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| Title | Supporting Industrial Development: Overcoming Market Failures and Providing Public Goods |
| Abstract | The principal aims of this report are to identify the contributions provided by public goods to an industrial development strategy, and to clarify the role of UNIDO in supporting the provision of public goods associated with industrial policy. After considering how globalization has affected the concept of industry and the nature of industrial policy, the report examines the possible sources of market failure in industrial development and identifies possible roles of the public sector in overcoming those failures. Effective industrial policy exhibits features in the form of public goods, providing both for coordination among investors and for activities that address market failures associated with access to credit, appropriate technology and skilled labour. Public intervention can ensure that the appropriate levels of research, training and dissemination of information are achieved. Moreover, public support can ensure the diffusion and adoption of cleaner technologies that provide environmental benefits and support the sustainability of industrial development. |
| Date | 2005 |
| Language(s) | English |
| Pages | 102 pages (Summary 26 pages) |
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Report(102 pages/413 Kb) Download the Summary(26 pages/195 Kb) |