Cluster-Based Industrial Parks : A Practical Framework for Action

They are being hailed as the new Holy Grail of economic development. The success of special economic zones (SEZ) in general and specialized ones in particular (industrial and technology parks) in countries as diverse as Australia, Denmark, Sweden,...

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Bibliographic Details
Main Author:	Monga, Célestin
Format:	Policy Research Working Paper
Language:	English
Published:	2012
Subjects:	ACCOUNTING ADMINISTRATIVE CONTROLS ADVANCED COUNTRIES ADVANCED ECONOMIES AGRICULTURE BARRIERS TO ENTRY BOND MARKET BONDED WAREHOUSE BUSINESS ENVIRONMENT BUSINESS ENVIRONMENTS BUSINESS OPPORTUNITIES BUSINESS PRACTICES CAPITAL ACCUMULATION CAPITAL INTENSITY CAPITAL MARKETS COMMODITY COMMODITY PRICES COMPARATIVE ADVANTAGE COMPARATIVE ADVANTAGES COMPETITIVE MARKET COMPETITIVENESS CONFLICT OF INTEREST CONSUMERS CREDIBILITY CURRENCY CURRENCY DEVALUATIONS DEVALUATIONS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT BANK DEVELOPMENT ECONOMICS DEVELOPMENT INSTITUTIONS DEVELOPMENT POLICY DEVELOPMENT STRATEGIES DIVIDENDS DOMESTIC ECONOMY DOMESTIC MARKETS DRIVERS ECONOMIC ACTIVITY ECONOMIC BENEFITS ECONOMIC DEVELOPMENT ECONOMIC DOWNTURN ECONOMIC GEOGRAPHY ECONOMIC GROWTH ECONOMIC HISTORY ECONOMIC PERFORMANCE ECONOMIC POLICIES ECONOMIC PROGRESS ECONOMIC THEORY ECONOMIES OF SCALE ELASTICITY EMERGING ECONOMIES EMPIRICAL STUDIES ENVIRONMENTS EXPENDITURE EXPENDITURES EXPORT BASE EXPORT GROWTH EXPORTS EXTERNALITIES EXTERNALITY FINANCIAL RESOURCES FINANCIAL SERVICES FINANCIAL SUPPORT FINANCING ARRANGEMENTS FOREIGN DIRECT INVESTMENT FOREIGN EXCHANGE FOREIGN FIRM FOREIGN FIRMS FOREIGN INVESTMENT FOREIGN INVESTORS FREE TRADE GDP GLOBAL ECONOMY GLOBAL MARKET GLOBAL MARKETS GLOBAL TRADE GLOBALIZATION GOVERNANCE ISSUES GOVERNMENT INTERVENTION GROWTH RATES HARMONIZATION HUMAN CAPITAL INCOME INCOME LEVEL INCOME TAX INDIVIDUAL FIRMS INDUSTRIALIZATION INEFFICIENCY INFORMATION FLOW INFRASTRUCTURE PROJECTS INNOVATION INNOVATIONS INSTITUTIONAL CONSTRAINTS INTANGIBLE INTERMEDIATE INPUTS INTERNATIONAL BANK INTERNATIONAL COMMERCE INTERNATIONAL MARKETS INVESTMENT CLIMATE INVESTMENT CLIMATE REFORMS JOB CREATION LABOR FORCE LABOR LAWS LABOR POLICIES LABOR REGULATIONS LABOR STANDARDS LAND PARCELS LAND REFORMS LEGAL FRAMEWORK LETTERS OF CREDIT LIVING STANDARDS LOCAL BUSINESS LOCAL GOVERNMENTS LOW-INCOME ECONOMIES MACROECONOMIC MANAGEMENT MACROECONOMIC POLICIES MACROECONOMICS MARKET STANDARDS MIDDLE-INCOME COUNTRIES MINIMUM WAGE MUNICIPAL BOND MUNICIPAL BOND MARKET NATIONAL ECONOMIES NATIONAL ECONOMY NET EXPORTS PERSONAL INCOME POLICY ENVIRONMENT POLITICAL CONSIDERATIONS POLITICAL ECONOMY POTENTIAL INVESTORS PRIVATE INVESTMENT PRIVATE SECTOR DEVELOPMENT PRIVATIZATION PRODUCERS PRODUCTIVITY PRODUCTIVITY GROWTH PRODUCTIVITY INCREASES PROPERTY RIGHTS PUBLIC FINANCE PUBLIC INVESTMENT PUBLIC SPENDING PUBLIC-PRIVATE PARTNERSHIPS QUALITY STANDARDS RAPID DEVELOPMENT RECURRENT EXPENDITURES RED TAPE REGULATORY AGENCIES REMOTE AREAS RENT SEEKING RENTS SAFETY SERVANTS SKILLED LABOR SMALL BUSINESS SMALL BUSINESSES STRUCTURAL CHANGE SUPPLIERS SUSTAINABLE GROWTH TAX CREDIT TAX RATES TAX REVENUE TECHNICAL ASSISTANCE TECHNOLOGY TRANSFER TELECOMMUNICATIONS TRADE POLICIES TRADE UNIONS TRANSACTION TRANSACTION COSTS UNDERDEVELOPED CAPITAL MARKETS UNEMPLOYMENT UNSKILLED WORKERS VALUE ADDED WAGES WORLD ECONOMY WORLD MARKET WTO
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_20111206131502 http://hdl.handle.net/10986/3667

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Summary:	They are being hailed as the new Holy Grail of economic development. The success of special economic zones (SEZ) in general and specialized ones in particular (industrial and technology parks) in countries as diverse as Australia, Denmark, Sweden, Germany, Switzerland, Ireland, Japan, the United Kingdom, the United States, and more recently, China; Korea; Taiwan, China; or Mauritius, has led several African leaders to launch new similar initiatives. This paper establishes a common point of reference for those who believe in the virtues of SEZs, explains why the many existing ones have not delivered the expected outcomes, and summarizes the key issues on the agenda. It then suggests cluster-based industrial parks as the most effective tool for developing competitive industries and generating employment, and provides some practical guidance to development practitioners and policymakers on the road ahead.

Cluster-Based Industrial Parks : A Practical Framework for Action

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