Person:
Owusu, Solomon
Author Name Variants
Fields of Specialization
Structural transformation,
International trade,
Global value chains,
Development Economics
Degrees
ORCID
External Links
Externally Hosted Work
Contact Information
Last updated
January 31, 2023
Biography
Solomon Owusu is a research economist at the German Development Institute (DIE) in Bonn, Germany, and also serves as a coordinator of the Complexity Economics Working Group of the Young Scholars’ Initiative, Institute for New Economic Thinking (INET, New York). He is also a former World Bank Africa fellow. Solomon has experience in economic research, teaching, and policy from working with and working on projects for reputable organizations such as the World Bank (Washington, DC), United Nations Industrial Development Organization (UNIDO, Vienna), European Commission (EU-JRC, Belgium), Asian Development Bank, United Nations University–MERIT (the Netherlands), and Ghana Statistical Service. He is currently finalizing his PhD in economics at the Maastricht University in the Netherlands. Solomon’s research focuses broadly on development economics in areas such as the measurement and analysis of structural transformation, jobs and inclusive growth, global and regional value chains, international trade, and issues at the intersection of technology and productivity in developing countries with particular focus on countries in Africa. Solomon’s research has been published in peer-reviewed journals such as the World Economy and Journal of Economic Behavior & Organization.
Publication Search Results
1 - 2 of 2
-
Publication
Industrialization in Sub-Saharan Africa: Seizing Opportunities in Global Value Chains
(Washington, DC: World Bank, 2021-11-23)Industrialization drives the sustained growth in jobs and productivity that marks the developmental take-off of most developed economies. Yet, academics and policy makers have questioned the role of manufacturing in development for late industrializers, especially in view of rapid advancements in technologies and restructuring of international trade. Concurrently, industrialization and structural transformation are integral to the African Union’s Agenda 2063 and the development strategies of several countries in Sub-Saharan Africa (SSA). Given this renewed interest in industrialization across the region, a central question is not whether SSA countries should pursue industrialization as a potential path to sustainable growth but how to promote the prospects of industrialization. Industrialization in Sub-Saharan Africa: Seizing Opportunities in Global Value Chains addresses this question by reassessing the prospects for industrialization in SSA countries through integration into global value chains. It also examines the role of policy in enhancing these prospects. The main findings indicate that • SSA has not experienced premature deindustrialization; the region has witnessed substantial growth in manufacturing jobs despite a lack of improvement in the contribution of manufacturing value-added to GDP. • The region’s integration into manufacturing global value chains is reasonably high but it is dominated by exports of primary products and engagement in low-skill tasks. • Global value chain integration has led to job growth, and backward integration is associated with more job creation. The report emphasizes the role of policy in maintaining a competitive market environment, promoting productivity growth, and investing in skills development and enabling sectors such as infrastructure and finance. Policy makers can strengthen the global value chain linkages by (1) increasing the value-added content of current exports, (2) upgrading into high-skill tasks, and (3) creating comparative advantages in knowledge-intensive industries. -
Publication
Africa in Manufacturing Global Value Chains: Cross-Country Patterns in the Dynamics of Linkages
(World Bank, Washington, DC, 2020-10)Africa's linkages in manufacturing global value chains are reasonably high compared with other developing regions. Still, linkage rates have declined steeply in recent years in non-resource rich countries in the region although they have increased sharply in countries that are rich in natural resources. Moreover, the level and dynamics of linkages to manufacturing global value chains vary significantly between countries within each group of natural resource endowments. The current levels, activity structure, and geographic configuration of linkage rates evolved over the past 20 years. In addition, these linkages cut across broad activity categories, including manufacturing textiles and apparel, metal products, transport equipment, and electrical goods. This paper analyzes the sources of the variation in linkage rates in the framework of an estimated gravity and linear probability model. It is shown that the domestic actors in these linkages are typically relatively large establishments (100 or more employees) and have been in operation for five years or longer. These manufacturers are also more likely to have foreign equity holders or foreign technology licenses. These findings should be seen in the light of policies that promote industrialization by facilitating integration into manufacturing global value chains at links that maximize job and productivity gains.