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Essay

impact of saps on manufacturing in ghana

Essay specific features

 

Issue:

Business

 

Written by:

Pam R

 

Date added:

April 14, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

11 / 2990

 

Was viewed:

5664 times

 

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Essay content:

At independence in 1957, Ghana had one of the strongest economies in Africa with a high annual domestic growth rate of about 6% as well as substantial foreign exchange reserves. Since the early 1960s, there has been debate over the appropriate trade policy for developing countries (Ishrat & Rashid, 1996)...
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The contention has been between free market advocates and trade protectionists. While the free market proponents support an outward-looking, export-oriented trade regime, the trade protectionists settle for an inward-looking system. They both, nevertheless, agree that industrialization should be the main economic development strategy...
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