ABSTRACT
Success in industrial policy formulation depends not only on the proper choice of policy measures as discussed in the previous chapter but also, more fundamentally, on policy procedure and organization from which good policies are produced and executed. This chapter looks at institutional aspects of policymaking which are an important object as well as an essential background for policy learning. The purpose of studying various international best practices in policy procedure and organization is basically the same as studying alternative policy measures in the previous chapter. Rich foreign examples are to be regarded as building blocks from which procedural and organizational arrangements most suitable for the country in question should be created under the principles of selectivity, modi¼cation, combination, and improvement. As always, haphazard adoption of foreign models without a systematic survey of local contexts should be avoided.
