Industrial policy has attracted considerable controversy in the development context. This paper makes a case for a pragmatic and limited approach to interventions as a means of stimulating industrialization in the context of current and future challenges facing newly industrializing economies....

Poverty targeting programs can in principle be assessed as projects using the tools of either cost-benefit or cost-effectiveness analysis. In practice where quantitative assessments have been made they are principally a form of cost-effectiveness calculations based on costs per unit of benefit...