Home
ECONOMICS
Posted by Chester Morton / Thursday, 5 January 2017 / No comments
The problems of industrialization in Sierra Leone
Definition of industrialization
Industrialization can be defined as the system by which an
economy which hitherto produced basic agricultural goods, now manufactures
those same goods with the use of machines instead of manual labour and assembly
plants instead of skilled artisans.
PROBLEMS OF
INDUSTRIALIZATION
One of the problems confronting industrialization in Sierra Leone
is the absence of enough skilled labour to supervise the complex industrial
machines that are used in the manufacturing sector. There are few well trained
artisans, engineers and the like to operate the sophisticated industrial machines.
The Sierra Leonean civil war
Another problem of industrialization in Sierra Leone is that
the protracted civil war of the 90s destroyed the little infrastructure the
country used to have. Though attempts are being made to build new
infrastructure, the rate of reconstruction is very slow because of the
non-availability of funds.
Demand for industrial goods in Sierra Leone
Following from the previous point is the fact that in Sierra
Leone, most people are poor and therefore cannot afford the manufactured goods
even if they were produced in large quantities. Most factories therefore produce
below their installed capacity.
Supply of raw materials
Another basic problem facing industrialization in Sierra
Leone is the low supply of raw materials to feed the industries. In some cases,
the industrial plants are there but because there are not enough raw materials
to feed them, the machines just stay idle at the mercy of the weather till they
get damaged or at best, do not run at full installed capacity.
Infrastructural facilities
There is also the problem of lack of enough infrastructural
facilities such us good roads, railways, constant supply of water and
electricity etc. The civil war had destroyed even the little that was
available. The industrial factories need electricity to run 24 hours a day but
that is not readily available in Sierra Leone. The factories need a good road
network to be able to transport their raw materials and finished goods
efficiently. These are not available in Sierra Leone.
Capital to invest
Another problem is the absence of capital to make the initial
investment and to re-inject into the business in order to expand. The banks may
be willing to help but their interest rates are over the roof so entrepreneurs
are not attracted to that option. Even where they are, some are not able to
provide the collateral needed by the banks. Sierra Leonean entrepreneurs are
not able to access the facility or the loan as a result.
SAMPLE QUESTIONS
1. What are some of the problems confronting
industrialization in Sierra Leone?
2. Highlight six problems of industrialization in your
country.
3. a. What is industrialization?
b. Give five reasons
why Sierra Leone is unable to industrialize.
Related Posts