Factors Driving Industrialisation through Export Processing Zone Model: Tanzanian Experience

This study aimed to establish factorsforsuccessful industrialization for a country like Tanzania. Specifically, this study sought to understand how industrialization can effectively be implemented in a developing country like Tanzania. The study employed a qualitative descriptive approach. Semi-structured face-to-face interviews were used to obtain data and data was analysed using thematic content analysis. The findings of the study revealed that engagement of the private sector in the development of the industrial sector, recognition of the political buy-in and support are decisive factorsforindustrialization, prioritizing the industrial sector in the budget allocation process, active engagement of other players from the industrial economy in the process of industrializing the country, and ensuring consistency and stability of policies. This study adds onto the lack of literature on the aspect under focus. Much has been debated in the literature about approaches to industrialization as well as what constitutes good industrial policy. However, this study extends the discussion by exploring factors for successful industrial policy for a developing country like Tanzania.