The Impact of Industrialisation on Economic Growth in Africa

ISBN-13: 9786207995912 / Angielski / Miękka / 2024 / 56 str.

David Aondofa Orayimam; Donald Terungwa Ajekwe; Nicodemus Ukanaaka

Opis

The industrial sector is crucial for economic growth in both developed and developing countries. Industrial activities such as agriculture, manufacturing, mining, and exports play a significant role in driving economic development. This study focuses on analyzing the impact of industrialization on economic growth, particularly in Nigeria. Despite government efforts, Africa faces challenges leading to stunted growth. To address these issues, it is essential for the government to maintain policy consistency, encourage investment in the industrial sector, and design effective industrial policies that support growth. The prosperity of a nation largely depends on the development and sustainability of its industrial sector.