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Two to Tango: Public-Private Collaboration for Productive Development Policies

Author

Listed:
  • Fernández-Arias, Eduardo
  • Sabel, Charles
  • Stein, Ernesto H.
  • Trejos, Alberto

Abstract

This paper summarizes the findings of the recent Inter-American Development Bank book Two to Tango: Public-Private Collaboration Productive Development Policies, based on case studies of 25 productive development policies (PDPs) in five countries and discusses an additional example from Peru. One finding that emerges from those studies is that governments could not make policy in isolation and needed private sector involvement at every phase of the policy process. It is also found that the private sector generally collaborated in the design and implementation of PDPs without attempting to manipulate or capture them. In contrast to previous views of PDPs as static and best undertaken in isolation by governments, successful PDPs involve a dynamic and interactive process with ample and continuous private sector participation.

Suggested Citation

  • Fernández-Arias, Eduardo & Sabel, Charles & Stein, Ernesto H. & Trejos, Alberto, 2017. "Two to Tango: Public-Private Collaboration for Productive Development Policies," IDB Publications (Working Papers) 8697, Inter-American Development Bank.
  • Handle: RePEc:idb:brikps:8697
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    Cited by:

    1. Torre, Augusto de la & Ize, Alain, 2022. "Latin America’s Growth: Looking through the Demand Glass," Policy Research Working Paper Series 10227, The World Bank.
    2. Raza, Werner, 2024. "Towards a progressive industrial policy for the twin transformation in the European Union: Synthesis report," Research Reports 21/2025, Austrian Foundation for Development Research (ÖFSE).
    3. Eduardo Fernández-Arias & Ricardo Hausmann & Ugo Panizza, 2020. "Smart Development Banks," Journal of Industry, Competition and Trade, Springer, vol. 20(2), pages 395-420, June.
    4. Pietrobelli, Carlo, 2019. "Modern industrial policy in Latin America: Lessons from cluster development policies," MERIT Working Papers 2019-031, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
    5. Andres Fortunato, 2022. "Getting Back on the Curve South Africa’s Manufacturing Challenge," CID Working Papers 139a, Center for International Development at Harvard University.
    6. Manuel Mejido Costoya, 2022. "South–South Cooperation and the Promise of Experimentalist Governance: The ASEAN Smart Cities Network," Politics and Governance, Cogitatio Press, vol. 10(2), pages 116-127.
    7. Constantino Hevia & Norman V. Loayza & Claudia Meza-Cuadra, 2023. "Industrial Policies vs Public Goods under Asymmetric Information," Revista Economía, Fondo Editorial - Pontificia Universidad Católica del Perú, vol. 46(91), pages 39-52.

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    Keywords

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    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L6 - Industrial Organization - - Industry Studies: Manufacturing
    • L7 - Industrial Organization - - Industry Studies: Primary Products and Construction
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy

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