The Industrial Policy Reference Resource is a bibliography of key South African and international references on industrial policy and related subjects. It was developed with financial assistance from the Development Policy Research Unit (DPRU) and the Department for International Development (DFID).
The Industrial Policy Action Plan reflects work that has been undertaken by the dti and other government departments and is mostly ready for implementation.…
This paper examines the industrial policy in South Africa, which is Africa's most developed and industrialized economy. Issues relating to the role of industrial policy…
This article discusses the convenience of adopting industrial policy in Brazil. We argue that the success of East Asian countries, usually explained by industrial policy,…
AuthorsMauricio Canedo-Pinheiro, Pedro Cavalcanti Ferreira, Samuel De Abreu Pessoa & Luiz Guilherme Schymura
In order to contribute towards government's goals for 2014 'and beyond ' the National Industrial Policy Framework (NIPF) vision for South Africa's industrialisation trajectory is:…
The EIU has compiled a cross-sectoral database of firms that are pursuing innovations within the environmental domain. This investigation analyses a subset of this database…
In the last decade, few countries have figured prominently as cases of late-late developers that achieved worldwide success with their Information Technology (IT) industries. This…
AuthorsDan Breznitz
Year2006
OrganisationSam Nunn School of International Affairs and the School of Public Policy, Georgia Institute of Technology
This paper explores export performance in South Africa over the past 50 years, and concludes that a lagging process of structural transformation is part of…
AuthorsRicardo Hausmann and Bailey Klinger
Year2006
OrganisationHarvard University
PublisherThe President and the Fellows of Harvard College
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…
This paper focuses on the systems-of-innovation (SI) approach and its policy implications. It introduces the topic by briefly reviewing the emergence, development, and diffusion of…
AuthorsCharles Edquist & Cristina Chaminade
Year2006
OrganisationEuropean Invest ment Bank
PublisherEconomic and Finance Studies Division of the EIB
Rationalization and stabilization following the Asian financial crisis of the late 1990s combined with the expansion and liberalization of regional and global trade to create…
AuthorsRichard Doner, Gregory Noble & John Ravehill
This paper seeks to offer an alternative perspective on the issues of changes in policy regime and firm-level technological capability development. The paper draws on…
Learning has been recognized as an important factor in explaining the growth of firms in both industrial organization theory and literature. However, few models have…
This paper presents a critical review of the Global Value Chain literature in light of the Technological Capabilities approach to innovation in LDCs. Participation in…
AuthorsAndrea Morrison, Carlo Pietrobelli and Roberta Rabellotti
This paper addresses a central question confronting politicians, business leaders, and economic planners throughout the world: How can local economic communities survive and prosper in…
AuthorsSachi Hatakenaka, Peter Westnes, Martin Gjelsvik, Richard K. Lester
The present study is aimed at assisting African countries to formulate concrete proposals related to market access for non-agricultural commodities. Accordingly, we will endeavour to…
AuthorsHakim Ben Hammouda, Stephen Karingi, Romain Perez and Mustapha Sadni-Jallab
This document presents the proposed South African Biofuels Industrial Draft Strategy, outlining Government approach to addressing policy, regulations and incentives. Internationally, biofuels are growing, due…
This survey of European industrial policy aims to set out and explain the great significance of European integration in determining (changes in) structure and performance…
This survey outlines the characteristics and drivers of the phases of European industrial policy over the last century and attempts some conclusions about policy impacts.…
AuthorsJames Foreman-Peck
Year2006
OrganisationEuropean Invest ment Bank
PublisherEconomic and Finance Studies Division of the EIB
This paper reviews recent empirical evidence that places industrial development and non-traditional manufactures in particular, in the driving seat of economic growth and development. This…
Very little has been written, at least in recent decades, about Keynes's radical rethinking of microeconomic theory and policy in the 1920s. The traditional view…
This paper summarizes the case for open economy industrial policy (OEIP) in Latin America and the Caribbean and responds to potential objections, namely, endogeneity, selection…
The main patterns of industrial development over the past decade are reviewed together with the broad thrusts of industrial policy. Despite major restructuring of industry…
Africa's industrial performance has been poor and its ability to industrialize successfully is under increasing question. This paper argues that industrialization remains vital to African…
This report considers the obstacles to the practice of meaningful industrial policy by the governments of developing countries and also considers their impact on the…
The Finnish experience in the 1990s represents one of the few examples of how knowledge can become the driving force in economic growth and transformation.…
AuthorsPekka Yla-Antilla & Chritopher Palmberg
Year2005
OrganisationETLA - The Research Institute of the Finnish Economy
This paper seeks to contribute to the debate relative to industrial technological capability building in association with changes into a liberalised and globalized economic regime…
AuthorsPaulo N Figueiredo
Year2005
OrganisationDanish Research Unit for Industrial Dynamics
This Report focuses on a number of structural issues that have passed largely unnoticed and where substantial degrees of freedom remain for domestic policymaking vis-à-vis…
This paper examines empirical evidence of the technological capabilities of firms in the industrial pole of Manaus, in a developing area of northern Brazil. It…
This paper looks at the link between emergence and intention for economic development, specifically as it relates to the development of technologically innovative regions. Hence…
The main objective of this paper is to examine critically the importance, performance and underweighting of the industrial sector in Sub-Saharan Africa focusing on three…
South Africa is a developing country that currently has no obligation to reduce greenhouse gas (GHG) emissions under agreements such as the Kyoto Protocol. Moreover,…
Local production of pharmaceuticals in developing countries may be seen as helping to stimulate industrial policy and/or as stimulating pharmaceutical access to needed medicines. However,…
The Energy Foundations China Sustainable Energy Program (CSEP) has undertaken a major project investigating fiscal and tax policy options for stimulating energy efficiency and renewable…
AuthorsLynn Price, Christina Galitsky, Jonathan Sinton, Ernst Worrell & Wina Graus
Year2005
OrganisationUniversity of California
PublisherErnest Orlando Lawrence Berkeley National Laboratory
The paper attempts to provide a concise and holistic overview of post-apartheid South Africa's competing imperatives in designing its economic policy, in which trade and…
The paper presents an in-depth case study of the Shanghai Baosteel Group as a contribution to overall assessment of the competitiveness and catch-up capability of…
Japan, South Korea, and Taiwan are regarded as primary examples of countries that have derived great benefits from increasing integration with the international economy, without…
This article argues that skills development in South Africa must be aligned to the economic and political imperatives of reducing unemployment and poverty, while fostering…
Customs unions represent a form of deep economic integration. The Southern African Customs Union (SACU), comprising four small members - Botswana, Lesotho, Namibia, Swaziland (BLNS)…
While the importance of technological capabilities to economic development is widely acknowledged, there is little agreement about the processes governing these capabilities, or about the…
In this paper, we examine the political economy and consequences of industrial policy in the Middle East and North Africa (MENA) region. Unlike in many…
AuthorsMustapha Nabli, Jennifer Keller, Claudia Nassif and Carlos Silva-Jauregui
The discussion on this paper is based on the development of a framework for conducting industrial policy that minimizes the risk that it will generate…
In the last decade, three countries have figured prominently as cases of late-late developing countries that achieved worldwide success with their Information Technology (IT) industries:…
This paper attempts to determine whether conditions amenable to successful selective interventions to capture cross-industry externalities are likely to be fulfilled in practice. Three criteria…
China's industrial policy for high-technology industries combines key features of the policies pursued elsewhere in East Asia, such as opening to foreign investors and supporting…
This chapter aims to examine whether there are indeed certain institutional prerequisites that a country should have before it can implement selective industrial and trade…
AuthorsHa-Joon Chang
Year2004
OrganisationThe International Development Research Centre
This paper characterises the process of economic policymaking and implementation in Zimbabwe, focusing on trade and industrial policies. Specifically, the study investigates the mechanisms through…
AuthorsBenson Zwizwai, Admore Kambudzi and Bonface Mauwa
Year2004
OrganisationThe International Development Research Centre
Firm-level data were used to estimate changes in factor efficiencies - imported inputs being one of them - over three sub-periods, 1977-84,1985-91,1992-99. These respectively denote…
Empirical evidence strongly suggests that R&D increases a firm's "absorptive capacity" (its ability to absorb spillovers from other firms) as well as contributing directly to…
This paper analyses the interplay of policy reform and entrepreneurship in a model where investment decisions and policy outcomes are both subject to uncertainty. The…
AuthorsMurat Iyigun and Dani Rodrik
Year2004
OrganisationHarvard University and University of Colorado
The 1990s witnessed the emergence of a considerable body of research making a case for placing more emphasis on interfirm co-operation, networks, regional collaboration and…
This paper has a discrete, bounded and limited focus. It is about the role of government in facilitating cluster development in developing country contexts. The…
AuthorsMike Morris, Glen Robbins and Justin Barnes
We study the impact of government's budget constraint on the privatization decision of increasing returns to scale industry. Privatization is associated with prices liberalization, public…
AuthorsEmmanuelle Auriol and Pierre Picard
Year2004
OrganisationUniversity of Toulouse and University of Manchester
A market economy allocates too few resources to an industry with increasing returns to scale, such as an agglomerated cluster. A subsidy to the cluster…
AuthorsLinda Orvedal
Year2004
OrganisationNorwegian School of Economics and Business Administration
Reducing the proportion of state-owned shares (SOSs) in China is a complicated undertaking related to several reform issues, including the strategic reform of the economy…
This paper examines selected policies, programmes and institutions that are central to industrial and trade policy in South Africa. Attention is principally focused on policy…
AuthorsDavid Lewis, Kabelo Reed and Ethel Teljeur
Year2004
OrganisationThe International Development Research Centre
This paper looks at economic reform against the backdrop of lower employment and increasing skill intensity of the economy and a consistently high gini-co-efficent ratio…
During evaluation one should consider what would have happened in the absence of assistance. To produce an assessment of this counter-factual scenario involves considering the…
China has actively implemented an industrial policy during the last two decades. However, despite important progress, the overall result is rather disappointing. Should China continue…
This paper traces the evolution of the policy environment in Kenya with specific reference to strategic trade and industrial policies. It examines the role of…
AuthorsGerrishon K. Ikiara, Joshua Olewe-Nyunya and Walter Odhiambo
Year2004
OrganisationThe International Development Research Centre
Nigeria's experience with external trade and industrialisation is a classic case of tragedy. Since independence the country has experienced rapid de-industrialisation, continuing loss of market…
AuthorsN. I. Ikpeze, C. C. Soludo and N. N. Elekwa
Year2004
OrganisationThe International Development Research Centre
SMEs industrial districts foster their success and the development of their local economic systems through the process of diffusion and accumulation of knowledge between firms…
The Government of the State of Eritrea has defined a macro-economic policy for recovery, reconstruction and development, which emphasises the new role of the Government…
This paper considers a case study of the challenges posed to interventionist economic policy-making by the existence and operation of the free trade institutions. The…
Globalization is a pervasive influence on industrialization in the developing world. As the embodiment of technological progress and more open markets, it offers huge productive…
The paper reviews the nature of current globalization and the growing divergence in competitive performance in the developing world. It considers the case for industrial…
This paper seeks to draw together the work undertaken for the EU (Fourth Framework Programme) TSER project on Science, Technology and Broad Industrial Policy with…
In the policy realm, the orthodox terms of engagement with globalization have been enshrined in the Washington consensus of secure property rights, fiscal discipline, sectorally…
This paper briefly reviews what is new about emerging pathways to innovation in Asian electronics industries. I demonstrate that the role of Asia's leading players…
The United Nations has made access to Information and Communication Technology (ICT) a primary objective for the developing world. Several policies have been implemented to…
Mainstream economics and the Washington Consensus caution against industrial policies that target sectors, firms and regions. At the most they favour cross-sectoral policies which address…
AuthorsJustin Barnes, Raphael Kaplinsky and Mike Morris
Project results show that the international industrial networks in CEE are organized by MNCs and are limited in scope (mainly intra-firm). The weakest node for…
During the 1990s, South Africa's trade policy was drastically reformed. This mainly entailed rapid tariff liberalisation agreed to under the General Agreement on Tariffs and…
This paper analyses the impact of industrial policy on the demand for labour. It shows that South Africa's industrial development has historically been driven by…
Trade policy is a central feature of the South African government's economic policy. In the early post-transition years it was widely debated. This debate is…
The complexity of the system of incentives and uncertainty surrounding the nature of relationships between policy variables in South Africa's motor industry tend to discourage…
AuthorsTrevor Bell
Year2003
OrganisationThe National Union of Metal workers of South Africa (NUMSA)
It is well established that there are collective economic gains to be realised from local industrial agglomerations. These gains arise from labour market pooling, knowledge…
It is well established that there are collective economic gains to be realised from local industrial agglomerations. These gains arise from labour market pooling, knowledge…
Although the Constitution envisages an economic system for Lao PDR based on market mechanisms, a review of the government's overall approach to industrial planning concludes…
The theory of strategic trade policy highlights differences in the commitment ability of firms and governments as a key motivation for intervention in oligopolistic markets.…
Since 2001 the Sector Job Summit project located at NALEDI has been conducting in-depth research in a number of industries in South Africa. The primary…
This paper is an exploration of the social capital needs of industrial development. 'Social capital' attracts considerable attention in socio-political analysis and we are beginning…
This paper offers a nuanced and variegated view of the Southeast Asian economic miracles in comparative East Asian perspective, i.e. by comparing and contrasting the…
This paper explores the regional innovation paradox and its policy implications. The regional innovation paradox refers to the apparent contradiction between the comparatively greater need…
AuthorsChristine Oughton, Mikel Landabaso & Kevin Morgan
This paper examines two sectors, integrated circuits (ICs) and personal computers (PCs). These sectors have figured prominently in Taiwan's technology policy. Both have had their…
This paper is a commentary which addresses the key issues in the South African automotive industry. The paper discusses the success of the motor industry…
U.S. industry consumes approximately 37% of the nations energy to produce 24% of the nations GDP. Increasingly, society is confronted with the challenge of moving…
AuthorsErnst Worrell, Nathan Martin Lynn Price and Michael Ruth
Year2002
OrganisationUniversity of California
PublisherErnest Orlando Lawrence Berkeley National Laboratory
This paper analyses industrial policy in a high wage open economy hosting an agglomeration consisting of vertically linked upstream and downstream firms. We show that…
The continuing expansion and deepening integration of the European union is re-defining the map of threats and opportunities for both companies and regions in Europe.…
For twelve years now, China has attempted to develop and to consolidate its automotive industry through an industrial policy approach closely modeled on that implemented…
This research project on the South African white goods manufacturing industry is part of a broader initiative bringing together researchers globally to study changes taking…
South Africa's economic performance between 1995 and 2000 has been shaped by two main factors. The first is the political transition marked by the country's…
Developments in the automotive industry have received considerable positive publicity over the last few years. Firstly, and most importantly, this is a consequence of rapid…
The Government Integrated Manufacturing Strategy identifies competitiveness as its primary focus, and value matrices as the framework within which to assess manufacturing performance. This paper…
The broad industrial strategy followed since the 1920s, even though not consciously framed in those terms, seemed to display three main characteristics. First, it contained…
While B2B e-commerce represents a major technological innovation and marks a significant development in organisational interconnectivity (i.e., the ability to network both internally and externally),…
Exports and foreign investment in the South African motor industry have been growing rapidly. The Motor Industry Development Program (MIDP) has been a crucial factor…
Before the transition from a socialist to a market economy in 1990, the manufacturing sector generated a quarter of total GDP and modern sector employment.…
The Business and Industry Policy Forum explored how the global restructuring strategies being pursued by firms have changed over time, the challenges that firms face…
The paper contributes to the design of an early-warning system for Thailand by adopting a long-term perspective on structural issues such as the composition of…
In analyzing the impact of industrial policy, it is important to distinguish between the initiation of industrialization and its continuance once a higher level of…
To prepare for the negotiations with government and business at the Sector Job Summits (SJSs), NALEDI and COSATU and its affiliates are developing policies relevant…
The purpose of this paper is to highlight a number of issues that impede sub-Saharan Africa's endeavour to achieve a higher degree of industrialization, with…
Offsets or industrial participation have become an increasingly important part of arms procurement, with the promise of economic benefits often being an important justification of…
Chinese industrial sector energy-efficiency policy has gone through a number of distinct phases since the founding of the People's Republic in 1949. An initial period…
AuthorsLynn Price, Ernst Worrell and J Sinton
Year2001
OrganisationUniversity of California
PublisherErnest Orlando Lawrence Berkeley National Laboratory
The theory of strategic trade policy yields ambiguous recommendations for assistance to exporting firms in oligopolistic industries. However, some writers have suggested that investment subsidies…
The recent emergence of the cluster concept represents one of the most common policy approaches to addressing the tensions between globalization and localization. Originally articulated…
The purpose of this report is to provide a preliminary overview of the 'key' trends, challenges and opportunities facing the leather industry of South Africa.…
In May 2001, the State Government of Orissa organized a review workshop in Bhubaneswar to discuss prospects for growth and industrial policy, following the undertaking…
Industrial Policy in the traditional sense was reactive, bureaucratic and demand side based. By contrast, modern industrial policy requires pro-active intervention and changes. Consequently, it…
South Africa's current industrial policy has a two level focus: sectoral and spatial. The former (addressed here) deals with improving the performance and competitiveness of…
Through a study of the plastics sector in South Africa, the article critically examines the pro-globalisation position that greater openness yields gains from exports and…
Recent research has demonstrated the possibility of welfare-enhancing industrial policy. This paper analyses the impact of industrial policy on Japan's trade pattern, and explores the…
This paper explores how growth and job creation depend on private sector choices concerning how to produce, that is the relative proportions of capital and…
AuthorsMichael Samson, Kenneth Mac Quene and Ingrid van Niekerk
The post-apartheid 'economic miracle' has not happened. Job losses are reaching astronomical proportions. While the current Budget is expansionary, it will not lead to the…
This document adopts the DPE's assumption that competition will almost inevitably ensure more efficient and effective service delivery. The principal insight underlying the DTI's industrial…
This article aims to analyse some of the possibilities and barriers that local communities face in promoting endogenous industrial development in an increasingly globalised economy.…
The debate about industrial policy occasioned by the East Asian financial crisis is the latest chapter in an ongoing discussion about the effectiveness of selective…
This paper analyses the case for selective industrial and trade policies in Africa, drawing upon the lessons of East Asia. It reviews the theoretical arguments…
In continued pursuit of its mandate to help countries reduce poverty and improve living standards through sustainable growth and investment in people, the World Bank…
We characterise optimal trade and industrial policy in dynamic oligopolistic markets. If governments can commit to future policies, optimal first-period intervention should diverge from the…
Vietnam intends S&T to be one of the components of the nation's socio-economic strategy. Against that larger framework, the vision of the long-term aspirations of…
This paper searches for the origins of the relatively successful performance of Hoogovens, the only sizeable steel firm in the Netherlands. It is suggested that…
Indonesia's competitiveness declined in the second half of the 1990s relative to other countries in Southeast and South Asia. The country now faces the real…
Catching-up of East German productivity to West German levels has halted completely since the mid l990s. The remaining productivity gap cannot be attributed to an…
This paper develops a model of joint determination of trade and industrial policies where the politicians in charge of the government can direct the rents…
Since China promulgated the first explicit industrial policy in 1989, state intervention with respect to business in China has become more industry-oriented. National economic planning…
AuthorsLu Ding
Year2000
OrganisationCPB, the National Bureau for Economic Policy Analysis
Government is studied as a supporter of science and of the transformation of scientific discoveries into new technology and firm formation. The importance of scientific…
The report examines the relationship between industrial and environmental policies in Pakistan, recommends policy measures that could optimize economic benefits from industrial development with reduced…
AuthorsZehra Aftab, Laiq Ali, A. M. Khan, A. C. Robinson and I. A. Irshad
The aim of this paper is to review the objectives and instruments of industrial policy in a changing global context and multilateral rules and discipline.…
AuthorsBijit Bora, Peter J. Lloyd and Mari Pangestu
Technology has long been held to contribute to economic growth through productivity improvement, but early studies of information technology (IT) investments and economic growth found…
This paper examines the issue of whether harmonising taxes across the traded and non-traded sectors is desirable. Preferential treatment for the traded sector might be…
With the exception of a few countries, the post-independence development of Sub-Saharan Africa has been disappointing. In most countries, the growth of national income has…
AuthorsTenkir Bonger
Year1999
OrganisationThe International Development Research Centre
This paper critically reviews the East Asian Miracle Report and relates to the debate around the existence of industrial policy in these countries, and whether…
From a dramatic transformation as an Asian miracle with unprecedented economic growth in the past two decades, the Asian miracle turned into an Asian debacle…
Our concern in this paper is with firm-specific industrial policy. When R&D subsidies or taxes are differentiated among firms, the question arises as to which…
There are three main paradigms that are the basis for the industrial policies throughout the world: institutionalism, Marxism, and free-enterprise. Of the three, two have…
AuthorsWalter Block, W. Robert McGee and Kristi Spissinger
COSATU's submission to Parliament regarding the effect of the Department of Trade and Industry's industrial policy on the performance of manufacturing focuses specifically on: an…
Today's economic map of the world is dominated by what are called clusters: geographically concentrated critical masses of unusual competitive success in particular fields. Clusters…
The manufacturing sector has traditionally been the primary focus of both the trade and industrial policy literature and the national departments of trade and industry…
That the growth performance of South African manufacturing industry has deteriorated markedly since the mid- 1970s, and that a major improvement in the performance of…
The paper attempts to document the various kinds of industrial and technology policy that have commonly be put in practice and then to provide indicators…
AuthorsRakesh Mohan
Year1998
OrganisationNational Council of Applied Economic Research
This article explores the contradictions between the industrial policies of the EU and EU national states and the Single Market program of elimination of NTBs…
This report describes trends in Member country policies for industrial development and competitiveness in order to promote economic growth, wealth creation and employment. Government policy…
Many of the programmes and policies designed by the DTI represent a major departure from the policy framework used by the previous government.The previous government…
Recent literature on industrial districts and enterprise clusters suggests that the grouping of enterprises into sectoral and geographic clusters gives rise to a certain collective…
This paper explores the links between international trade theory and the practice of trade and industrial policy in open economies, with special attention to three…
This paper looks at some of the relevant and critical issues facing the South African government in devising an industrial policy. It provides an overview…
The existence of strong spill-over effects from private R&D increases the potential social contribution of R&D, but may depress the private incentives to undertake it.…
The debate on industrial policy is often counterposed between two truisms. On the one hand, market-based resource allocation is clearly important - it is not…
AuthorsRaphael Kaplinsky and Edmund Mhlongo
Year1997
OrganisationUniversity of Cape Town and University of Sussex
It is argued that industrial policy for Eastern Europe is required to reduce the social costs of transition. The proposed industrial policy is based on…
A Framework: Numsa 1. Believes that to reconstruct and develop the economy requires an interventionist state especially with regard to industry and trade policy. 2.…
This paper first argues that if industrial policy toolds are defined as 'state measures designed primarily to affect the allocation of resources between economic activities,…
This article revisits the relationship between the state and industrial development in Africa. The analysis shows the mutuality of states and markets in African industrialization,…
We empirically evaluate the aggregate welfare effects and structural adjustment for the Spanish economy that would follow from trade liberalization with the European Economic Community.…
AuthorsDavid Roland-Holst, Clemente Polo and Ferran Sancho
Encouraging the growth of small and medium enterprises (SMEs) is widely seen as being an important plank of industrial policy in developing countries. Concerns that…
This paper assesses the coherence of industrial policy, competition policy and trade policy in the European Union (EU). This assessment is undertaken from the perspective…
AuthorsDominique Foray, Pauline Rutsaert and Luc Soete
Year1995
OrganisationTinbergen Institute
PublisherMaastricht Economic Research Institute on Innovation and Technology
This volume critically evaluates current proposals to target industries with trade and industrial policies. It begins by explaining why proponents' arguments make sense only in…
The basic policy changes towards increased market orientation and private sector development in recent years have been necessitated by global economic developments. In the newly…
In most developing economies, industrialization has constituted a major objective of development strategy and government policy. It has been recognized that rapid industrial growth is…
This report examines the trade and industrial policies currently advocated by the major development agencies. It calls for a shift away from the current emphasis…
Government policies designed to give domestic exporters a strategic advantage in world markets are completely effective only if the government can commit to those policies…
The overriding objective of industrial policy is to accelerate the pace of industrial development by radically increasing value-added at every stage of the value chain.…
This paper evaluates the current NIP proposals by first explaining the general economic consequences of the 'protective state' that facilitates market exchange and economic efficiency,…
This paper examines the experience of Hungary with the development and implementation of its industrial policy. Hungary is a particularly interesting case study for several…
The advocacy of an "industrial policy" or a more extensive "government-business partnership" has come into vogue in recent years in the United States, particularly among…
As its contemporary advocates employ the term, "industrial policy" imports a peculiar form of governmental intervention in the evolutionary process of the market economy.1 In…
One of the principal motivations for the establishment of an industrial policy in the United States is to counteract or facilitate structural change in the…
As a professional economist, I have a deeply-rooted skepticism about the capacity of government to manage economic growth or technological change more efficiently than the…