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Explain the measures that can be taken to curb the challenges developing countries face in their industrial sectors

      

Explain the measures that can be taken to curb the challenges developing countries face in their industrial sectors.

  

Answers


Abdullahi
1. Increased incentives for industries to locate in rural areas for example tax incentives and integrated rural development.

2. Industrial development should be oriented towards export promotion policies.

3. Small scale industries should be encouraged.

4. Search for more markets should be encouraged through regional economic integrations such as COMESA.

5. Financial assistance by the establishment of institutions like Kenya Industrial Estate that assist small scale enterprises.

6. Investment in human resource; in quality as well as quantity in order to lay the foundation of productivity gains needed to sustain development.

Dullayo answered the question on July 26, 2018 at 14:03


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