Two Essential Elements for a Strong and Sustained Industry in the ECOWAS Area

Babacar Ndiaye, Daniela Ancuta Sarpe and Cyril Manga
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Babacar Ndiaye: Amadou Mahtar MBOW University, Dakar, Sénégal
Daniela Ancuta Sarpe: Dunarea de Jos University of Galati, Romania
Cyril Manga: Cheikh Anta Diop University, Dakar, Sénégal

Risk in Contemporary Economy, 2019, 541-546

Abstract: This article proposes a contribution to the literature by theoretically analysing two essential elements for a strong and sustained industry in the Economic Community of West African States (ECOWAS): exploitation of natural resources and access to electricity. Beyond the place that industry occupies in the economy, the study shows that these two essential elements make it possible to justify the industrial emergence of ECOWAS. Our analysis shows that the industrial sector generates jobs, increases incomes and the value of agricultural products and promotes technological progress. It also opens up economic prospects for agents and provides the states with revenue allowing them to feed their accumulation funds.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:ddj:fserec:y:2019:p:541-546

DOI: 10.35219/rce2067053264

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