For example, there is a need to relate the shortcomings in infrastructure with the ability to produce and market goods at internationally competitive prices, match skills with needs, and balance general and vocational training. ACP policymakers require more information. In order to obtain this, links between public and private sectors need to be strengthened. 5.4 Private sector led growth requires the development of a sound financial sector. In many ACP countries, financial sectors are plagued with market failures.
Increased dialogue is needed to find appropriate solutions.
Foreign direct investment, technology and know-how agreements are important for the creation of an indigenous research capacity. Centre-satellite systems are a means of diffusing skills, knowledge and technology, and creating employment opportunities. More research into their potential in ACP countries would prove useful. There is much to be gained from the development of micro, small and medium-sized enterprises. Under the correct conditions, they have the potential to act as an engine of growth for the manufacturing sector.