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Sector is important – the characteristics of investment differ across sectors.
Sector is important – the characteristics of investment differ across sectors.
Primary Sector: export-oriented, limited potential linkages, possible Dutch disease effects, volatility due to commodity prices and financing.
Manufacturing Sector: efficiency and market-seeking, potential strong linkages unless enclave economies are formed, possible crowding out effects.
Service Sector (infrastructure, finance, etc): mostly market-seeking, significant crowding out effects, privatization and mergers & acquisitions, institutional and regulatory framework is very important.