Cluster-Based Industrial Parks : A Practical Framework for Action

They are being hailed as the new Holy Grail of economic development. The success of special economic zones (SEZ) in general and specialized ones in particular (industrial and technology parks) in countries as diverse as Australia, Denmark, Sweden, Germany, Switzerland, Ireland, Japan, the United Kingdom, the United States, and more recently, China; Korea; Taiwan, China; or Mauritius, has led several African leaders to launch new similar initiatives. This paper establishes a common point of reference for those who believe in the virtues of SEZs, explains why the many existing ones have not delivered the expected outcomes, and summarizes the key issues on the agenda. It then suggests cluster-based industrial parks as the most effective tool for developing competitive industries and generating employment, and provides some practical guidance to development practitioners and policymakers on the road ahead.

Bibliographic Details

Main Author:	Monga, Célestin
Language:	English
Published:	2011-12-01
Subjects:	ACCOUNTING, ADMINISTRATIVE CONTROLS, ADVANCED COUNTRIES, ADVANCED ECONOMIES, AGRICULTURE, BARRIERS TO ENTRY, BOND MARKET, BONDED WAREHOUSE, BUSINESS ENVIRONMENT, BUSINESS ENVIRONMENTS, BUSINESS OPPORTUNITIES, BUSINESS PRACTICES, CAPITAL ACCUMULATION, CAPITAL INTENSITY, CAPITAL MARKETS, COMMODITY, COMMODITY PRICES, COMPARATIVE ADVANTAGE, COMPARATIVE ADVANTAGES, COMPETITIVE MARKET, COMPETITIVENESS, CONFLICT OF INTEREST, CONSUMERS, CREDIBILITY, CURRENCY, CURRENCY DEVALUATIONS, DEVALUATIONS, DEVELOPING COUNTRIES, DEVELOPING COUNTRY, DEVELOPMENT BANK, DEVELOPMENT ECONOMICS, DEVELOPMENT INSTITUTIONS, DEVELOPMENT POLICY, DEVELOPMENT STRATEGIES, DIVIDENDS, DOMESTIC ECONOMY, DOMESTIC MARKETS, DRIVERS, ECONOMIC ACTIVITY, ECONOMIC BENEFITS, ECONOMIC DEVELOPMENT, ECONOMIC DOWNTURN, ECONOMIC GEOGRAPHY, ECONOMIC GROWTH, ECONOMIC HISTORY, ECONOMIC PERFORMANCE, ECONOMIC POLICIES, ECONOMIC PROGRESS, ECONOMIC THEORY, ECONOMIES OF SCALE, ELASTICITY, EMERGING ECONOMIES, EMPIRICAL STUDIES, ENVIRONMENTS, EXPENDITURE, EXPENDITURES, EXPORT BASE, EXPORT GROWTH, EXPORTS, EXTERNALITIES, EXTERNALITY, FINANCIAL RESOURCES, FINANCIAL SERVICES, FINANCIAL SUPPORT, FINANCING ARRANGEMENTS, FOREIGN DIRECT INVESTMENT, FOREIGN EXCHANGE, FOREIGN FIRM, FOREIGN FIRMS, FOREIGN INVESTMENT, FOREIGN INVESTORS, FREE TRADE, GDP, GLOBAL ECONOMY, GLOBAL MARKET, GLOBAL MARKETS, GLOBAL TRADE, GLOBALIZATION, GOVERNANCE ISSUES, GOVERNMENT INTERVENTION, GROWTH RATES, HARMONIZATION, HUMAN CAPITAL, INCOME, INCOME LEVEL, INCOME TAX, INDIVIDUAL FIRMS, INDUSTRIALIZATION, INEFFICIENCY, INFORMATION FLOW, INFRASTRUCTURE PROJECTS, INNOVATION, INNOVATIONS, INSTITUTIONAL CONSTRAINTS, INTANGIBLE, INTERMEDIATE INPUTS, INTERNATIONAL BANK, INTERNATIONAL COMMERCE, INTERNATIONAL MARKETS, INVESTMENT CLIMATE, INVESTMENT CLIMATE REFORMS, JOB CREATION, LABOR FORCE, LABOR LAWS, LABOR POLICIES, LABOR REGULATIONS, LABOR STANDARDS, LAND PARCELS, LAND REFORMS, LEGAL FRAMEWORK, LETTERS OF CREDIT, LIVING STANDARDS, LOCAL BUSINESS, LOCAL GOVERNMENTS, LOW-INCOME ECONOMIES, MACROECONOMIC MANAGEMENT, MACROECONOMIC POLICIES, MACROECONOMICS, MARKET STANDARDS, MIDDLE-INCOME COUNTRIES, MINIMUM WAGE, MUNICIPAL BOND, MUNICIPAL BOND MARKET, NATIONAL ECONOMIES, NATIONAL ECONOMY, NET EXPORTS, PERSONAL INCOME, POLICY ENVIRONMENT, POLITICAL CONSIDERATIONS, POLITICAL ECONOMY, POTENTIAL INVESTORS, PRIVATE INVESTMENT, PRIVATE SECTOR DEVELOPMENT, PRIVATIZATION, PRODUCERS, PRODUCTIVITY, PRODUCTIVITY GROWTH, PRODUCTIVITY INCREASES, PROPERTY RIGHTS, PUBLIC FINANCE, PUBLIC INVESTMENT, PUBLIC SPENDING, PUBLIC-PRIVATE PARTNERSHIPS, QUALITY STANDARDS, RAPID DEVELOPMENT, RECURRENT EXPENDITURES, RED TAPE, REGULATORY AGENCIES, REMOTE AREAS, RENT SEEKING, RENTS, SAFETY, SERVANTS, SKILLED LABOR, SMALL BUSINESS, SMALL BUSINESSES, STRUCTURAL CHANGE, SUPPLIERS, SUSTAINABLE GROWTH, TAX CREDIT, TAX RATES, TAX REVENUE, TECHNICAL ASSISTANCE, TECHNOLOGY TRANSFER, TELECOMMUNICATIONS, TRADE POLICIES, TRADE UNIONS, TRANSACTION, TRANSACTION COSTS, UNDERDEVELOPED CAPITAL MARKETS, UNEMPLOYMENT, UNSKILLED WORKERS, VALUE ADDED, WAGES, WORLD ECONOMY, WORLD MARKET, WTO,
Online Access:	http://www-wds.worldbank.org/external/default/main?menuPK=64187510&pagePK=64193027&piPK=64187937&theSitePK=523679&menuPK=64187510&searchMenuPK=64187283&siteName=WDS&entityID=000158349_20111206131502 https://hdl.handle.net/10986/3667
Tags:	Add Tag No Tags, Be the first to tag this record!