Efficiency Finance And Varieties Of Industrial Policy

Author : Akbar Noman,Joseph E. Stiglitz
Publisher : Columbia University Press
Page : 527 pages
File Size : 54,5 Mb
Release : 2016-11-29
Category : Business & Economics
ISBN : 9780231542777

Get Book

Efficiency, Finance, and Varieties of Industrial Policy by Akbar Noman,Joseph E. Stiglitz Pdf

Industrial policy, once relegated to resource allocation, technological improvements, and the modernization of industries, should be treated as a serious component of sustainability and developmental economics. A rich set of complimentary institutions, shared behavioral norms, and public policies have sustained economic growth from Britain's industrial revolution onwards. This volume revisits the role of industrial policy in the success of these strategies and what it can offer developed and developing economies today. Featuring essays from experts invested in the expansion of industrial policies, topics discussed include the most effective use of industrial policies in learning economies, development finance, and promoting investment in regional and global contexts. Also included are in-depth case studies of Japan and India's experience with industrial policy in the banking and private sector. One essay revisits the theoretical and conceptual foundations of industrial policy from a structural economics perspective and another describes the models, packages, and transformation cycles that constitute a variety of approaches to implementation. The collection concludes with industrial strategies for facilitating quality growth, realizing more sustainable manufacturing development, and encouraging countries to industrialize around their natural resources.

Author : Jesus Felipe
Publisher : Edward Elgar Publishing
Page : 432 pages
File Size : 53,9 Mb
Release : 2015-04-24
Category : Business & Economics
ISBN : 9781784715540

Get Book

Development and Modern Industrial Policy in Practice by Jesus Felipe Pdf

Development and Modern Industrial Policy in Practice provides an up-to-date analysis of industrial policy. Modern industrial policy refers to the set of actions and strategies used to favor the more dynamic sectors of the economy. A key aspect of moder

Author : Tilman Altenburg
Publisher : Unknown
Page : 97 pages
File Size : 49,8 Mb
Release : 2011
Category : Industrial policy
ISBN : 3889855334

Get Book

Industrial Policy in Developing Countries by Tilman Altenburg Pdf

Author : Arkebe Oqubay,Christopher Cramer,Ha-Joon Chang,Richard Kozul-Wright
Publisher : Oxford University Press, USA
Page : 981 pages
File Size : 44,7 Mb
Release : 2020-10-19
Category : Business & Economics
ISBN : 9780198862420

Get Book

The Oxford Handbook of Industrial Policy by Arkebe Oqubay,Christopher Cramer,Ha-Joon Chang,Richard Kozul-Wright Pdf

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.

Author : Howard Pack,Kamal Saggi
Publisher : World Bank Publications
Page : 51 pages
File Size : 45,9 Mb
Release : 2006
Category : Industrial policy
ISBN : 8210379456XXX

Get Book

The Case for Industrial Policy by Howard Pack,Kamal Saggi Pdf

What are the underlying rationales for industrial policy? Does empirical evidence support the use of industrial policy for correcting market failures that plague the process of industrialization? To address these questions, the authors provide a critical survey of the analytical literature on industrial policy. They also review some recent industry successes and argue that only a limited role was played by public interventions. Moreover, the recent ascendance of international industrial networks, which dominate the sectors in which less developed countries have in the past had considerable success, implies a further limitation on the potential role of industrial policies as traditionally understood. Overall, there appears to be little empirical support for an activist government policy even though market failures exist that can, in principle, justify the use of industrial policy.

Author : Charles Chukwuma Soludo,Michael Osita Ogbu,Ha-Joon Chang
Publisher : IDRC
Page : 376 pages
File Size : 50,6 Mb
Release : 2004
Category : Africa
ISBN : 9781592211654

Get Book

The Politics of Trade and Industrial Policy in Africa by Charles Chukwuma Soludo,Michael Osita Ogbu,Ha-Joon Chang Pdf

This book maps the process and political economy of policy making in Africa. It's focus on trade and industrial policy makes it unique and it will appeal to students and academics in economics, political economy, political science and African studies. Detailed case studies help the reader to understand how the process and motivation behind policy decisions can vary from country to country depending on the form of government, ethnicity and nationality and other social factors.

Author : Daniel Lederman,William Maloney
Publisher : World Bank Publications
Page : 153 pages
File Size : 42,7 Mb
Release : 2012-06-18
Category : Business & Economics
ISBN : 9780821384916

Get Book

Does What You Export Matter? by Daniel Lederman,William Maloney Pdf

Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products—that only incidentally favor some sectors over others.

Author : Reda Cherif,Fuad Hasanov
Publisher : International Monetary Fund
Page : 79 pages
File Size : 49,5 Mb
Release : 2019-03-26
Category : Business & Economics
ISBN : 9781498305563

Get Book

The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy by Reda Cherif,Fuad Hasanov Pdf

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.

Author : Elliot Schwartz
Publisher : Unknown
Page : 102 pages
File Size : 45,8 Mb
Release : 1983
Category : Industrial policy
ISBN : UCSC:32106009617983

Get Book

The Industrial Policy Debate by Elliot Schwartz Pdf

Author : Sherzod Shadikhodjaev
Publisher : Cambridge University Press
Page : 349 pages
File Size : 52,6 Mb
Release : 2018-11-08
Category : Business & Economics
ISBN : 9781107145085

Get Book

Industrial Policy and the World Trade Organization by Sherzod Shadikhodjaev Pdf

Highlights what national governments should know to properly conduct their industrial policies under the multilateral trading system.

Author : Fadil Sahiti
Publisher : Springer Nature
Page : 211 pages
File Size : 51,8 Mb
Release : 2024-06-14
Category : Electronic
ISBN : 9783031514296

Get Book

Industrial Policies for Technological Upgrading in Western Balkan Countries by Fadil Sahiti Pdf

Author : Izumi Ohno,Kimiaki Jin,Kuniaki Amatsu,Junichi Mori
Publisher : Springer Nature
Page : 354 pages
File Size : 48,7 Mb
Release : 2023-10-03
Category : Business & Economics
ISBN : 9789819942381

Get Book

Introducing Foreign Models for Development by Izumi Ohno,Kimiaki Jin,Kuniaki Amatsu,Junichi Mori Pdf

This open access book studies how foreign models of economic development can be effectively learned by and applied to today’s latecomer countries. Policy capacity and societal learning are increasingly stressed as pre-conditions for successful catch-up. However, how such learning should be initiated by individual societies with different features needs to be explained. The book answers this pragmatic question from the perspective of Japan’s past experience and its extensive development cooperation in Asia, Africa, and Latin America. Since the late nineteenth century, Japan has developed a unique philosophy and method for adopting advanced technologies and systems from the West; the same philosophy and method govern its current cooperation with the developing world. The key concepts are local learning and translative adaptation. Local learning says that development requires the learner to adopt a proactive mindset and the goal of graduating from receiving aid. Meanwhile, translative adaptation requires foreign models be modified to fit local realities given the different structures of the home and foreign society. The development process must be wholly owned by the domestic society in rejection of copy-and-paste acceptance. These ideas not only informed Japan but are key to successful development for all. The book also asks how this learning method should—or should not—be revised in the age of SDGs and digitalization. Following the overview section that lays out the general principles, the book offers many real cases from Japan and other countries. The concrete actions outlined in these cases, with close attention to individual growth “ingredients” as opposed to general theories, are crucial to successful policy making. The book contains materials that are highly useful for national leaders and practitioners within developing countries as well as students of development studies.

Author : Peter A. Hall,David W. Soskice
Publisher : Oxford University Press
Page : 557 pages
File Size : 40,6 Mb
Release : 2001
Category : Business & Economics
ISBN : 9780199247745

Get Book

Varieties of Capitalism by Peter A. Hall,David W. Soskice Pdf

Applying the new economics of organisation and relational theories of the firm to the problem of understanding cross-national variation in the political economy, this volume elaborates a new understanding of the institutional differences that characterise the 'varieties of capitalism' worldwide.

Author : Arkebe Oqubay,Christopher Cramer,Ha-Joon Chang,Richard Kozul-Wright
Publisher : Oxford University Press
Page : 912 pages
File Size : 53,9 Mb
Release : 2020-10-20
Category : Business & Economics
ISBN : 9780192607225

Get Book

The Oxford Handbook of Industrial Policy by Arkebe Oqubay,Christopher Cramer,Ha-Joon Chang,Richard Kozul-Wright Pdf

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.

Author : Simone Tagliapietra,Reinhilde Veugelers
Publisher : Unknown
Page : 102 pages
File Size : 40,8 Mb
Release : 2020-12-17
Category : Electronic
ISBN : 907891050X

Get Book

A Green Industrial Policy for Europe by Simone Tagliapietra,Reinhilde Veugelers Pdf

The European Green Deal aims to make Europe the first climate-neutral continent by 2050. This is not going to be an easy journey. To be successful, the European Green Deal will have to foster major shifts in the European industrial structure, including transitions from fossil fuels to renewable energy and from combustion engine cars to electric cars. Shifting economies from brown to green would be a major, historic socio-economic transformation. In this context of broad, paradigmatic, change for European industry, a 'green industrial policy' will be fundamental to Europe's climate change ambitions. But what is green industrial policy? What market failures must it address? Unlike traditional industrial policy, green industrial policy must be directed to twin goals of climate protection and social welfare. Green industrial policy initiatives in the European Union so far, however, have been piecemeal and fragmented. This Blueprint examines how past mistakes can be avoided and how the EU can develop a coherent green industrial policy that will serve the goals of the European Green Deal.