The Problems of Africa’s Industrialization Substitution Strategy and Reformation Needs

Main Article Content

Simeon Maxime Bikoue

Abstract

This study showed that industrialisation by substitution of imports has been a failure in Africa and has made industries in this part of the world less competitive on the foreign market. As such, a different industrialisation strategy which in the context of globalisation of economies and the fierce competition of the international market reinforces the competitiveness of African countries. This new strategy was translated amongst others by the appropriation of new technologies, protection of infant industries, cloning of manufactured products imported out of Africa, regional integration and the culture of exporting manufactured products.

Keywords:
Industrialisation, strategy, infant industry, integration.

Article Details

How to Cite
Bikoue, S. M. (2020). The Problems of Africa’s Industrialization Substitution Strategy and Reformation Needs. South Asian Journal of Social Studies and Economics, 7(4), 44-54. https://doi.org/10.9734/sajsse/2020/v7i430199
Section
Review Article

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