SUNConferences, 29th Annual Conference of SAIIE

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INDUSTRIALISATION 4.0 - THE IMPLICATIONS OF THE FOURTH INDUSTRIAL REVOLUTION FOR INDUSTRIALISATION IN AFRICA
Belinda Fynn-Hurwitz, Bernadette Patricia Sunjka

Last modified: 2018-10-09

Abstract


The traditional path to industrialisation by growing manufacturing output has leveraged two key sources of competitive advantage: (1) low-cost labour and (2) the economies of scale derived from centralised mass production. The maturing technologies of Industry 4.0 erode both of these foundational pillars.  The implication for less developed countries is that the model for successful industrialisation going forward is likely to differ substantially from that of the past. This offers both challenges and opportunities, requiring a fundamentally different approach to driving industrialisation.  This paper explores what this may mean for countries that are still seeking to become more industrialised.


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