, Volume 28, Issue 1, pp 22–30 | Cite as

The increasing role of the private sector in Asian industrial development

  • Wilfried Lütkenhorst
  • Jürgen Reinhardt
Development Strategy


In recent years, there has been a powerful trend on the global scene and above all in the Asian region for the private sector in general and private industry in particular to assume a growing, and indeed leading, role in economic and industrial development. This article reviews some recent trends of private investment and privatization policies pursued in selected Asian countries and discusses the implications of private sector-led industrial development for the role of governments and international organizations.


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  1. 1.
    Cf. G. P. Pfeffermann, A. Madarassy: Trends in Private Investment in Developing Countries, 1990–91 edition, IFC Discussion Paper No. 11, January 1991.Google Scholar
  2. 2.
    Cf. UNIDO: Foreign Direct Investment Flows to Developing Countries: Recent Trends, Major Determinants and Policy Implications, PPD. 167, 10 July 1990.Google Scholar
  3. 3.
    The following survey is partly based on ESCAP: Industrial Restructuring in Asia and the Pacific, Bangkok 1991, pp. 133–138.Google Scholar
  4. 4.
    Cf. UNDP: Private Sector Development for Promoting Economic Growth in Developing Countries of Asia, April 1988.Google Scholar
  5. 5.
    M. E. Porter: The Competitive Advantage of Nations, in: Harward Business Review, March–April 1990, p. 73.Google Scholar
  6. 6.
    Cf. UNIDO: Privatization Theory and Policy, IPCT. 156 (SPEC.), 16 April 1992; UNDP: Guidelines on Privatization, New York 1991.Google Scholar

Copyright information

© HWWA and Springer-Verlag 1993

Authors and Affiliations

  • Wilfried Lütkenhorst
    • 1
  • Jürgen Reinhardt
    • 1
  1. 1.Both United Nations Industrial Development Organization (UNIDO)ViennaAustria

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