Greening of Industrial Hubs: A 21st Century Development Strategy
Forthcoming, The Oxford Handbook of Industrial Hubs and Economic Development, edited by Arkebe Oqubay and Justin Yifu Lin (Oxford University Press, 2020).
19 Pages Posted: 19 Jul 2019
Date Written: July 17, 2019
After the success of East Asian industrialization efforts in the late 20th century, the 21st century has witnessed the turn of industrializing giants, led by China and India, to claim the fruits of advanced manufacturing industries. At the scale of transformation engaged in by these giants, the traditional fossil fuelled pathway involving oil, gas and coal is simply not feasible – for reasons to do with energy and resource insecurity and catastrophic urban pollution as much as for concerns over global warming and climate change. The key to success in their endeavors lies not just at the macro level of national industrial sectors, or the micro level of firms, but at the meso level of suprafirm structures and dynamics, involving clusters, industrial hubs and EPZs. These hubs or clusters provide the optimal setting for greening initiatives, as the industrial parks are turned into eco-industrial parks based on circular economy principles.
Keywords: greening industry, green growth, circular economy, industrial hubs, industrial parks, clusters, eco-industrial parks, innovation and technology management, entrepreneurship
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