COMPARATIVE ANALYSIS OF SUSTAINABLE INDUSTRIAL DEVELOPMENT STRATEGIES IN WEST AFRICA AND SOUTHEAST ASIA: PATHWAYS TO PROSPERITY

Tidiane Guindo; Muhamad Bai'ul Hak; Pahrudin Pahrudin

doi:10.29303/e-jep.v5i2.85

Tidiane Guindo Universitas Teknologi Sumbawa
Muhamad Bai'ul Hak Universitas Mataram
Pahrudin Pahrudin Chaoyang University of Technology

DOI: https://doi.org/10.29303/e-jep.v5i2.85

Abstract

The comparative analysis of industrial development strategies in West African and Southeast Asian nations, uncovered valuable insights for policymakers and researchers. The research has used a systematic literature review as its methodology. The study revealed common policy objectives, implementation approaches, and sectoral focuses shared by both regions, alongside the resulting outcomes. The lessons learned from successful industrialization experiences emphasized the significance of long-term vision, human capital investment, infrastructure development, regional integration, sustainable practices, and access to finance. Tailoring strategies to specific local conditions and promoting regional cooperation emerge as crucial factors for driving inclusive and sustainable economic growth in these regions. By incorporating these findings, policymakers can unlock the full potential of industrial development and create pathways to lasting prosperity.

References

ASEAN IN TRANSFORMATION HOW TECHNOLOGY IS CHANGING JOBS AND ENTERPRISES. (n.d.).

Brethenoux, J., Dioh, S., Drago, N., Giddings, S., Olafsen, E., & Thaller, J. (n.d.). The Agribusiness Innovation Center of Senegal Scaling a competitive horticulture sector through value adding post-¬-harvest pro-cessing. www.infoDev.org

Development Bank, A. (2013). Regional Coop-eration and Integration in a Changing World. www.adb.org

Gammadigbe, V. (2021). Is Regional Trade Integration a Growth and Convergence Engine in Africa?, WP/21/19, January 2021.

Ganbold, B. (2008). Improving Access to Fi-nance for SMEs: International Good Expe-riences and Lessons for Mongolia

Goncalves Rodrigues, M., & Jose Pereira da Costa, F. (n.d.). Industry, Technological Progress and Development: The Case of Southeast Asia. In International Journal of Advances in Management and Economics. www.managementjournal.info