: Pengfei Ni,Banji Oyeyinka,Fei Chen

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Urban Innovation and Upgrading in China Shanty Towns

Changing the Rules of Development

By: Pengfei Ni,Banji Oyeyinka,Fei Chen

By using field survey and World Bank investment project evaluation method, this book investigates the experience of slum rebuilding in Liaoning province, China. It figures out that the experience of Liaoning province is relatively successful and can be of great significance for developing countries and regions. The issue of slums is a huge challenge in the process of global urbanization. The population living in slums is 0.8 billion worldwide and the number is still growing. International organizations (e.g., the World Bank) and relevant countries have been working on the rebuilding of slums but only a few succeeded. In recent years, since some scholars believe that government should play dominant role in slums rebuilding, Liaoning province has developed a systematical model in slums rebuilding from 2005. This model emphasizes the guidance of government, market functions and society involvement. With the application of the new model, Liaoning province has improved 2.11 million people’s living conditions from 2005 to 2010. By introducing the conditions, history, rebuilding process and rebuilding methods of Liaoning slums, this book provides new information and data for slum rebuilding decision makers and researchers.

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Page Count

213

Publisher

Springer

Published Date

ISBN 10

3662439050

ISBN 13

9783662439050

From Reversal of Fortune to Economic Resurgence

Industrialization and Leadership in Asia’s Prosperity and Nigeria’s Regress

By: Banji Oyelaran-Oyeyinka,Oyebanke Abejirin

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From Reversal of Fortune to Economic Resurgence

Industrialization and Leadership in Asia’s Prosperity and Nigeria’s Regress

By: Banji Oyelaran-Oyeyinka,Oyebanke Abejirin

This book examines Nigeria, Africa’s largest economy and most populous country, and Asia in comparative development and sectoral perspectives. We traced the divergent growth in wealth between the two regions. It takes a novel approach of matching key growth sectors across five selected Asian countries and Nigeria in a cross-regional context. We found that state and institutional capabilities underlying the generation and diffusion of industrial and technological knowledge in Asia distinguished it from Africa. We employ quantitative and qualitative methods, including case studies and statistical/econometric methods, to analyze factors that separate the sample countries that made rapid economic progress in “catching up” and those that tend to be stagnating and “falling behind.” Progress made by Asian countries over the last five decades was due in large part to their pursuit of industrialization, technological acquisition underpinned by leadership, good governance, and policies in the right institutional contexts. The four Asian countries compared with Nigeria are Indonesia, Malaysia, South Korea, Vietnam, and Bangladesh. There was not one grand development formula; however, the strategy broadly consisted of industrial (vertical) diversification as well as (horizontal) diversification in agriculture. Building industrial capabilities that enable export competitiveness was critical. Again, while leadership is not usually included in factors of growth, the book devotes a chapter to Leadership and Industrialization and another to State Capacity Industrialization and Economic Growth. African countries on the contrary took the low road in exporting minerals and raw agricultural commodities with little value addition; in the process, Africa experienced a reversal of fortune. The African condition is manifestly a Reversal of Fortune because in the 1950s, they were ahead of, or equal to, Asia in per capita income as well as in other development metrics. We carried out empirical measurement of Reversal of Fortune manifested in economic, social, technological, and industrial conditions by analyzing the disparities in development metrics, particularly the levels and rates of growth of national incomes, industrialization rates, and Human Development Index (HDI). The differences are stark.

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Page Count

189

Publisher

Anthem Press

Published Date

ISBN 10

1839991992

ISBN 13

9781839991998

Uneven Paths of Development

Innovation and Learning in Asia and Africa

By: Oyebanji Oyelaran-Oyeyinka,Rajah Rasiah

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Uneven Paths of Development

Innovation and Learning in Asia and Africa

By: Oyebanji Oyelaran-Oyeyinka,Rajah Rasiah

Why have East Asian countries grown so fast and the African countries so slowly for the last quarter century, even though many in the two groups at the beginning of the period had similar income levels? The authors provide an original, thoughtful and extremely insightful approach to this question by considering the experience of the two groups of countries in relation to the development of the information hardware industry. The results of this investigation are fascinating and thoroughly convincing. This volume makes a brilliant path breaking contribution to development economics and thoroughly deserves to be and will be widely read. Ajit Singh, University of Cambridge and University of Birmingham Business School, UK This book represents an important step forward towards understanding why some countries and regions are successful in catching-up with the rich part of the world while others tend to have great difficulties in doing so. It represents a very happy marriage between the literature on economic development and the literature on innovation and learning. At the end of the book a series of thoughtful recommendations for innovation policy are presented. This volume should be recommended to students and practitioners involved in understanding and promoting economic development. Bengt-Åke Lundvall, Aalborg University, Denmark and Tsinghua University, Beijing, China In recent years there has been a revolution in studies of economic development. The heart of successful development is seen as the growing mastery by firms of the technological, organizational, and managerial capabilities needed to be effective in a field of economic activity. In turn learning by firms is seen as strongly dependent upon the institutional structures that mold how they operate. And effective institutions are seen as often sectoral specific. The achievement of successful development thus requires that a nation put in place the appropriate institutions. This fine book is an important addition to this literature. Richard R. Nelson, Columbia University, US The authors demonstrate a good understanding of the theoretical scholarship which they have used competently in building up the intellectual foundations for analyzing the sources of uneven paths of development cross countries in Africa and Asia. Drawing on country data and experiences, the book offers evidence-based policy lessons relevant for learning to innovate and to catch-up in a complex process of industrial, technological and organizational changes at the firm- and sectoral-levels. This book deserves to be read by all those concerned with technology and development. Kande Yumkella, UNIDO This book focuses on what can be learned from the complex processes of industrial, technological and organizational change in the sectoral system of information hardware (IH). The IH innovation system is deliberately chosen to illustrate how sectors act as seeds of economic progress. Detailed firm-level studies were carried out in seven countries, three in Africa (Nigeria, Mauritius and South Africa) and four in Asia (China, Taiwan, Malaysia and Indonesia). Bringing together two important areas of research (the scholarship on technology, innovation and learning, and the development literature) this book creates a useful and novel framework for understanding development, and draws very strong policy lessons for latecomer countries. It will be of great interest to graduate students working on evolutionary economics, science and technology policy studies, as well as policymakers and research institutes.

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Page Count

253

Publisher

Edward Elgar Publishing

Published Date

ISBN 10

1848446144

ISBN 13

9781848446144

Book's by Banji Oyeyinka

Resurgent Africa

Resurgent Africa

Industrialization and Economic Diversification

Industrialization and Economic Diversification

Learning to Compete in African Industry

Learning to Compete in African Industry

Latecomer Development

Latecomer Development

Structural Transformation and Economic Development

Structural Transformation and Economic Development

Urban Innovation and Upgrading in China Shanty Towns

Urban Innovation and Upgrading in China Shanty Towns

From Reversal of Fortune to Economic Resurgence

From Reversal of Fortune to Economic Resurgence

Uneven Paths of Development

Uneven Paths of Development

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