Industrial Policy Revolution I

Joseph E. Stiglitz, Columbia University, UKJustin Yifu Lin, Peking University, ChinaLaura Alfaro Carlos Alvarez V, Organisation for Economic Co-operation and Development CentreYaw Ansu, Africa Center for Economic Transformation (ACET) based in Accra, GhanaPranab Bardhan, University of California, Berkeley, USAHa-Joon Chang, University of Cambridge, UKRobert Cull, Development Research Group of the World BankRobert Devlin, Johns Hopkins SAIS, USAGraciela Moguillansky, Universidad de ChileJoão Carlos Ferraz, Brazilian Development Bank (BNDES)Claudio Figueiredo Coelho Leal, Brazilian Development Bank (BNDES) Felipe Silveira Marques, Federal University of Rio de Janeiro, Brazil Marcelo Trindade Miterhof, Universidade Estadual de Campinas (Unicamp) BrazilAriel Fiszbein Indermit Gill Mushtaq H. Khan, University of London, UKDavid Kupfer, Universidade Federal do Rio de Janeiro, BrazilKeun Lee, Seoul National University, South KoreaJosh Lerner, Harvard Business School, USAWonhyuk Lim, Korea Development Institute (KDI)Célestin MongaVolker TreichelShahid YusufBruce Greenwald, Columbia University, USA

• PART I: CONCEPTUAL ISSUES AND PRINCIPLES OF INDUSTRIAL POLICY 1. Comparative Advantage: The Silver Bullet of Industrial Policy; Justin Yifu Lin and Célestin Monga 2. Comments on 'Comparative Advantage: The Silver Bullet of Industrial Policy; Ha-Joon Chang 3. Industrial Policies, the Creation of a Learning Society, and Economic Development; Bruce Greenwald and Joseph Stiglitz 4. Discussion of 'Industrial Policies, the Creation of a Learning Society, and Economic Development; Josh Lerner PART II: SPECIAL ISSUES FOR DEVELOPING COUNTRIES 5. Technology Policies and Learning with Imperfect Governance; Mushtaq H. Khan 6. Comments on 'Technology Policies and Learning with Imperfect Governance'; Pranab Bardham 7. The Boulevard of Broken Dreams: Industrial Policy and Entrepreneurship; Josh Lerner 8. Comments on 'The Boulevard of Broken Dreams: Industrial Policy and Entrepreneurship'; Indermit Gill PART III: INSTRUMENTS OF INDUSTRIAL POLICY 9. Financing Development: The Case of BNDES; João Carlos Ferraz, Claudio Figueiredo Coelho Leal, Felipe Silveira Marques and Marcelo Trindade Miterhof 10. Comments on 'Financing Development: The Case of BNDES'; Robert Cull 11. Growth and the Quality of Foreign Direct Investment; Laura Alfaro and Andrew Charlton 12. Comments on 'Growth and the Quality of Foreign Direct Investment; Ann Harrison 13. Clusters as an Instrument for Industrial Policy: The Case of China; Xiaobo Zhang 14. Theories of Agglomeration: Critical Analysis from a Policy Perspective; Célestin Monga PART IV: REGIONAL CASE STUDIES OF SUCCESSFUL AND UNSUCCESSFUL INDUSTRIAL POLICIES 15. Capability Failure and Industrial Policy to Move beyond the Middle-Income Trap: From Trade-based to Technology-based Specialized; Keun Lee 16. Comments on 'Capability Failure and Industrial Policy to Move beyond the Middle-Income Trap: From Trade-based to Technology-based Specialized; Ariel Fiszbein 17. What's New in the New Industrial Policy in Latin America? Robert Devlin and GracielaMoguillansky 18. Comments on 'What's New in the New Industrial Policy in Latin America?'; Carlos Alvarez V. PART V: COUNTRY CASE STUDIES OF SUCCESSFUL AND UNSUCCESSFUL INDUSTRIAL POLICIES 19. New Thinking on Industrial Policy Country Case Studies of Successful and Unsuccessful Industrial Policies: The Return of Industrial Policy in Brazil David Kupfer, João Carlos Ferraz and Felipe Silveira Marques 20. Industrial Policy and Development: Lessons from Brazil. Comments on the Paper by David Kupfer, João Carlos Ferraz and Felipe Silveira Marques; Volcker Treichel 21. The Chaebol and Industrial Policy in Korea; Wonhyuk Lim 22. Comments on 'The Chaebol and Industrial Policy in Korea'; Shahid Yusuf