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The publication attempts to define the concept of industrial policy, to review certain relevant historical experiences, and to examine the current state of the art of industrial policy in Latin America. First section presents introductory notes regarding the importance of manufacturing in the development process. The second section defines the concept of industrial policy and its scope. The third section discusses industrial policy’s raison d’être. The fourth section provides an overview of the principal features of industrial policy at various historical times and places. The fifth section focuses on industrial policy in Latin America, presenting a balance of progresses and obstacles, and examining measures to overcome implementation problems, while the sixth section concludes.
Industrialization supported by industrial hubs has been widely associated with structural transformation and catch-up. But while the direct economic benefits of industrial hubs are significant, their value lies first and foremost in their contribution as incubators of industrialization, production and technological capability, and innovation. The Oxford Handbook of Industrial Hubs and Economic Development adopts an interdisciplinary approach to examine the conceptual underpinnings, review empirical evidence of regions and economies, and extract pertinent lessons for policy reasearchers and practitioners on the key drivers of success and failure for industrial hubs. This Handbook illustrates the diverse and complex nature of industrial hubs and shows how they promote industrialization, economic structural transformation, and technological catch-up. It explores the implications of emerging issues and trends such as environmental protection and sustainability, technological advancement, shifts in the global economy, and urbanization.
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
How does science work? Does it tell us what the world is “really” like? What makes it different from other ways of understanding the universe? In Theory and Reality, Peter Godfrey-Smith addresses these questions by taking the reader on a grand tour of more than a hundred years of debate about science. The result is a completely accessible introduction to the main themes of the philosophy of science. Examples and asides engage the beginning student, a glossary of terms explains key concepts, and suggestions for further reading are included at the end of each chapter. Like no other text in this field, Theory and Reality combines a survey of recent history of the philosophy of science with current key debates that any beginning scholar or critical reader can follow. The second edition is thoroughly updated and expanded by the author with a new chapter on truth, simplicity, and models in science.
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.
What is Industrial Policy A country's industrial policy (IP) or industrial strategy is its official strategic effort to encourage the development and growth of all or part of the economy, often focused on all or part of the manufacturing sector. The government takes measures "aimed at improving the competitiveness and capabilities of domestic firms and promoting structural transformation". A country's infrastructure is a major enabler of the wider economy and so often has a key role in IP. How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Industrial policy Chapter 2: Economy of South Korea Chapter 3: Free trade Chapter 4: Import substitution industrialization Chapter 5: Protectionism Chapter 6: Four Asian Tigers Chapter 7: Development economics Chapter 8: Knowledge economy Chapter 9: Washington Consensus Chapter 10: Dani Rodrik Chapter 11: Jomo Kwame Sundaram Chapter 12: International economics Chapter 13: Export-oriented industrialization Chapter 14: Developmental state Chapter 15: Taiwan Miracle Chapter 16: Competition (economics) Chapter 17: Ha-Joon Chang Chapter 18: Gerschenkron effect Chapter 19: Structuralist economics Chapter 20: Sanjaya Lall Chapter 21: Green industrial policy (II) Answering the public top questions about industrial policy. (III) Real world examples for the usage of industrial policy in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Industrial Policy.
The main objective of this book has been to carry out research into the definition of industrial policy and its goals; to evaluate previously-introduced policies and instruments; and to identify the future challenges for and features of a modern EU industrial policy. A modern industrial policy is seen as a non-traditional policy towards the industrial sector, based not necessarily on only the elimination of market failures (within the sectoral and/or horizontal approaches), but rather on the expanding the scope of industrial economic activities within the framework of both the pre- and post-fabrication stages. The book targets three market segments: academics; policy and decision-makers at the EU, national and regional level, as well as business practitioners. It includes a wide-ranging analysis of different spheres of industrial policies conducted within the European Union, making it of interest to an international audience. Each chapter also offers detailed and valuable comments, as well as conclusions that can be generally applied, ensuring the book’s universality. The book presents the results of a research project conducted in the Collegium of World Economy at the Warsaw School of Economics.