This paper argues that, with the removal of international sanctions and the opening up of the economy, fostering economic activity and facilitating investment in new and more productive industries will best facilitate inclusive economic growth in Myanmar. With a perspective that emphasizes the...

This paper approaches inclusive development in South and South-West Asia through the framework of structural transformation and productive capacities. It discusses the opportunities for these countries to build their productive capacities through product diversification and presents a list of...

What is the relationship between foreign manufacturing multinational corporations (MNCs) and the expansion of indigenous technological and managerial technological capabilities among Chinese firms? China has been remarkably successful in designing industrial policies, joint venture requirements,...

This paper discusses Uzbekistan's recent experience with structural shifts and industrial policy, with a particular focus on various industry policy instruments, and its implications for the existing theories of industrial policy. In particular, two major hypotheses are discussed: (1) the...

The experience of India in economic catch-up is unique when compared to other countries. First, the catch-up process of India was not only service-led, but also accompanied by a decoupling between manufacturing and services. Second, productivity performance in the service sector was higher than...

The report investigates the role of government programmes in strengthening SMEs’ resilience to external shocks, by focusing on SME digitalisation policies implemented in Korea during the COVID-19 outbreak. The report examines how digital tools and services have made SMEs more resilient during...

Having generated not only growth performance, but also serious imbalances that make it unsustainable in the future, “the Chinese model” has entered into a complex and profound adjustment process, designed to restore its vitality and sustainability, so that the Chinese economy doesn’t...

Cluster policy has become a method of choice for policymakers in many countries. Promoting strong localized industries is an appealing perspective for practitioners, as it can be seen as a way to anchor economic activity in regions in an era of globalization. If cluster policy is successful, it...

This paper addresses a puzzle: How is it possible that a country that has established a broad, export-oriented industrial base at record speed, remains vulnerable to the vicissitudes of international finance and currency markets? I argue that the Korean model that was tremendously successful for...