Question on: WAEC Economics - 2016
Which of the following best explains why more foreign investments are not attracted to West Africa
A
Small population size
B
small sizes of market places
C
instability in political and industrial policies
D
lack of manpower needed to work in industries
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Correct Option: C
instability in political and industrial policies is a major problem of growth and development in west Africa. An industrial policy, that led to lower growth and more inequality and instability will discourage foreign investment. A traditional criticism of industrial policies is related to 'political economy', that such policies are likely to be captured by special interests to advance themselves.
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