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Industrial policy and economic development: a review of the contemporary debate

Author

Listed:
  • Daniel Arruda Coronel
  • André Filipe Zago de Azevedo
  • Antônio Carvalho Campos

Abstract

Industrial policy and economic development: a review of the contemporary debate. This paper discusses the importance of the industrial policy for the Brazilian economic development. It presents the theoretical foundations and the main international experiences about this theme. Besides it examines the main industrial policies adopted in Brazil, especially in recent years. Based on this discussion, it is possible to note that despite the criticisms against this policy, they were widely used by many developed countries in the past and also played an important role, contributing to increase the industrial growth in Brazil. However, the recent Brazilian industrial policies were not so efficient, especially when compared with those adopted during most of the XX century. JEL Classification: L16; O14.

Suggested Citation

  • Daniel Arruda Coronel & André Filipe Zago de Azevedo & Antônio Carvalho Campos, 2014. "Industrial policy and economic development: a review of the contemporary debate," Brazilian Journal of Political Economy, Center of Political Economy, vol. 34(1), pages 103-119.
  • Handle: RePEc:ekm:repojs:v:34:y:2014:i:1:p:103-119:id:263
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    More about this item

    Keywords

    industrial policy; economic development; Brazilian economy;
    All these keywords.

    JEL classification:

    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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