The East African Industrialisation Policy 2016
The EAC is on Wednesday planning to discuss an Industrialisation Policy which would be aimed at revamping industrial growth in stumped industries and promoting the creation of new ones. Part of it would be limiting car imports and streamlining regional laws in regards to it and banning the importation of second hand clothes and textiles which have stymied the growth of local industries. The vicissitude from open to protectionist policies and economies was bound to happen. Costs of production,subsidies,political goodwill and other factors are not equal meaning that industries are not at the same level and the a priori decision is that limiting imports will positively impact growth of local products. It's a great plan, in theory. Can the industry revival infrastructure be up in time for the implementation of the law,however? How will this affect the already existent second-hand clothing(mitumba) industry? How will the government subsidize production costs? What's the long-