Import Substitution Industrialization and the Effects of Globalization on the Manufacturing Sector in Zambia

Language: English

Published by GRIN Verlag, 2016

3668155488 / 9783668155480

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Druck auf Anfrage Neuware - Printed after ordering - Research Paper (undergraduate) from the year 2012 in the subject Economics - Case Scenarios, grade: A, ( Atlantic International University ) (School of Business and Economics), course: Globalization and International Development, language: English, abstract: The paper discusses the essence of the Import Substitution Industrialization (ISI) policy adopted by the Zambian government prior to trade liberalization and the effects of globalization on the growth and development of manufacturing sector thereafter. Specifically, the paper analyses the merits and effectiveness of the ISI policy on the growth of the Zambia industry with particular emphasis on the impact of globalization and trade liberalization on the Zambian manufacturing sector and the government possible measures and instruments necessary to maximize the benefits of globalization.The paper proves the heavy impact of trade liberalization on the manufacturing sector in peak period of its implementation. As for the import substitution policy and the effects of globalization on the growth and development of manufacturing sector, the paper also cites these among many other factors as major attributes to a greater extent to the failure of the manufacturing sector to perform to expectation over the peak period of trade liberalization. Government policies to cushion itself from the effects of globalization and to revitalize the manufacturing sector are equally proved to have brought about some favorable results despite the many constraints that the sector has had to face over the years of trade liberalization. The paper concludes by emphasizing the need for the government to continue pursuing policy measures strategically focused on the growth of the sector by seriously taking into consideration its backward and forward linkages in the economy.

Seller Inventory # 9783668155480

Title
Import Substitution Industrialization and the Effects of Globalization on the Manufacturing Sector in Zambia
Author
Stephen Gumboh
Publisher
GRIN Verlag
Publication year
2016
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3668155488
ISBN 13
9783668155480
Item weight
73 grams
Dimensions
210x148x4 mm

AHA-BUCH GmbH

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