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What lesson can africa learn from the first industrial revolutionin quest for socio-economic transformation

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In simple words, The first takeaway for Africans is that ideological extremism should be avoided at all costs. What is truly required is a good measure of macroeconomic practicality in defining the optimum balance between state and market responsibilities in industrial growth.

To avoid a repeat of the past, when many businesses were completely reliant on the authorities for security and grants, conditions must be in existence to qualify for such support. In this case, a mixture of carrots and sticks can be useful.

User Mijanur Rahman
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