TIPS Annual Forum 2023: Industrial Policy in an era of global structural change: Implications for Southern Africa
Moderator: Shimukunku Manchishi (Zambia Institute for Policy Analysis and Research)
Speakers:
Sören Hilbrich: The implementation of sustainability taxonomies: The case of South Africa
Jason F. Bell: Green hydrogen for sustainable (re)industrialisation in South Africa: Industrial policy for difficult-to-abate industries and linkages developmen
Nicola Wills: Domestic carbon offsetting standards and the international and institutional experience
Seutame Maimele: The European Green Deal (EGD) and its implication for African Trade
Alboricah Tokologo Rathupetsane: Nipping economic stagnation in the bud - the role of transmission infrastructure in South Africa’s green economy industrialisation
Background
The past 15 years have seen far-reaching structural changes that have affected how we approach industrial policy. The global financial crisis shook financial markets and set off a multi-year recession that caused 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. Concurrently, as a result of the favourable cost of financing in the decade that followed, countries in the Global South significantly increased their borrowing from financial markets and international lenders, leaving them exposed to external shocks when the world economy contracted during the COVID-19 pandemic. In addition, 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 and are affecting trade. These disruptions have wider implications for industrial policy.
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 was undertaken in association with the Department of Trade Industry and Competition (the dtic)
Further information about the speakers and the event can be found here:
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