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Industrial policy and development

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  • Furtado, João
  • Suzigan, Wilson

Abstract

This article examines some theoretical approaches in support of industrial policy in Brazil, with special emphasis on the neo-Schumpeterian/evolutionary approach. This approach is applied to the analysis of some satisfactory experiences in the field of industrial policy and economic development in Brazil up to the end of the 1970s, and some unsuccessful attempts in this field from the 1980s on. Lastly, it evaluates the industrial policy applied by the government in the 2003- 2006 period, noting that, in spite of some positive aspects -the emphasis on innovation, clear goals and a new institutional organization- that policy has some weak points, such as its incompatibility with macroeconomic policy, lack of coherence between economic instruments, shortcomings in infrastructure and in the science, technology and innovation system, and lack of coordination and political will.

Suggested Citation

  • Furtado, João & Suzigan, Wilson, 2006. "Industrial policy and development," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), August.
    • Handle: RePEc:ecr:col070:11160
    Note: Includes bibliography
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    References listed on IDEAS

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    1. Rodrik, Dani, 2004. "Industrial Policy for the Twenty-First Century," CEPR Discussion Papers 4767, C.E.P.R. Discussion Papers.
    2. Nelson, Richard R & Pack, Howard, 1999. "The Asian Miracle and Modern Growth Theory," Economic Journal, Royal Economic Society, vol. 109(457), pages 416-436, July.
    3. W. M. Corden, 1980. "Relationships between Macro‐economic and Industrial Policies," The World Economy, Wiley Blackwell, vol. 3(2), pages 167-184, September.
    4. Giovanni Dosi, 2000. "Institutions and Markets in a Dynamic World," Chapters, in: Innovation, Organization and Economic Dynamics, chapter 20, pages 593-620, Edward Elgar Publishing.
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    Cited by:

    1. Stehnken, Thomas, 2010. "Innovationspolitik in Brasilien - Kontinuitäten und neue Entwicklungen während der Regierung Lula da Silva," Discussion Papers "Innovation Systems and Policy Analysis" 27, Fraunhofer Institute for Systems and Innovation Research (ISI).
    2. Slavo Radosevic, 2009. "Policies for Promoting Technological Catch Up: Towards a Post-Washington Approach," Institutions and Economies (formerly known as International Journal of Institutions and Economies), Faculty of Economics and Administration, University of Malaya, vol. 1(1), pages 23-52, June.
    3. Guennif, Samira & Ramani, Shyama V., 2012. "Explaining divergence in catching-up in pharma between India and Brazil using the NSI framework," Research Policy, Elsevier, vol. 41(2), pages 430-441.
    4. Adami, Vivian Sebben & Antunes Júnior, José Antônio Valle & Sellitto, Miguel Afonso, 2017. "Regional industrial policy in the wind energy sector: The case of the State of Rio Grande do Sul, Brazil," Energy Policy, Elsevier, vol. 111(C), pages 18-27.
    5. Ramani, Shyama V. & Urias, Eduardo, 2018. "When access to drugs meets catch-up: Insights from the use of CL threats to improve access to ARV drugs in Brazil," Research Policy, Elsevier, vol. 47(8), pages 1538-1552.
    6. Shyama V. Ramani & Samira Guennif, 2012. "Catching up in the Pharmaceutical Sector: Lessons from Case Studies of India and Brazil," Chapters, in: Franco Malerba & Richard R. Nelson (ed.), Economic Development as a Learning Process, chapter 5, Edward Elgar Publishing.
    7. Slavo Radosevic & Despina Kanellou & George Tsekouras, 2023. "The experimentation–accountability trade-off in innovation and industrial policy: are learning networks the solution?," Science and Public Policy, Oxford University Press, vol. 50(4), pages 655-669.
    8. Peres, Wilson, 2011. "Industrial Policies in Latin America," WIDER Working Paper Series 048, World Institute for Development Economic Research (UNU-WIDER).

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    More about this item

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General

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