ABSTRACT
Governments in developing economies have since the 1950s focused extensively on attracting firms to particular locations to “stimulate agglomeration” economies or “cluster” synergies. International organizations such as the World Bank, United Nations Industrial Development Organization (UNIDO) and United Nations Conference for Trade and Development (UNCTAD), and Asian Development Bank have encouraged governments to launch industrial estates (including export processing zones) to attract investment (including foreign investment) to stimulate industrial development and employment generation.
