Light Manufacturing Holds Potential for Millions of Jobs in Africa

JOHANNESBURG--March 27, 2012--Written by Richard Finlayson, Senior International Editor for Industrial Info Resources (Sugar Land, Texas)--According to the World Bank's chief economist and senior vice president for development economics, Justin Yifu Lin, continual economic growth in Africa can only come with structural changes. "For Africa, continued strong performance will require transforming out of agriculture and into areas such as light manufacturing," said Lin in Addis Ababa, Ethiopia. "This thinking is central to my legacy as World Bank chief economist."