This book explores the vital role industrial hubs play in the economic catch-up of developing and emerging economies. It examines the characteristics of newly industrialised economies and the potential for industrial hubs to enable economic transformation, industrial agglomeration, and technological development. The uneven nature of industrialisation and economic growth is highlighted by case studies worldwide, including China, Singapore, South Korea, and Vietnam from Asia; and Ethiopia, Mauritius, and Morocco from Africa. An industrial policy framework for productive transformation and governance is outlined to present how the impact of industrial hubs can be maximised in accelerating late industrialisation and economic catch-up.

This book offers unique insight into the opportunities and challenges presented by industrial hub development within emerging and developing economies. It will be of interest to students, researchers, policymakers, and practitioners working on industrial policy and development economics.

Arkebe Oqubay is British Academy Global Professor at SOAS University of London, and former Senior Minister and Special Advisor to the Prime Minister of Ethiopia.