and 2005 the size, diversity and sophistication of industry in Africa have all declined. An industrialization strategy …

industries in the sector-specific takeover market, this working paper proves the common knowledge for the example of … corporate characteristics are of significant importance. With respect to prevailing takeover strategies, the survey reveals a …-affected takeover strategies that are elaborated on more closely within the working paper. Examining an acquisition focus in terms of …

We analyze a Bayesian merger game under two-sided asymmetric information about firm types. We show that the standard … prediction of the lemons market model-if any, only low-type firms are traded-is likely to be misleading: Merger returns, i.e. the … difference between pre- and post-merger profits, are not necessarily higher for low-type firms. This has two implications. First …

decline have fallen as obviously. These results are consistent with the idea that industrialization in employment terms has … been more important for eventual prosperity than has industrialization in output terms; and that high manufacturing … industrialization may have become more difficult. …

Industrialization occupies a central place in the rich tapestry of development theory and practice. Although that place … income per capita can only occur through industrialization. This paper argues that it is becoming increasingly difficult for … most developing countries to achieve rapid growth through industrialization, and especially through export oriented …