The in-person event will be held at the DBSA Vulindlela Conference Centre (1258 Lever Road, Midrand) - space is limited
Over the past 15 years, far-reaching structural changes have taken place that impact on how we approach industrial policy.
The global financial crisis shook financial markets and set off a multi-year recession and significant job losses, with a lasting impact on South Africa. International trade stagnated in constant dollar terms from 2010, in the biggest slowdown since World War II. At the same time, international financial markets increased lending to countries in the Global South, leaving them vulnerable later when the world economy contracted during the COVID-19 pandemic.
The climate emergency has begun to have devastating impacts across the globe, including deepening droughts and floods across Southern Africa. Efforts to internalise these costs nationally and internationally have placed immense pressure especially on energy systems, including the national grid and transport technologies, and are increasingly affecting trade regulations. These changes have taken place in conjunction with rapid and disruptive technological changes that threaten to strand older producers while opening new opportunities for growth.
The COVID-19 pandemic exacerbated an already fragile global economy. Among others, it challenged social protection systems, supply chains, fiscal policy and trust in national governments. The lingering consequences include extraordinary fiscal pressure on countries in the Global South, including South Africa, as well as the deepening slowdown in the Chinese economy, South Africa’s largest trading partner.
Growing rivalry between major economies in the context of tighter international markets and slower growth has brought new barriers to trade and investment. The Russian invasion of Ukraine underscored the risks from rising international tensions. It has led to wild speculation in some international markets as well as very real disruptions to critical supply chains.
These developments have heightened the need for African countries to strengthen their economies through industrial policy and to improve continental trade arrangements. The African Continental Free Trade Area (AfCFTA) negotiations symbolised the overwhelming pressure to respond to new realities.
The global slowdown in the 2010s was mirrored in slow domestic growth for most of the decade. At the same time, South Africa continued to face unusually deep inequality and high joblessness. The impacts have been compounded by increasing policy contestation and protests as well as struggling state-owned companies and the fragility of the national grid.
For industrial policy, the question is how to respond effectively to the profound shifts in national and international realities. By definition, industrial policy cannot be one size fits all. Rather, it must adapt to current realities based on the available evidence – a particular urgent and difficult task in the midst of the far-reaching structural changes now seen worldwide. Policy-oriented research is required to better understand the political-economy impacts, the socioeconomic costs to society, and the interventions that will best fit the unique circumstances of African economies and their communities.
The TIPS 2023 Forum will bring together academics, policymakers, civil society organisations, workers and practitioners to discuss these issues and share ideas on the way forward.
TIPS is partnering with, and receiving financial support for the Forum from the DSI/NRF South African Research Chair in Industrial Development (SARChI) based at the University of Johannesburg. The Forum will be undertaken in association with the Department of Trade Industry and Competition (the dtic).
Call for Papers: Closed
The TIPS Forum aims to deepen the understanding of industrial policy in the context of the structural changes taking place. The Forum offers the opportunity for collective critical analysis of possible solutions that consider related opportunities and challenges, and further actions. Papers can cover any aspect of practical industrial policy, including but not limited to:
- Global trade and reshaping value chains: Implications for industrial policy
- Opportunities for Southern Africa in emerging technologies: How the Global South should adapt to and take advantage of emerging technologies
- The energy transition, the climate emergency and industrialisation
- Understanding the changing skills landscape and its impact on jobs
- Managing the just transition
- Making inclusive growth central to industrial policy
- Evolving fiscal and monetary constraints
- The role of the financial sector and services in industrial policy
- Industrial policy in post-colonial economies
- The nature and implications for African countries of geo-political realignment
- Trade policy and the AfCFTA
- Strengthening regional integration (within the Southern African Development Community)