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Africa - The Ultimate Frontier Market: A guide to the business and investment opportunities in emerging Africa by David Mataen

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Chapter 6: Deregulation and Liberalisation of Manufacturing and Services

Background and perspective

In those states that gained independence in the 1960s, the new African governments quickly embraced industrialisation as a definite means towards self-sustenance and sustainable development. They founded state-owned corporations under policies of import substitutions, to develop local industries that produced goods which previously had been imported. [94] The government quickly became the chief businessman in town, with single or dual monopolies in every sector. It did not matter what it was that one needed; whether it was something as inconsequential as a tooth pick or something as substantial as a bag of cement, most items came from ...

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