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Books > Business & Economics > Business & management > Ownership & organization of enterprises
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Rethinking Productive Development - Sound Policies and Institutions for Economic Transformation (Hardcover)
Loot Price: R3,594
Discovery Miles 35 940
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Rethinking Productive Development - Sound Policies and Institutions for Economic Transformation (Hardcover)
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Productive transformation requires seizing the opportunities
available and opening new ones in a competitive world. Rethinking
Productive Development examines the market failures impeding
transformation and the government failures that may make the policy
remedies worse than the market illness. To address market failures,
the authors propose a simple conceptual framework based on the
scope and nature of the policy approach. They then systematically
analyze country policies through this lens in key areas such as
innovation, new firms, financing, human capital, and
internationalization to show the power of this way of thinking.
Still, the book warns that policymakers cannot be sure what the
right policy interventions are and must set up a process to
discover them that calls for public-private collaboration.
Recognizing that the risk of capture needs to be checked and that
even the best policies will fail without the technical,
organizational, and political capacity to implement them, the book
concludes with ideas on how to design institutions fostering the
right incentives and how to grow public sector capabilities over
time.
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