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Industrial Policy and Development: The Political Economy of Capabilities Accumulation

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Editor Info

  • Cimoli, Mario
    (Professor of Economics, University of Venice, and Economic Affairs Officer, ECLAC, United Nations)
  • Dosi, Giovanni
    (Professor of Economics, Scuola Superiore Sant'Anna, Pisa)
  • Stiglitz, Joseph E.
    (University Professor, Columbia University)

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Abstract

In the 1990s, development policy advocated by international financial institutions was influenced by Washington Consensus thinking. This strategy, based largely on liberalization, privatization, and price-flexibility, downplayed, if not disregarded, the role of government in steering the processes of technological learning and economic growth. With the exception of the Far East, many developing countries adopted the view that industrial policy resulted in inefficiency and poor economic growth. Ample historical evidence shows that industrial policy does work, when the right technologies and industries are supported and when appropriate combinations of policy measures are implemented. This book provides an in-depth exploration of which industrial policies have been successful, the trade-offs associated with these microeconomic approaches to growth and development, and the opportunities and constraints associated with the current organization of international economic relations. Contributors to this volume - Mario Cimoli, Economic Commission for Latin America and the Carribean (ECLAC) and University of Venice Giovanni Dosi, LEM Pisa and University of Manchester Joseph E. Stiglitz, Columbia University Richard R. Nelson, Carolina Castaldi, Utrecht University Nelson Correa, ECLAC Erik S. Reinert, Norway and Tallinn University of Technology Michele Di Maio, University of Macerata Yilmaz Akyuz, Former Director UNCTAD Wilson Peres, ECLAC Jose Gabriel Palma, University of Cambridge Bernardo Kosakoff, Director ECLAC Adrian Ramos, ECLAC Antonio Barros de Castro, BNDES Ajit Singh, University of Cambridge Carl J. Dahlman, Georgetown University Mushtaq H. Khan, SOAS, University of London Stephanie Blankenburg, SOAS, University of London Roberto Mazzoleni, Hofstra University Alice H. Amsden Colin Mayer, University of Oxford Mario L. Possas, Federal University of Rio de Janeiro Heloisa L. Borges, IE/UFRJ Mike Hobday, University of Sussex Fernando Afonso de Barros Perini, University of Sussex Benjamin Coriat, Universite de Paris 13 Annalisa Primi, ECLAC, United Nations

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Bibliographic Info

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This book is provided by Oxford University Press in its series OUP Catalogue with number 9780199235278 and published in 2009.

ISBN: 9780199235278
Order: http://ukcatalogue.oup.com/product/9780199235278.do
Handle: RePEc:oxp:obooks:9780199235278

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Cited by:
  1. Adrian Smith & Rob P.J.M. Raven, 2011. "What is protective space? Reconsidering niches in transitions to sustainability," Eindhoven Center for Innovation Studies (ECIS) working paper series 11-05, Eindhoven Center for Innovation Studies (ECIS), revised Aug 2011.
  2. Dimitri Uzunidis & Blandine Laperche, 2011. "The New Mercantilism and the Crisis of the Global Knowledge Economy," Journal of the Knowledge Economy, Springer, vol. 2(3), pages 373-392, September.
  3. Otsuka, Keijiro & Sonobe, Tetsushi, 2011. "A cluster-based industrial development policy for low-income countries," Policy Research Working Paper Series 5703, The World Bank.
  4. Shimada, Go, 2013. "The Economic Implications Of Comprehensive Approach To Learning On Industrial Development (Policy And Managerial Capability Learning):," Working Papers 1001, JICA Research Institute.
  5. Jordi Catalan & Ramon Ramon-Munoz, 2011. "The origins of Made in Spain fashion. The competitive advantage of the textile, apparel and footwear districts since the Golden Age," Working Papers in Economics 265, Universitat de Barcelona. Espai de Recerca en Economia.
  6. Bogliacino, Francesco & Rampa, Giorgio, 2014. "Expectational bottlenecks and the emerging of new organizational forms," Structural Change and Economic Dynamics, Elsevier, vol. 29(C), pages 28-39.

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