oa Journal of Development Perspectives - The institutional context for industrial policy: the Western Cape microeconomic development strategy
|Article Title||The institutional context for industrial policy: the Western Cape microeconomic development strategy|
|© Publisher:||Economic Society of South Africa|
|Journal||Journal of Development Perspectives|
|Affiliations||1 Allan Gray Professor of Business-Govemment Relations and Professor, Department of Economics, University of Cape Town (UCT)|
|Publication Date||Dec 2006|
|Pages||141 - 162|
|Keyword(s)||Duty Credit Certificate Scheme, government capacity, Industrial policy, institutional form, MEDS, Micro-Economic Development Strategy and policy efficacy|
South Africa's industrial policies since 1994 have had a very limited reach and impact. Policy changes on the part of a number of governmental departments are required in order to address constraints on manufacturing firm level investment and performance. The capacity of government to develop and implement more effective industrial policies and to ensure a coordinated policy approach across the different departments is currently very weak. As government commits to more adventurous industrial policies, the risks of fiirther ineffectiveness and wastage of public resources are substantial. Industrial policy developed recently in the Western Cape provides a number of concrete pointers as to how effectiveness might be enhanced and wastage minimised.
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