Public Policy and Business Strategy for Industrial Development
Public Policy and Business Strategy for Industrial Development

Author: Urgessa Tilahun Bekabil

Publisher: GRIN Verlag

Published: 2021-08-04

Total Pages: 21

ISBN-13: 3346459659

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Academic Paper from the year 2021 in the subject Economics - Industrial Economics, grade: A, , language: English, abstract: Industrial policies are one of the instruments for addressing market failures. This paper is aimed at assessing what public policy and business strategy for industrial development in developing countries looks like from empirical studies perspective. In developing and emerging economies, small scale industrial enterprises that require protection from the side of the government are major source of employment. The small-scale industrial firms particularly need access to credit to increase their competitiveness and integrate themselves into local and global value chains. Policies and strategies that play a role in transforming the dominant and low productive sector, subsistent agriculture, to highly productive industrial sector is the focus area of governments of developing economies. Strategic coordination between private and public need to be functional to have policies and strategies that are important for sustainable industrial development in developing economies.

How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development
How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development

Author: Murat A. Yülek

Publisher: Springer

Published: 2018-08-02

Total Pages: 304

ISBN-13: 9811305684

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This book assesses developmental experience in different countries as well as British expansion following the industrial revolution from a developmental perspective. It explains why some nations are rich and others are poor, and discusses how manufacturing made economies flourish and spur economic development. It explains how today’s governments can design and implement industrial policy, and how they can determine economically strategic sectors to break out of Low and Middle Income Traps. Closely linked to global trade and (im)balances, industrialization was never an accident. Industrialization explains how some countries experience export-led growth and others import-led slowdowns. Many confuse industrialization with the construction of factory buildings rather than a capacity and skill building process through certain stages. Industrial policy helps countries advance through those stages. Explaining technical concepts in understandable terms, the book discusses the capacity and limits of the developmental state in industrialization and in general in economic development, demonstrating how picking-the-winner type focused industrial policy has worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results.

Industrial Policy in Developing Countries
Industrial Policy in Developing Countries

Author: Tilman Altenburg

Publisher: Edward Elgar Publishing

Published: 2015-09-25

Total Pages: 229

ISBN-13: 1781000263

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Against the backdrop of persistently high levels of poverty and inequality, critical environmental boundaries and increasing global economic interdependence, this book addresses the role and impact of industrial policies in developing countries. Accepting the reality of both market failure and policy failure, it identifies the conditions under which industrial policy can deliver socially desirable results. General conclusions on the political economy of development are complemented by country case studies covering Ethiopia, Mozambique, Namibia, Tunisia and Vietnam.