Development and Modern Industrial Policy in Practice

Issues and Country Experiences

Inbunden, Engelska, 2015

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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 modern industrial policy is embedding private initiative in a framework of public action to encourage diversification, upgrading, and technological dynamism to achieve development in the twenty-first century.The book reviews key questions that policymakers ask about industrial policy, such as: who selects sectors; what is the rationale for sector selection; what are the main tools to promote sectors?, what is the role of human capital; and what are the mechanisms for monitoring and evaluation? Expert contributors discuss how to undertake industrial policy effectively and examine the experiences of Australia, the EU, the Republic of Korea, Malaysia, and the US.Policymakers, multilateral development institutions, and scholars will find the discussions on industrial policy, structural transformation, economic diversification and upgrading, and capabilities to be useful and practical.Contributors F. Block, J.-M. Chang, K. Farla, J. Felipe, F. Guadagno, C.A. Hidalgo, M.R. Keller, M.H. Khan, K. Lee, J.Y. Lin, C. Long, W.F. Mitchell, C. Rhee, T. Siew Yean, B. Verspagen, Y. Wang, X. Zhang

Produktinformation

Utgivningsdatum2015-04-24
Mått156 x 234 x undefined mm
FormatInbunden
SpråkEngelska
FörlagEdward Elgar Publishing Ltd
ISBN9781784715533

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Contents:Foreword Ha-Joon Chang1. Modern Industrial Policy Jesus Felipe2. Issues in Modern Industrial Policy (I): Sector Selection, Who, How and Sector Promotion? Jesus Felipe and Changyong Rhee3. Issues in Modern Industrial Policy (II): Human Capital and Innovation and Monitoring and EvaluationJesus Felipe and Changyong Rhee4. Capability Building and Industrial DiversificationKeun Lee5. Industrial Policy Design and Implementation ChallengesMushtaq H. Khan6. Catching Up: Structural Transformation and DiversificationJustin Yifu Lin and Yan Wang7. Economic Diversification: Implications for KazakhstanJesus Felipe and Cesar A. Hidalgo8. Industrial Diversification in the People’s Republic of ChinaJustin Yifu Lin, Cheryl Xiaoning Long and Xiaobo Zhang9. Do as I Say, or As I Do? US Innovation and Industrial Policy since the 1980sMatthew R. Keller and Fred Block10. The Republic of Korea’s Financial Support for Small and Medium Enterprises and Venture BusinessesJung-moh Chang11. Industrial Policy: The Australian Experience William Francis Mitchell12. Diversification and Industrial Policies in MalaysiaTham Siew Yean13. Industrial Policy in the European Union Kristine Farla, Francesca Guadagno and Bart VerspagenIndex

’This superb text defines and describes modern industrial policy. For many years economists, politicians, and policymakers have worried over inward-looking and damaging industrial policies, associating them with poor economic performance and arrested industrial development. At last we have a book which identifies and analyses new forms of modern industrial policy which work effectively and are able to overcome the problems of the past. The book is replete with concrete examples and new conceptual developments, showing how modern industrial policy is able to initiate, upgrade, and transform economic activity for the benefit of all. The evidence is used to provide a new theory of industrial policy, distinguishing modern industrial policy from the practices of the past – leaving no room for doubt as to how policymakers should proceed in the twenty-first century. Essential reading for policymakers, analysts, scholars, teachers, and consultants concerned with industrial policy and modern economic development.’