Cluster-Based Industrial Development

By: Keijiro Otsuka and Tetsushi Sonobe

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Synopsis: In order to reduce widespread poverty in developing countries, it is essential to create jobs by promoting industrial development. Yet, there is no clear-cut and effective strategy to develop industries. This study tackles the problems facing cluster-based industrial development and suggests effective strategies for a more successful future. Based on a number of case studies and the results of six Kaizen management training experiments, this book has found that efficient management is the key to the innovation, which, in turn, is a major engine of firm and industrial growth. The studies undertaken reveal that management training not only enhances management capacity of entrepreneurs but also serves as an effective screening device to identify promising and non-promising entrepreneurs, which enables targeted policies to support the former. KAIZEN management is found to be effective in improving production management and quality control in several countries in SSA, which supports the authors' view that the management training is an integral part of the effective industrial development strategy. This book is essential reading for scholars and researchers interested in economic development and industrial policy.