Industrial Development for the 21st Century

Contents: Foreword/JoAnne DiSano. Acknowledgements. Introduction/Jose Antonio Ocampo. I. New frontiers and challenges: 1. Industrial development: some stylized facts and policy directions/Dani Rodrik. 2. Technology, globalization, and international competitiveness: challenges for developing countries/Carl Dahlman. 3. Developing country multinationals: South-South investment comes of age/Dilek Aykut and Andrea Goldstein. II. Sector Studies: 4. Natural resource-based industries: prospects for Africa's agriculture/Monica Kjollerstrom and Kledia Dallto. 5. The textiles and clothing industry: adjusting to a post quota world/Ratnakar Adhikari and Yumiko Yamamoto. 6. Services-led industrialization in India: assessment and lessons/Nirvikar Singh. III. Social and environmental dimensions of industrial development: 7. Industrial development and economic growth: implications for poverty reduction and income inequality/Matleena Kniivila. 8. Industrial energy and materials efficiency: what role for policies?/Mohan Peck and Ralph Chipman. 9. From supply chains to value chains: a spotlight on CSR/Malika Bhandarkar and Tarcisio Alvarez-Rivero. The way forward: 10. Policy lessons for 21st century industrializers/David O'Connor.

"With very few exceptions, industrial development has been central to the process of structural transformation which characterizes economic development. Industrial Development for the 21st Century examines the new challenges and opportunities arising from globalization, technological change, new international trade rules and emerging global environment challenges.

The first part provides key analytical perspectives and empirical evidence on industrial development, while the second part focuses on key sectors with potential for developing countries. Two key themes emerge. First, traditional points of entry for late industrializers--like textiles and clothing -- have become even more intensely competitive than ever before, requiring more innovative adaptive strategies for success.

Second, countries now recognize that manufacturing does not exhaust the opportunities for producing high-value-added goods and services for international market. Knowledge intensity is increasing across all spheres of economic activity, including agriculture and services, which can offer promising development paths for some developing countries.

The final section addresses social and environmental aspects of industrial development. Labour-intensive patterns, but not necessarily others, of industrial development can be highly effective in poverty reduction though further industrial progress may be less labour-intensive.

A range of policies can promote industrial energy and materials efficiency, often with positive impacts on firms' financial performance as well as the environment. Promoting materials recycling and reuse is an effective, though indirect, means of conserving resources.

Finally, the growth of multinational interest in corporate social responsibility is traced, with consideration given to both the barriers and opportunities this can pose for developing country enterprises linked to global supply chains."