IDEAS home Printed from https://ideas.repec.org/h/pal/intecp/978-1-137-33517-3_15.html
   My bibliography  Save this book chapter

Clusters as an Instrument for Industrial Policy: The Case of China

In: The Industrial Policy Revolution I

Author

Listed:
  • Xiaobo Zhang

    (Peking University
    International Food Policy Research Institute (IFPRI))

Abstract

Developing countries face a long list of seemingly insurmountable obstacles to industrialization, including but not limited to underdeveloped financial systems and a lack of formal institutions. Since pooled resources are necessary to build factories and to purchase manufacturing equipment, financial development has been widely regarded as a key instrument for industrialization (Goldsmith, 1969; Raj an and Zingales, 1998). Entrepreneurs are afraid to make business deals unless the underlying contracts are trustworthy. Thus building a sound legal system is also crucial for ensuring the functioning of market economy (North, 1990). A common view among donors and policy makers is the necessity of creating these fundamental institutions.

Suggested Citation

  • Xiaobo Zhang, 2013. "Clusters as an Instrument for Industrial Policy: The Case of China," International Economic Association Series, in: Joseph E. Stiglitz & Justin Yifu Lin (ed.), The Industrial Policy Revolution I, chapter 4, pages 227-243, Palgrave Macmillan.
    • Handle: RePEc:pal:intecp:978-1-137-33517-3_15
    DOI: 10.1057/9781137335173_15
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Fan, Xiao-chao & Wang, Wei-qing, 2016. "Spatial patterns and influencing factors of China׳s wind turbine manufacturing industry: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 482-496.
    2. Daniel Poon, 2014. "China’s Development Trajectory: A Strategic Opening for Industrial Policy in the South," UNCTAD Discussion Papers 218, United Nations Conference on Trade and Development.
    3. Ali, M., 2018. "Potential of the Agricultural Value Chain Improvement in Pakistan," 2018 Conference, July 28-August 2, 2018, Vancouver, British Columbia 275951, International Association of Agricultural Economists.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:intecp:978-1-137-33517-3_15. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.