Industrialization strategies and model for Senegal
Diadama Ismaila
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Diadama Ismaila: PHD scholar of Industrial Economics, School of Economics, Jilin University, China
International Journal of Research and Innovation in Social Science, 2021, vol. 05, issue 12, 749-759
Abstract:
After gaining independence, mainly in the 1960s, most African countries began to focus on promoting their industrialization. There was indeed a conviction among African leaders that industrialization was necessary to ensure self-sufficiency and reduce dependence on the advanced countries. Senegal also attempted at industrialization in the post-independence years but has had mixed results due to the absence of a clear policy attributable in particular to insufficient knowledge of its industrial sector. The purpose of this study is to propose strategies and an alternative model that could enable Senegal to develop its industry, based on some Asian latecomer’s example, findings, industrial main obstacles and recommendations analyzed in the previous parts. It should be made right clear that there is no single best-emerging market model. In the course of development, each country follows its path based on its human, economic, and natural resources. However, whatever way it takes, most of the emerging market has put industry at the heart of its economy structural transformation.
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:bcp:journl:v:5:y:2021:i:12:p:749-759
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