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| Title: | Globalization of the world economy: implications for Sudanese import-substitution manufacturing industry |
| Author: | Musa, El-Khider Ali |
| Book title: | Globalization, democracy and development in Africa: challenges and prospects |
| Year: | 2001 |
| Pages: | 201-214 |
| Language: | English |
| Geographic term: | Sudan |
| Subjects: | industry global economy industrial policy |
| Abstract: | In Sudan, industrialization was seen as a means of diversifying and widening the country's economic growth base and the most appropriate strategy for implementing economic development targets. To speed up the process of industrialization, the various national governments have issued industrial acts to promote public and private investment in the manufacturing sector. Over and above traditional incentives, local manufacturing industry was given protection against foreign competition. In the 1990s, in the face of continued economic crisis, price and trade liberalization policies were introduced. These have boosted the volume of manufactured goods imports and exports in Sudan, but have also forced some manufacturing companies to go out of business or operate at a lower capacity. Whatever the consequences of globalization for the local manufacturing industry, Sudan cannot afford to stay outside the global economy. Since June 1994 the government has taken practical steps to join the World Trade Organization (WTO). Joining the WTO is expected to benefit local manufacturing industry, although not all Sudanese manufacturing enterprises are sufficiently competitive to survive, at least in the short run. Bibliogr. [ASC Leiden abstract] |
