Volume 1 Cedric - revised luca Final - RUIG-GIAN

• allowing foreign investment and patents;• restructuring financial, administrative and judicial systems;• redefining the role of public sector enterprises, SOEs and initiation of privatization.Trade is playing a central role in promoting economic activity during this period. Theprivate sector witnessed the establishment of tens of thousands of private companies,offices and agencies. There is an obvious transfer in private sector activities from sectorsthat became unresponsive to investment (namely major labour-intensive productionsectors, such as agriculture and industry) to the construction sector and others that requireless labour such as commerce, transport, and services. The agriculture and industry sectorsare suffering from competitive imported goods. On the other hand, agricultureinfrastructure suffered severely from the lack of basic supplies such as seeds, fertilizers,water, etc. This situation was worsened by shortages of power and other services, and bysecurity constraints.63