Sunday, May 17, 2020

A Relationship Between Growth And The Historical Context...

One of the aims for this essay is to establish whether there is a relationship between growth and the historical context of the countries. One could say that the obstacles to growth for developing countries could be based on the historical context of the countries. After receiving independence in the 1950 and 1960s, they regarded colonialism to be in the past and the only way was forward, aiming for economic development and prosperity (development book pg1). However According (development book pg1) imperialist exploitation in western development and the west domination of the world economy foredoomed the new states to be dependent. In other words Western Europe and North America had in with the natural course of Africans industrialization†¦show more content†¦Post- independence African countries tried several models of industrialization (Nzau, 2010, p. 152). One of these modes of development was the import substitution model (ISM). This development strategy was an inward l ooking strategy it was expected make industrial development easier , thus allowing the countries to familiarize themselves with industries and technology (Nzau, 2010, p. 152), thus also providing employment and wealth for the countries (meir 1989). According to Kilby (1975), and Mkandawire and Soludo (1999) suggest that import substitution was the original industrialization policy, because the governments realised that they were incapable to compete in the world market The objective was to ban the export structure based on out-of-date farming, and use import substitution as a way to increase and diversify (vary) its production. Examples to show the industry in Sub Saharan Africa grew, the data presented by Pearson (1969) show that the industry grew during that transitional period of the (ISM) being in place. The data shows that in DR Congo, the average annual growth rate of the industry was 11% between 1948/59; in Zimbabwe, its average annual growth rate was 8.7% between 1948/63; in Nigeria, 6% between 1950/57; and in Kenya, 5% between 1956/63. With regard to Zimbabwe, between 1945 and 1965, the share of manufacturing in GDP rose from almost

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