The practice of industrial policy : government-business coordination in Africa and East Asia /
edited by John Page and Finn Tarp ; a study prepared by the United Nations University World Institute for Development Economics Research (UNU-WIDER).
- First edition.
- 1 online resource (xxv, 304 pages): illustrations ; 25 cm
Includes bibliographical references and index.
1. Overview and insights / John Page and Finn Tarp -- Part I. Coordination and industrial policy --- 2. Industrial policy, learning, and development / Joseph E. Stiglitz -- 3. Coordination through an Asian lens / Justin Yifu Lin and Khuong Minh Vu -- 4. State-business relations as drivers of economic performance / Alberto Lemma and Dirk Willem te Velde -- 5. State capability and prospects for close coordination: considerations for industrial policy in Africa / Rachel M. Gisselquist -- Part II. Coordination mechanisms in Asia -- 6. Korea's evolving business-government relationship / Eun Mee Kim -- 7. The industrial policy experience of the electronics Industry in Malaysia / Rajah Rasiah -- 8. Case studies of decentralized coordination in China / Hinh T. Dinh -- 9. The political economy of industrial development in Viet Nam: impact of state-business relationship on industrial performance, 1986-2013 / Tu-Anh Vu-Thanh -- Part III. Building coordination in Africa -- 10. A natural experiment of industrial policy: floriculture and the metal and engineering industries in Ethiopia, Mulu Gebreeyesus -- 11. Policy coordination and growth traps in a middle-income country setting: the case of South Africa / Haroon Bhorat, Aalia Cassim, and Alan Hirsch -- 12. Special economic zones in Africa: political economy challenges and solutions / Thomas Farole and Lotta Moberg -- 13. Ghana's rxperiments with business-government coordination / Ernest Aryeetey and Nkechi S. Owoo -- 14. Importing coordination: Africa's Presidential Investors' Advisory Councils / John Page.
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.