This book examines key determinants of private sector development
in West Africa, putting special emphasis on government s cardinal
role in fostering and supporting entrepreneurship. Favorable
macroeconomic conditions are identified and it is shown that
adequate policies that contribute to economic diversification and
industrialization are likely to expand the investment base of the
economy. The book also examines new business concepts and regional
integration initiatives meant to enhance West Africa s private
sector and analyzes the role of finance in promoting development of
private firms and the extent to which corruption impedes economic
growth. All chapters are highly relevant to West Africa s current
policy challenges and therefore inform the region s ongoing policy
formulation. The empirical evidence supporting the policy
recommendations is based on both qualitative field observations and
advanced quantitative estimation techniques."
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