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Innovation and Cluster Development

Tetsushi Sonobe and Keijiro Otsuka ()

Chapter 2 in Cluster-Based Industrial Development, 2014, pp 17-36 from Palgrave Macmillan

Abstract: Abstract While policymakers in developing countries are eager to develop industries for job creation and poverty reduction, they are unaware of effective strategies to support industrial development. Surprisingly, neither international development organizations nor donor communities have provided useful recommendations for successful industrial development, even though the World Bank’s (2012) World Development Report 2013 and African Development Bank and OECD Development Centre’s (2012) African Development Outlook 2012, among others, emphasize the importance of creating jobs through industrial development. In our view, the root cause for such a situation is the inability to identify the major market failures that constrain the development of industries.

Keywords: Foreign Direct Investment; Industrial Cluster; Garment Industry; Cluster Development; Marketing Channel (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-38511-6_2

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DOI: 10.1057/9781137385116_2

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