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Industrial policy has attracted considerable controversy in the development context. This paper makes a case for a pragmatic and limited approach to interventions as a means of stimulating industrialization in the context of current and future challenges facing newly industrializing economies....
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Industry and development -- Engine of growth -- Trade and efficiency -- Globalisation and industrialisation -- Technology and industrialisation -- Small scale industry : sink or seedbed? -- Industrial policy and the East Asian miracle -- Giants awakened : India and China.
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