Industrial Restructuring Policy and Practice

摘要

Industrial restructuring involves actions by enterprises to bridge gaps between current performance and what is required to become internationally competitive. These gaps emerge as a result of global changes in technology, organization, marketing, and factor prices. Industry, in turn, is prompted by policy, regulatory, and institutional changes to improve its competitiveness. The paper examines the reasons for restructuring and outlines the policies and institutions needed to make it effective. The purpose is to provide guidance on the design and implementation of industrial restructuring programs. The paper identifies key industry and trade policies; outlines elements of successful approaches to subsector and enterprise restructuring; and describes the financial instruments and institutions required to promote industrial restructuring. (Copyright (c) 1990 The World Bank.)