the idea here is not to encourage public ownership which would amount to returning to failed policies of the past rather the idea is to ensure that the capitalmobilizing power of the state is used to provide the initial investment impulses needed to generate growth with employment at unctad the development of the concept in the ldc context was linked to earlier efforts to understand how structurally weak and underdeveloped economies like ldcs should promote economic growth and how they should initiate and then accelerate the growth process such efforts also sought to understand what are the key factors or capabilities that enable such economies to produce goods they can consume or sell and what kinds of productive activities create quality jobs that contribute to poverty reduction