Foreward | Executive Summary | Overview | Part 1 | Part 2 | Part 3 | Conclusion
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CONCLUSION Ultimately, underdevelopment results "from inefficiencies and inadequacies in the allocation and use of resources notably human resources, in an economy". The low rate of growth in per capita income has, in the past, resulted from, among other factors, low savings, low productivity and output growth in the real sectors, a narrow export base and poor adoption as well as adaptation of modern production, process and managerial technologies. The long term objectives of Vision 2020 shall address the poor savings issue through improvements in output from the real sectors and enhancing financial intermediation. Growth in output from the real and service sectors is envisaged through the use of various instruments that should maximise returns on investments from these sectors, whilst encouraging both local and foreign private direct investments to seize the opportunities thus created. Improved potentials for greater profitability will, in the long run, encourage a more diversified production base that will seek to exploit its advantages in the global market-place. A liberal market economy without any undue administrative interference shall ensure the survival of only the most efficient ventures, thus improving the overall efficiency and competitiveness of the Gambian economy. Finally, the role of Government shall be limited strictly to the production of public goods which cannot be produced by the private sector while conducting a vigorous decentralisation drive to ensure a more democratic process in the allocation, management and control of resources.
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Foreward | Executive
Summary | Overview |
Part 1 | Part
2 | Part 3 | Conclusion