Industrial strategies can steer the direction of growth towards well-defined goals.

The diaspora can support the country’s diversification and foster its economic integration into global value chains.

Industrial rezoning is an attractive alternative to traditional policies promoting development through the urban migration of workers.

Left unaddressed, power asymmetries in the world economy can negatively impact industrialization in the Global South.

Effective place-based policies need to deliver desired spatial economic cohesion while minimizing resource waste and secondary distortions.

The pandemic is causing massive disruptions to flows of foreign direct investments. Developing countries are likely to be hit the hardest.