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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.
Original languageEnglish
Title of host publicationThe Practice of Industrial Policy : Government-Business Coordination in Africa and East Asia
EditorsJohn Page, Finn Tarp
PublisherOxford University Press
Publication date2017
Pages1-20
Chapter1
ISBN (Print)9780198796954
DOIs
Publication statusPublished - 2017
SeriesWIDER Studies in Development Economics

    Research areas

  • Faculty of Social Sciences - Africa, industrial policy, Low-income countries, strategic coordination, development agenda, public and private sectors

ID: 171616078