Overview and Insights
Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
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Overview and Insights. / Page, John; Tarp, Finn.
The Practice of Industrial Policy: Government-Business Coordination in Africa and East Asia. ed. / John Page; Finn Tarp. Oxford University Press, 2017. p. 1-20 (WIDER Studies in Development Economics).Research output: Chapter in Book/Report/Conference proceeding › Book chapter › Research › peer-review
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TY - CHAP
T1 - Overview and Insights
AU - Page, John
AU - Tarp, Finn
PY - 2017
Y1 - 2017
N2 - There is increasing recognition that the market imperfections on which theoretical arguments for industrial policies rest are widespread in low-income countries, and that well-designed government policies can contribute to improved economic outcomes. There is also greater understanding that the private sector has a central role to play in formulating and implementing industrial policy. Because much of the information relevant to policy-making is held by firms, 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 public actions and to provide effective feedback on their implementation. This introductory chapter provides an overview of common themes and outlines a set of forward-looking ideas for strengthening public–private coordination in Africa. It argues that these ideas must form part of any development agenda for Africa in the years to come.
AB - There is increasing recognition that the market imperfections on which theoretical arguments for industrial policies rest are widespread in low-income countries, and that well-designed government policies can contribute to improved economic outcomes. There is also greater understanding that the private sector has a central role to play in formulating and implementing industrial policy. Because much of the information relevant to policy-making is held by firms, 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 public actions and to provide effective feedback on their implementation. This introductory chapter provides an overview of common themes and outlines a set of forward-looking ideas for strengthening public–private coordination in Africa. It argues that these ideas must form part of any development agenda for Africa in the years to come.
KW - Faculty of Social Sciences
KW - Africa
KW - industrial policy
KW - Low-income countries
KW - strategic coordination
KW - development agenda
KW - public and private sectors
U2 - 10.1093/acprof:oso/9780198796954.003.0001
DO - 10.1093/acprof:oso/9780198796954.003.0001
M3 - Book chapter
SN - 9780198796954
T3 - WIDER Studies in Development Economics
SP - 1
EP - 20
BT - The Practice of Industrial Policy
A2 - Page, John
A2 - Tarp, Finn
PB - Oxford University Press
ER -
ID: 171616078