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....

Industry and development -- Engine of growth -- Trade and efficiency -- Globalisation and industrialisation -- Technology and industrialisation -- Small scale industry : sink or seedbed? -- Industrial policy and the East Asian miracle -- Giants awakened : India and China.

The paper examines the tax-credit programme incorporated in the Industrial Plan introduced by the Lopez-Portillo administration (1976-82). It discusses the objectives of industrial planning in Mexico at that time, and in particular the attempt to use fiscal incentives to guide private sector...

This paper examines current industrialization in the two regions from a comparative perspective.