The Practice of Industrial Policy GovernmentDLBusiness Coordination in Africa and East Asia

This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Industrial policy still generates more heat than light among economists and development practitioners. However, there appears to be a growing consensus that markets can fail both when governments interfere too much and when they engage too little.Governments have now begun to look for a more balanced strategy to accelerate structural transformation and growth. Such a balanced approach is critically needed in Africa, where 20 years of levelling theplaying field have failed to produce rapid structural transformation. This book contributes to the design of that new approach, exploring existing experiences and providing guidance on priority areas for action in strengthening government-business coordination.