The present paper analyzes how policy intervention should be designed so as to create industrialization. We focus on whether intervention should be targeted, promoting investment in specific firms or industries, or broad based, increasing the profitability of investment in general. Our main...

Markets for cash-crops in developing countries are typically characterized by a concentration of buyer power at different levels of the supply chain. For instance, small-scale coffee farmers sell their produce to a middleman, who in turn sells the coffee onward to an exporter, often a foreign...