Introduction and Analytical Approach

Sanjaya Lall, Giorgio Barba Navaretti, Simon Teitel and Ganeshan Wignaraja
Additional contact information
Giorgio Barba Navaretti: University of Milan
Ganeshan Wignaraja: University of Oxford

Chapter 1 in Technology and Enterprise Development, 1994, pp 3-23 from Palgrave Macmillan

Abstract: Abstract Sub-Saharan Africa’s industrial development has been disappointing. This has been explained by two sets of factors. The first has traced it to external shocks such as declining terms of trade, droughts and civil unrest; the second to inappropriate policies, such as poor macro-economic management, inward-looking trade strategies, a predilection for public ownership, regulations on domestic competition, financial market segmentation and suppression, and restrictions on foreign investment. These two sets of explanations, with their associated recommendations, have tended to dominate discussions of African industrialisation. The remedies for the first set of deficiencies (primarily espoused by many African governments) have been to increase import capacity by giving more aid and to restore stable political conditions. For the second set (mainly from the multilateral aid agencies), they have been to achieve macroeconomic stability and more market-oriented policy regimes.1

Keywords: Small Firm; Market Failure; Technological Capability; Industrial Enterprise; Efficient Resource Allocation (search for similar items in EconPapers)
Date: 1994
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-13925-5_1

Ordering information: This item can be ordered from
http://www.palgrave.com/9781349139255

DOI: 10.1007/978-1-349-13925-5_1

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().