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investment, beginning with the attraction of foreign and local
investors; financial support through loans and guarantees;
engineering, and in-plant assistance on all aspects of production,
management and staff training; accounting training; research for
prospective investors; and efficient utilization of labor through
incentives, job evaluation, and time studies.
290.
By directing staff and resources to the promotion,
establishment, and technical assistance for a restricted number of
new priority industries, the Philippines Industrial Development
Center proved effective in stimulating limited development
objectives. Other institutions of this type were established in a
number of developing nations through the next decade. 71
291.
However, despite the specialized development functions
incorporated in the Philippines Industrial Development Center, the
limitations revealed in their operating experience soon led the
International Cooperation Administration (ICA) to a recognition of
the need to create additional institutions and forms of technical
assistance to meet even more specialized and narrowly directed
technical aid requirements.
E.
Productivity-Oriented Development Lending Institutions
⁷¹See Taiwan Industrial Development Commission.
157
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