This Bulletin is a product of the working group 'Industrialisation Strategies' of the European Association of Development Institutes (EADI). At the general EADI conference in Oslo, June 1990, members of the working group expressed interest in exploring the relevance of flexible specialisation for Third World industry, especially small-scale industry. A workshop on this issue was convened in Copenhagen, June 1991, attracting 20 participants from all over Europe. This Bulletin presents an edited version of some of the contributions to this workshop. A common objective of all contributors is to explore how the insights of the flexible specialisation approach can be used to inform research and policy making in industrial development of less developed countries