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The Practice of Industrial Policy - Government-Business Coordination in Africa and East Asia (Hardcover)
Loot Price: R3,431
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The Practice of Industrial Policy - Government-Business Coordination in Africa and East Asia (Hardcover)
Series: WIDER Studies in Development Economics
Expected to ship within 12 - 19 working days
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This is an open access title available under the terms of a CC
BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship
Online and offered as a free PDF download from OUP and selected
open access locations. Much of the information relevant to policy
formulation for industrial development is held by the private
sector, not by public officials. There is therefore fairly broad
agreement in the development literature that some form of
structured engagement - often referred to as close or strategic
coordination - between the public and private sectors is needed,
both to assist in the design of appropriate policies and to provide
feedback on their implementation. There is less agreement on how
that engagement should be structured, how its objectives should be
defined, and how success should be measured. In fact, the academic
literature on close coordination provides little practical guidance
on how governments interested in developing a framework for
government-business engagement should go about doing it. The burden
of this lack of guidance falls most heavily on Africa, where -
despite 20 years of growth - lack of structural transformation has
slowed job creation and the pace of poverty reduction.
Increasingly, African governments are seeking to design and
implement policies to encourage the more rapid growth of high
productivity industries and in the process confronting the need to
engage constructively with the private sector. These efforts have
met with mixed results. For sustained success in structural
transformation, new policies and new approaches to
government-business coordination will be needed. In 2014 the Korea
International Cooperation Agency and UNU-WIDER launched a joint
research project on 'The Practice of Industrial Policy'. The
objective of the project was to help African policy-makers develop
better coordination between the public and private sectors in order
to identify the constraints to faster structural transformation and
to design, implement, and monitor policies to remove them. This
book, written by national researchers and international experts,
presents the results of that research.
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