Working Paper #2012-021
Entrepreneurship, stages of development, and industrialization
Unlike in the past where industrial policy was either focused on
creation and growth of state-owned firms or alternatively consisted
merely of broadly functional policies without consideration for firm or
entrepreneurial specifics, the requirement now is that future industrial
policy ought to be a nuanced partnership between entrepreneurs and the
state. In this paper we outline some considerations for such an
industrial policy where the entrepreneur-state nexus is paramount.
Moreover, we argue that such an industrial policy will need to take into
consideration that the entrepreneur-state nexus is evolving, and that it
depends on the stage of development of a particular country.
- Keywords
-
- entrepreneurship
- industrialization
- structural change
- industrial policy
- innovation
- development
- JEL codes
-
- O32
- L52
- L53
- M13
Cite this as
APA 7th ed.Ács, Z. J., & Naudé, W. (2012). Entrepreneurship, stages of development, and industrialization (UNU-MERIT Working Paper No. 2012-021). UNU-MERIT. https://unu-merit.nl/publications/working-papers/abstract/?id=4679