Contribution Of Industrial Policy On The Economic Development In The Democratic Republic Of Congo:2010-2016

The purpose of this study was to analyze the "Contribution of industrial policy to the DRC economic development" i.e.to evaluate the strength of the linkages between different industries and determine how the structure of the DRC's economic activities can guide the choice of development.Furthermore the study tried to find the causality of the industry policy and GDP,how much do the sectors predict the GDP.It has been seen that it is difficult to see how country at all levels of development can respond constructively to contemporary challenges from job creation and poverty reduction to participating in the technological revolution and global value chains,from promoting efficient and clean energy to mitigating exogenous shocks and boosting its economy without using some kind of targeted industrial policy.The mixed methods have been used i.e.the quantitative and Qualitative methods were used for data collection and desk review method.Data have been analyzed by using SPSS.The correlation analysis and multiple regression analysis were compiled to provide answers to the research questions/hypothesis established for this study.The reliability analysis has been tested by Cronbach's alpha.The results showed that a=0.86.The findings also showed that there was a strong positive and statistical significant relationship between Agriculture sector,Industry sector,Service Sector and GDP(r=.964,p<0.001)(r=.983,p<0.001),(r=.98,p<0.001).By using multiple regression,the results show that the three predictors' variables have the significant potential to influence or to predict the GDP of DRC.The recommendations have been written up for better restructuring and improvement of DRC's economic development with special focus on job creation and reducing poverty in the Congo.Furthermore,the DRC should also intensify the investments in the acquisition of new technologies in different sectors of economic activities.