ISI and Raw Material Dependency: “Twin Killers” of Economic Potential of African Countries (PART 2 OF 8)
ISI Industries are voracious Consumers of Hard Currency Continued From Part I An inefficient producer that requires special protections and has a voracious appetite for hard currency to import semi-finished goods as raw material is a liability against the most vulnerable in society. The poor and least well-off are the most burdened by high prices […]