Human resources and industrial development: new social roles
by Keith Cowling, Roger Sugden
International Journal of Technology Management (IJTM), Vol. 9, No. 3/4, 1994

Abstract: The key to successful industrial development is a move away from free market systems. These systems constrain people's talents. They are characterised by concentrated decision-making power, leading to such problems as product market monopolisation, deindustrialisation and constrained technological change. In contrast, it is desirable to cultivate a diffuse, deconcentrated economic process where people are given new roles in society. We advocate a process where communities strategically plan their own futures and do so using markets as an instrument. Government industrial policies – for example measures to influence technological progress – should be designed and assessed in the context of nurturing such democratic economies.

Online publication date: Sat, 23-May-2009

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