This paper analyses the ways public-private alliances operate in a number of countries in and outside Latin America, and with what impact on industrial and economic transormation. An extended version of the paper can also be found in a book by the same authors: “Breeding Latin American Tigers – Operational Principles for Rehabilitating Industrial Policies” (pdf, 2994kb), a copublication of the Economic Commission for Latin America and the Caribbean (ELCAC) and the World Bank, 2011. Cases used as reference include Finland, Ireland, the Republic of Korea, Singapore, Spain, Hong Kong Special Administrative Region, Luxembourg, Malta, Norway, Portugal, Czech Republic and Malaysia.