A Cluster-Based Industrial Development Policy for Low-Income Countries

Otsuka, Keijiro; Sonobe, Tetsushi

dc.creator	Otsuka, Keijiro
dc.creator	Sonobe, Tetsushi
dc.date	2012-03-19T18:02:59Z
dc.date	2012-03-19T18:02:59Z
dc.date	2011-06-01
dc.date.accessioned	2023-02-17T20:57:21Z
dc.date.available	2023-02-17T20:57:21Z
dc.identifier	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20110622152531
dc.identifier	http://hdl.handle.net/10986/3467
dc.identifier.uri	http://localhost:8080/xmlui/handle/CUHPOERS/244431
dc.description	The need to construct an effective strategy for industrial development in low-income countries has been largely ignored by development economists because industrial policies have failed in many developing countries. This does not imply, however, that industrial development cannot be promoted. This paper attempts to synthesize the conventional wisdom in development economics with recent advancements in various fields of economics (such as theories of endogenous growth and agglomeration economies) to provide a useful framework to design a strategy for industrial development, which consists of investments in managerial human capital followed by the provision of credit and the construction of industrial zones.
dc.language	English
dc.relation	Policy Research working paper ; no. WPS 5703
dc.rights	CC BY 3.0 IGO
dc.rights	http://creativecommons.org/licenses/by/3.0/igo/
dc.rights	World Bank
dc.subject	ACCESS TO FINANCE
dc.subject	ACCESS TO FINANCIAL SERVICES
dc.subject	ACCOUNTING
dc.subject	ADJUSTMENT POLICIES
dc.subject	ADVISERS
dc.subject	AGRICULTURE
dc.subject	ALLOCATION
dc.subject	ASYMMETRIC INFORMATION
dc.subject	BORROWING
dc.subject	BUSINESS CONSULTANTS
dc.subject	BUSINESS CYCLE
dc.subject	BUSINESS TRAINING
dc.subject	CAPITAL ACCUMULATION
dc.subject	CAPITAL FORMATION
dc.subject	CAPITAL INVESTMENT
dc.subject	CAPITALISM
dc.subject	CASH FLOWS
dc.subject	CITIES
dc.subject	COLLABORATION
dc.subject	COMMUNICATION NETWORKS
dc.subject	COMPARATIVE ADVANTAGE
dc.subject	COMPARATIVE ADVANTAGES
dc.subject	COMPARATIVE ANALYSIS
dc.subject	COMPARATIVE ECONOMICS
dc.subject	COMPETITIVE MARKET ENVIRONMENTS
dc.subject	CONSUMERS
dc.subject	CORRUPTION
dc.subject	CREDIT ACCESS
dc.subject	CREDIT ANALYSIS
dc.subject	CREDIT CONSTRAINTS
dc.subject	CREDIT MARKETS
dc.subject	CULTURAL CHANGE
dc.subject	DEVELOPMENT BANKS
dc.subject	DEVELOPMENT ECONOMICS
dc.subject	DEVELOPMENT POLICIES
dc.subject	DEVELOPMENT POLICY
dc.subject	DEVELOPMENT STRATEGY
dc.subject	DIVISION OF LABOR
dc.subject	ECONOMIC DEVELOPMENT
dc.subject	ECONOMIC GEOGRAPHY
dc.subject	ECONOMIC GROWTH
dc.subject	ECONOMIC HISTORY
dc.subject	ECONOMIC RESEARCH
dc.subject	EMPLOYMENT
dc.subject	ENDOWMENTS
dc.subject	ENGINEERS
dc.subject	ENTERPRISE DEVELOPMENT
dc.subject	ENTREPRENEUR
dc.subject	ENTREPRENEURS
dc.subject	EQUAL ACCESS
dc.subject	EXCHANGE CONTROL
dc.subject	EXTERNALITIES
dc.subject	FACILITATION
dc.subject	FAMILIES
dc.subject	FEMALE ENTREPRENEURSHIP
dc.subject	FINANCES
dc.subject	FINANCIAL INSTITUTIONS
dc.subject	FINANCIAL INTERMEDIARIES
dc.subject	FINANCIAL LITERACY
dc.subject	FINANCIAL MARKET
dc.subject	FINANCIAL MARKETS
dc.subject	FINANCIAL SECTOR
dc.subject	FOREIGN DIRECT INVESTMENT
dc.subject	FOREIGN DIRECT INVESTMENTS
dc.subject	FOREIGN FIRMS
dc.subject	FORMAL CREDITS
dc.subject	FREE PRESS
dc.subject	GOVERNMENT POLICIES
dc.subject	GROWTH THEORY
dc.subject	HOUSEHOLDS
dc.subject	HUMAN CAPITAL
dc.subject	INCOME
dc.subject	INCREASING RETURNS
dc.subject	INDUSTRIAL DEVELOPMENT
dc.subject	INDUSTRIAL ECONOMIES
dc.subject	INDUSTRIALIZATION
dc.subject	INNOVATION
dc.subject	INPUT PRICES
dc.subject	INTERNATIONAL BANK
dc.subject	INTERNATIONAL TRADE
dc.subject	INVENTIONS
dc.subject	INVENTORY
dc.subject	LABOR MANAGEMENT
dc.subject	LABOR MARKETS
dc.subject	LABOR PRODUCTIVITY
dc.subject	LACK OF CREDIT
dc.subject	LEARNING
dc.subject	LENDERS
dc.subject	LITERACY
dc.subject	MARGINAL PRODUCT
dc.subject	MARKET FAILURES
dc.subject	MERGERS
dc.subject	NEW BUSINESS
dc.subject	NEWLY INDUSTRIALIZED COUNTRIES
dc.subject	PER CAPITA INCOME
dc.subject	POLITICAL ECONOMY
dc.subject	PRIVATE SECTOR
dc.subject	PRODUCTIVITY
dc.subject	PROFITABILITY
dc.subject	PROPERTY RIGHTS
dc.subject	PROVISION OF CREDIT
dc.subject	PUBLIC GOODS
dc.subject	RATES OF RETURN
dc.subject	RELATIONAL CONTRACTING
dc.subject	SCALE EFFECT
dc.subject	SEARCH COSTS
dc.subject	SKILLED LABOR
dc.subject	SKILLED WORKERS
dc.subject	SMALL ENTERPRISES
dc.subject	SOCIAL CAPITAL
dc.subject	SOCIAL INFRASTRUCTURE
dc.subject	SPECIALIZATION
dc.subject	START-UP
dc.subject	STRUCTURAL CHANGE
dc.subject	SUPPLIERS
dc.subject	TAX
dc.subject	TECHNICIANS
dc.subject	TECHNOLOGY TRANSFER
dc.subject	TERM CREDIT
dc.subject	TOTAL OUTPUT
dc.subject	TRADE CREDIT
dc.subject	TRAINING PROGRAMS
dc.subject	TRANSACTION COSTS
dc.subject	URBAN DEVELOPMENT
dc.subject	VENTURE CAPITAL
dc.subject	VILLAGE
dc.subject	WEALTH
dc.subject	WEALTH OF NATIONS
dc.title	A Cluster-Based Industrial Development Policy for Low-Income Countries
dc.type	Publications & Research :: Policy Research Working Paper
dc.coverage	The World Region
dc.coverage	The World Region