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Two Essential Elements for a Strong and Sustained Industry in the ECOWAS Area

Author

Listed:
  • Babacar Ndiaye

    (Amadou Mahtar MBOW University, Dakar, Sénégal)

  • Daniela Ancuta Sarpe

    (Dunarea de Jos University of Galati, Romania)

  • Cyril Manga

    (Cheikh Anta Diop University, Dakar, Sénégal)

Abstract

This article proposes a contribution to the literature by theoretically analysing two essential elements for a strong and sustained industry in the Economic Community of West African States (ECOWAS): exploitation of natural resources and access to electricity. Beyond the place that industry occupies in the economy, the study shows that these two essential elements make it possible to justify the industrial emergence of ECOWAS. Our analysis shows that the industrial sector generates jobs, increases incomes and the value of agricultural products and promotes technological progress. It also opens up economic prospects for agents and provides the states with revenue allowing them to feed their accumulation funds.

Suggested Citation

  • Babacar Ndiaye & Daniela Ancuta Sarpe & Cyril Manga, 2019. "Two Essential Elements for a Strong and Sustained Industry in the ECOWAS Area," Risk in Contemporary Economy, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, pages 541-546.
    • Handle: RePEc:ddj:fserec:y:2019:p:541-546
    DOI: 10.35219/rce2067053264
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    References listed on IDEAS

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    1. Daniela Ancuta SARPE & Babacar NDIAYE & Cyril MANGA, 2017. "Contribution of the Industrial Structure to Economic Growth: the Case of Ecowas," Economics and Applied Informatics, "Dunarea de Jos" University of Galati, Faculty of Economics and Business Administration, issue 3, pages 148-157.
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