1945

The local entrepreneurship dimension of global production systems

This chapter explores whether shifting global production patterns stimulate entrepreneurship and industrialization in LDCs. International trade is now widely considered to be the primary source of developmental dynamism, and industrial policy has been largely replaced by trade policy in developing countries as the most predominant type of development policy. However, local entrepreneurship is essential to harness the benefits of trade for sustainable development and to generate the domestic resources LDCs need for investments in infrastructure, as well as skills and innovation that are necessary for achieving the Sustainable Development Goals.

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