Authors: Sanjaya Lall
Abstract: This paper briefly discusses the issues of current globalisation and the growing divergence in competitive performance in the developing world. The paper then considers the case for industrial policy, arguing that government interventions are necessary to overcome market failures in building the technological capabilities required for industrial development.
Keywords: globalisation; industrial policy; industrial technological capability; developing countries; government intervention.
International Journal of Technology Management, 2006 Vol.36 No.1/2/3, pp.16 - 20
Published online: 06 Jun 2006 *Full-text access for editors Access for subscribers Purchase this article Comment on this article