The literature on clustering has highlighted several advantages of industrial agglomerations. Persons and firms benefit from the production and innovation activities of neighbouring companies in the same and related industries. Considering such benefits, which are viewed as positive...

I study the impact of industrial policy on industrial development by considering an important episode during the East Asian miracle: South Korea’s heavy and chemical industry (HCI) drive, 1973–1979. Based on newly assembled data, I use the introduction and termination of industrial policies...

Pakistan's growth strategy for the economy, as outlined in the 2011 framework for economic growth, calls for reinvigorating the industrial sector and increasing exports. The industrial structure of the country has not experienced any significant changes in the past thirty years. Inadequate...