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Innovation and Cluster Development

In: Cluster-Based Industrial Development

Author

Listed:
  • Tetsushi Sonobe

    (National Graduate Institute for Policy Studies)

  • Keijiro Otsuka

    (National Graduate Institute for Policy Studies)

Abstract

While policymakers in developing countries are eager to develop industries for job creation and poverty reduction, they are unaware of effective strategies to support industrial development. Surprisingly, neither international development organizations nor donor communities have provided useful recommendations for successful industrial development, even though the World Bank’s (2012) World Development Report 2013 and African Development Bank and OECD Development Centre’s (2012) African Development Outlook 2012, among others, emphasize the importance of creating jobs through industrial development. In our view, the root cause for such a situation is the inability to identify the major market failures that constrain the development of industries.

Suggested Citation

  • Tetsushi Sonobe & Keijiro Otsuka, 2014. "Innovation and Cluster Development," Palgrave Macmillan Books, in: Cluster-Based Industrial Development, chapter 2, pages 17-36, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-38511-6_2
    DOI: 10.1057/9781137385116_2
    as

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