
When they met in Hangzhou, China in September 2016, the G20 leaders launched the Initiative on Supporting Industrialisation in Africa and Least Developing Countries. It is certainly one on which Germany can build in the course of its own presidency in 2017. And hence, important that Germany sustain the momentum of this Initiative.





All low-income countries have the potential for dynamic economic growth. We know this because we have seen it happen repeatedly: a poor, agrarian economy transforms itself into a middle- or even high-income urban economy in one or two generations. The key is to capture the window of opportunity for industrialization arising from the relocation of light manufacturing from higher-income countries. That was true in the past and remains true for Africa today.