The Return Of The Policy That Shall Not Be Named Principles Of Industrial Policy
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The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy
Author: Reda Cherif
language: en
Publisher: International Monetary Fund
Release Date: 2019-03-26
Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn more from miracles than failures. We suggest three key principles behind their success: (i) the support of domestic producers in sophisticated industries, beyond the initial comparative advantage; (ii) export orientation; and (iii) the pursuit of fierce competition with strict accountability.
The Oxford Handbook of Industrial Policy
Author: Arkebe Oqubay
language: en
Publisher: Oxford University Press
Release Date: 2020-10-20
Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives, and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.
The Reshaping of China’s Industry Chains
Author: CICC Research, CICC Global Institute
language: en
Publisher: Springer Nature
Release Date: 2024-04-27
This open access book offers a comprehensive analysis of the opportunities and challenges facing the development of China’s industry chains in a changing landscape. As the trend of deglobalization is intensifying, the global supply chain has suffered from external shocks, prompting both the private and public sectors to reflect on the stability of the supply chain. As such, governments are putting greater emphasis on the resilience and “security” of industry chains. How will the changing circumstances across the globe affect China’s industry chains? This book suggests that amidst the trend of deglobalization, it is important for China to leverage its advantages in economies of scale to improve both the efficiency and security of industry chains. By examining the current state of global trends, international trade, and industrial policies, the book outlines potential pathways of the development of global supply chains, and provides insights on the challenges and opportunities for China. This book also focuses on strategically important sectors in the digital, green, logistics, and manufacturing industries, presenting an in-depth discussion of the prospects of each industry chain. Being both readable and academically rigorous, this book is well-suited for readers from in the fields of public policy, economics, finance, and for those who seek to better understand the reshaping of China’s industry chains. The work cites information from various sources, including academic journals, policy institutions, and a network of primary sources such as industry experts and renowned academics.