A. Small population size
B. small sizes of market places
C. instability in political and industrial policies
D. lack of manpower needed to work in industries
Correct Answer: Option C
C. instability in political and industrial policies
Explanation
Instability in political and industrial policies is a major problem of growth and development in West Africa. An industrial policy, that led to lower growth and more inequality and instability will discourage foreign investment. A traditional criticism of industrial policies is related to the ‘political economy’, that such policies are likely to be captured by special interests to advance themselves.
