Industrial policy
Industrial policy is “any type of selective intervention or government policy that attempts to alter the structure of production toward sectors that are expected to offer better prospects for economic growth than would occur in the absence of such intervention.” according to Pack and Saggi ). Tanzania will need to transform its economy with aim of increase value addition in its export basket tap into grobal value and provide citizen better life. The following are some objectives industrial policy in Tanzania 1.To promote international trade competition environment through improvement of industrial infrastructure supported by efficient physical facilities and institutional back up ,and to promote internationally competitive industries and enterprises to make up the industrial sector the real engine of economic growth. 2. To transform Tanzania into the middle income through expansion and extension of existing development corridors and the creation of an expo...
