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

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, th...

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Main Authors: Otsuka, Keijiro, Sonobe, Tetsushi
Format: Policy Research Working Paper
Language:English
Published: 2012
Subjects:
TAX
Online Access: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
http://hdl.handle.net/10986/3467
id okr-10986-3467
recordtype oai_dc
spelling okr-10986-34672021-04-23T14:02:10Z A Cluster-Based Industrial Development Policy for Low-Income Countries Otsuka, Keijiro Sonobe, Tetsushi ACCESS TO FINANCE ACCESS TO FINANCIAL SERVICES ACCOUNTING ADJUSTMENT POLICIES ADVISERS AGRICULTURE ALLOCATION ASYMMETRIC INFORMATION BORROWING BUSINESS CONSULTANTS BUSINESS CYCLE BUSINESS TRAINING CAPITAL ACCUMULATION CAPITAL FORMATION CAPITAL INVESTMENT CAPITALISM CASH FLOWS CITIES COLLABORATION COMMUNICATION NETWORKS COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPARATIVE ANALYSIS COMPARATIVE ECONOMICS COMPETITIVE MARKET ENVIRONMENTS CONSUMERS CORRUPTION CREDIT ACCESS CREDIT ANALYSIS CREDIT CONSTRAINTS CREDIT MARKETS CULTURAL CHANGE DEVELOPMENT BANKS DEVELOPMENT ECONOMICS DEVELOPMENT POLICIES DEVELOPMENT POLICY DEVELOPMENT STRATEGY DIVISION OF LABOR ECONOMIC DEVELOPMENT ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC RESEARCH EMPLOYMENT ENDOWMENTS ENGINEERS ENTERPRISE DEVELOPMENT ENTREPRENEUR ENTREPRENEURS EQUAL ACCESS EXCHANGE CONTROL EXTERNALITIES FACILITATION FAMILIES FEMALE ENTREPRENEURSHIP FINANCES FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL LITERACY FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL SECTOR FOREIGN DIRECT INVESTMENT FOREIGN DIRECT INVESTMENTS FOREIGN FIRMS FORMAL CREDITS FREE PRESS GOVERNMENT POLICIES GROWTH THEORY HOUSEHOLDS HUMAN CAPITAL INCOME INCREASING RETURNS INDUSTRIAL DEVELOPMENT INDUSTRIAL ECONOMIES INDUSTRIALIZATION INNOVATION INPUT PRICES INTERNATIONAL BANK INTERNATIONAL TRADE INVENTIONS INVENTORY LABOR MANAGEMENT LABOR MARKETS LABOR PRODUCTIVITY LACK OF CREDIT LEARNING LENDERS LITERACY MARGINAL PRODUCT MARKET FAILURES MERGERS NEW BUSINESS NEWLY INDUSTRIALIZED COUNTRIES PER CAPITA INCOME POLITICAL ECONOMY PRIVATE SECTOR PRODUCTIVITY PROFITABILITY PROPERTY RIGHTS PROVISION OF CREDIT PUBLIC GOODS RATES OF RETURN RELATIONAL CONTRACTING SCALE EFFECT SEARCH COSTS SKILLED LABOR SKILLED WORKERS SMALL ENTERPRISES SOCIAL CAPITAL SOCIAL INFRASTRUCTURE SPECIALIZATION START-UP STRUCTURAL CHANGE SUPPLIERS TAX TECHNICIANS TECHNOLOGY TRANSFER TERM CREDIT TOTAL OUTPUT TRADE CREDIT TRAINING PROGRAMS TRANSACTION COSTS URBAN DEVELOPMENT VENTURE CAPITAL VILLAGE WEALTH WEALTH OF NATIONS 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. 2012-03-19T18:02:59Z 2012-03-19T18:02:59Z 2011-06-01 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 http://hdl.handle.net/10986/3467 English Policy Research working paper ; no. WPS 5703 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Publications & Research :: Policy Research Working Paper The World Region The World Region
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic ACCESS TO FINANCE
ACCESS TO FINANCIAL SERVICES
ACCOUNTING
ADJUSTMENT POLICIES
ADVISERS
AGRICULTURE
ALLOCATION
ASYMMETRIC INFORMATION
BORROWING
BUSINESS CONSULTANTS
BUSINESS CYCLE
BUSINESS TRAINING
CAPITAL ACCUMULATION
CAPITAL FORMATION
CAPITAL INVESTMENT
CAPITALISM
CASH FLOWS
CITIES
COLLABORATION
COMMUNICATION NETWORKS
COMPARATIVE ADVANTAGE
COMPARATIVE ADVANTAGES
COMPARATIVE ANALYSIS
COMPARATIVE ECONOMICS
COMPETITIVE MARKET ENVIRONMENTS
CONSUMERS
CORRUPTION
CREDIT ACCESS
CREDIT ANALYSIS
CREDIT CONSTRAINTS
CREDIT MARKETS
CULTURAL CHANGE
DEVELOPMENT BANKS
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICIES
DEVELOPMENT POLICY
DEVELOPMENT STRATEGY
DIVISION OF LABOR
ECONOMIC DEVELOPMENT
ECONOMIC GEOGRAPHY
ECONOMIC GROWTH
ECONOMIC HISTORY
ECONOMIC RESEARCH
EMPLOYMENT
ENDOWMENTS
ENGINEERS
ENTERPRISE DEVELOPMENT
ENTREPRENEUR
ENTREPRENEURS
EQUAL ACCESS
EXCHANGE CONTROL
EXTERNALITIES
FACILITATION
FAMILIES
FEMALE ENTREPRENEURSHIP
FINANCES
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL LITERACY
FINANCIAL MARKET
FINANCIAL MARKETS
FINANCIAL SECTOR
FOREIGN DIRECT INVESTMENT
FOREIGN DIRECT INVESTMENTS
FOREIGN FIRMS
FORMAL CREDITS
FREE PRESS
GOVERNMENT POLICIES
GROWTH THEORY
HOUSEHOLDS
HUMAN CAPITAL
INCOME
INCREASING RETURNS
INDUSTRIAL DEVELOPMENT
INDUSTRIAL ECONOMIES
INDUSTRIALIZATION
INNOVATION
INPUT PRICES
INTERNATIONAL BANK
INTERNATIONAL TRADE
INVENTIONS
INVENTORY
LABOR MANAGEMENT
LABOR MARKETS
LABOR PRODUCTIVITY
LACK OF CREDIT
LEARNING
LENDERS
LITERACY
MARGINAL PRODUCT
MARKET FAILURES
MERGERS
NEW BUSINESS
NEWLY INDUSTRIALIZED COUNTRIES
PER CAPITA INCOME
POLITICAL ECONOMY
PRIVATE SECTOR
PRODUCTIVITY
PROFITABILITY
PROPERTY RIGHTS
PROVISION OF CREDIT
PUBLIC GOODS
RATES OF RETURN
RELATIONAL CONTRACTING
SCALE EFFECT
SEARCH COSTS
SKILLED LABOR
SKILLED WORKERS
SMALL ENTERPRISES
SOCIAL CAPITAL
SOCIAL INFRASTRUCTURE
SPECIALIZATION
START-UP
STRUCTURAL CHANGE
SUPPLIERS
TAX
TECHNICIANS
TECHNOLOGY TRANSFER
TERM CREDIT
TOTAL OUTPUT
TRADE CREDIT
TRAINING PROGRAMS
TRANSACTION COSTS
URBAN DEVELOPMENT
VENTURE CAPITAL
VILLAGE
WEALTH
WEALTH OF NATIONS
spellingShingle ACCESS TO FINANCE
ACCESS TO FINANCIAL SERVICES
ACCOUNTING
ADJUSTMENT POLICIES
ADVISERS
AGRICULTURE
ALLOCATION
ASYMMETRIC INFORMATION
BORROWING
BUSINESS CONSULTANTS
BUSINESS CYCLE
BUSINESS TRAINING
CAPITAL ACCUMULATION
CAPITAL FORMATION
CAPITAL INVESTMENT
CAPITALISM
CASH FLOWS
CITIES
COLLABORATION
COMMUNICATION NETWORKS
COMPARATIVE ADVANTAGE
COMPARATIVE ADVANTAGES
COMPARATIVE ANALYSIS
COMPARATIVE ECONOMICS
COMPETITIVE MARKET ENVIRONMENTS
CONSUMERS
CORRUPTION
CREDIT ACCESS
CREDIT ANALYSIS
CREDIT CONSTRAINTS
CREDIT MARKETS
CULTURAL CHANGE
DEVELOPMENT BANKS
DEVELOPMENT ECONOMICS
DEVELOPMENT POLICIES
DEVELOPMENT POLICY
DEVELOPMENT STRATEGY
DIVISION OF LABOR
ECONOMIC DEVELOPMENT
ECONOMIC GEOGRAPHY
ECONOMIC GROWTH
ECONOMIC HISTORY
ECONOMIC RESEARCH
EMPLOYMENT
ENDOWMENTS
ENGINEERS
ENTERPRISE DEVELOPMENT
ENTREPRENEUR
ENTREPRENEURS
EQUAL ACCESS
EXCHANGE CONTROL
EXTERNALITIES
FACILITATION
FAMILIES
FEMALE ENTREPRENEURSHIP
FINANCES
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL LITERACY
FINANCIAL MARKET
FINANCIAL MARKETS
FINANCIAL SECTOR
FOREIGN DIRECT INVESTMENT
FOREIGN DIRECT INVESTMENTS
FOREIGN FIRMS
FORMAL CREDITS
FREE PRESS
GOVERNMENT POLICIES
GROWTH THEORY
HOUSEHOLDS
HUMAN CAPITAL
INCOME
INCREASING RETURNS
INDUSTRIAL DEVELOPMENT
INDUSTRIAL ECONOMIES
INDUSTRIALIZATION
INNOVATION
INPUT PRICES
INTERNATIONAL BANK
INTERNATIONAL TRADE
INVENTIONS
INVENTORY
LABOR MANAGEMENT
LABOR MARKETS
LABOR PRODUCTIVITY
LACK OF CREDIT
LEARNING
LENDERS
LITERACY
MARGINAL PRODUCT
MARKET FAILURES
MERGERS
NEW BUSINESS
NEWLY INDUSTRIALIZED COUNTRIES
PER CAPITA INCOME
POLITICAL ECONOMY
PRIVATE SECTOR
PRODUCTIVITY
PROFITABILITY
PROPERTY RIGHTS
PROVISION OF CREDIT
PUBLIC GOODS
RATES OF RETURN
RELATIONAL CONTRACTING
SCALE EFFECT
SEARCH COSTS
SKILLED LABOR
SKILLED WORKERS
SMALL ENTERPRISES
SOCIAL CAPITAL
SOCIAL INFRASTRUCTURE
SPECIALIZATION
START-UP
STRUCTURAL CHANGE
SUPPLIERS
TAX
TECHNICIANS
TECHNOLOGY TRANSFER
TERM CREDIT
TOTAL OUTPUT
TRADE CREDIT
TRAINING PROGRAMS
TRANSACTION COSTS
URBAN DEVELOPMENT
VENTURE CAPITAL
VILLAGE
WEALTH
WEALTH OF NATIONS
Otsuka, Keijiro
Sonobe, Tetsushi
A Cluster-Based Industrial Development Policy for Low-Income Countries
geographic_facet The World Region
The World Region
relation Policy Research working paper ; no. WPS 5703
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.
format Publications & Research :: Policy Research Working Paper
author Otsuka, Keijiro
Sonobe, Tetsushi
author_facet Otsuka, Keijiro
Sonobe, Tetsushi
author_sort Otsuka, Keijiro
title A Cluster-Based Industrial Development Policy for Low-Income Countries
title_short A Cluster-Based Industrial Development Policy for Low-Income Countries
title_full A Cluster-Based Industrial Development Policy for Low-Income Countries
title_fullStr A Cluster-Based Industrial Development Policy for Low-Income Countries
title_full_unstemmed A Cluster-Based Industrial Development Policy for Low-Income Countries
title_sort cluster-based industrial development policy for low-income countries
publishDate 2012
url 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
http://hdl.handle.net/10986/3467
_version_ 1764387047827570688