As a part of the “DEV TALKS” Series
Mario Pezzini, Director of the OECD Development Centre and Special Advisor to the OECD Secretary General on Development,
is pleased to invite you to a
No universally accepted strategy for industrial development exists. In one of his latest research pieces, Professor Keijiro Otsuka proposes a Comprehensive Strategy for Industrial Development that seeks to develop industrial clusters in sub-Saharan Africa based on sequential support for three policy levers.
First, training of human capital is required, including managerial training. Second, investment in infrastructure, particularly in industrial parks, is necessary. Financial support for competent entrepreneurs is the third component of the proposed formula for success. The attraction of foreign direct investment should be an integral part of long-term development strategy, as foreign enterprises provide not only capital but also advanced technology and management know-how.
The limited budget and human resources for industrial development, however, questions how these policy instruments should be combined. Professor Otsuka will argue that the stronger the focus on training in the early stages, the higher the returns on investment in infrastructure will be. He will also turn to Japan’s own development trajectory and development co-operation activities in East Asian countries to better articulate his proposed Comprehensive Strategy.