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Development banking and technological development: a case study of industrial development banks in the GCC countries

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  • Khalid Abdul Aziz Alsahlawi
  • Edward P.M. Gardener

Abstract

This article explores the important role of Industrial Development Banks in promoting the quality of technological development. It is argued that the historical experiences of the developed economies and several developing economies during recent times support the need and potentials of a more pro-active role by Industrial Development Banks. Against this background, the specific experiences of Industrial Development Banks in the Gulf Co-operation Council Countries are examined and the results of a select field survey are reported. This exploratory study suggests that some fundamental steps are needed in order to develop Industrial Development Banks from being comparatively passive conduits of technological aid to more active promoters of technological development.

Suggested Citation

  • Khalid Abdul Aziz Alsahlawi & Edward P.M. Gardener, 2004. "Development banking and technological development: a case study of industrial development banks in the GCC countries," The Service Industries Journal, Taylor & Francis Journals, vol. 24(5), pages 71-90, September.
    • Handle: RePEc:taf:servic:v:24:y:2004:i:5:p:71-90
    DOI: 10.1080/0264206042000276847
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    References listed on IDEAS

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    1. George T. Edwards, 1987. "The Role of Banks in Economic Development," Palgrave Macmillan Books, Palgrave Macmillan, number 978-1-349-08627-6, December.
    2. Cassen, Robert & ,, 1994. "Does Aid Work?: Report to an Intergovernmental Task Force," OUP Catalogue, Oxford University Press, edition 2, number 9780198773863.
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    Cited by:

    1. Keijiro Otsuka & Tetsushi Sonobe, 2011. "A Cluster-Based Industrial Development Policy for Low-Income Countries," GRIPS Discussion Papers 11-09, National Graduate Institute for Policy Studies.

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