Developing Industrial Policies In West African Countries

Abstract

This study concerns particularly the failures in implementation of industrial development policies; further, the level of industrial activities of African countries is compared to the rest of the world. Faced with a global economic environment either in crisis or in constant evolution, it becomes necessary to know why the same industrial policy with similar traditional instruments that have been successful in some East Asian countries, has not allowed African countries to catch up with their industrialization? Based on the documentary and observation, on the analysis of various industrial policies implemented and on examining the level of their efficiency, the purpose of this research is to propose the development of industrial policy more suited and appropriate to West African countries. The methodological approach of this research is mainly documentary, as most of the parameters come from the world recognized reports. That is, the established theoretical data and knowledge related to the West African economy. According to the results, the failure of industrialization in West Africa is due to endogenous factors (insufficient qualified human capital, lack of adequate basic infrastructure, deficit in energy production, etc.). Finally, one of the main objectives of West African countries is to commit to creating competitive industries based on the development and implementation of reasonable industrial policy. Our suggestion is not a universal solution, but a support for participation in debates for policy makers in this field.