 Industrial Clusters and Micro and Small Enterprises in Africa: From Survival to GrowthNo 2546 in World Bank Publications - Books from The World Bank Group Abstract: The private sector is the engine of economic growth, stimulating entrepreneurship and innovation and promoting competition and productivity. While many countries in Africa have developed private sector-driven growth strategies, private investment as a proportion of gross domestic product (GDP) is only 13 percent in Africa, significantly lower than in other regions, such as South Asia, with many low-income countries. The public sector still occupies the lion's share of economic activity in Africa. This study addresses how industrial clusters could be a springboard for the development of Africa's micro and small enterprise sector, which constitutes the bulk of the region's indigenous private sector. The successful development of industrial clusters in Asia illustrates how small enterprises can help to drive growth led by market expansion at home and abroad. Keywords: Private; Sector; Development-E-Business; Finance; and; Financial; Sector; Development-Microfinance; Finance; and; Financial; Sector; Development-Banks; &; Banking; Reform; Finance; and; Financial; Sector; Development-Access; to; Finance; Small; Scale; Enterprise; Industry (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbpubs:2546 Access Statistics for this book More books in World Bank Publications - Books from The World Bank Group 1818 H Street, N.W., Washington, DC 20433. Contact information at EDIRC. |
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