Question

In: Economics

2. It has often been argued that technological weakness is the bane of manufacturing industries in...

2. It has often been argued that technological weakness is the bane of manufacturing industries in Sub-Saharan Africa. With specific examples, account for these weaknesses and suggest five key measures to address them.

Solutions

Expert Solution

It is obvious that technology is the key to the success and development of the economy of every country. Sub-saharan Africa is not an exceptional one and therefore, the technological advancements will help the country to develop itself and the economy as a whole. Technological development is speeding up making the country grow. But the technological weakness is affecting the growth of Sub-Saharan Africa. One of the major technological weaknesses is that the people are unfamiliar with the technological advancement which is growing in the rest of the world Th people are with limited skills and the chance they are not able to utilize the technology to turn it into a profitable one. So, the Sub-Saharan African region must work towards making people more skilled so that they can utilize technological degradation. There is also a lack of human capital in this region and therefore the technological advancements are confined. This also affected the growth of technological advancement in the manufacturing sectors. The government must make people skills so that the large population can be utilized for the development of the country. The sub-Saharan African region also lacks in using the technology due to less capital available in the country. This is also lowering the development of the manufacturing industry. The FDIs must be encouraged in this region so that the problem of the capital may be solved. This will also help in providing employment to the people and technological advancement will also take place. The information and the communication technology must also be boosted so that the manufacturing industry utilizes the benefits os the technology and it can be developed. Digitalization must also be encouraged in order to remove the various barriers in the manufacturing industries.


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