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Industrial Policy and Growth Author info | Abstract | Publisher info | Download info | Related research | Statistics Helen Shapiro
The paper highlights how the rationales and instruments of industrial policy have changed since the 1960s. It finds that theories of industrialization have come full circle, as many of the assumptions behind the market failure paradigm have made a comeback. The policy implications of these theories, however, have not been similarly resurrected. It makes an explicit comparison between the strategies of East Asia and Latin America, and reviews the explanations for their divergent performance. It identifies a “back to the future” quality of Latin America’s situation, pointing to the region’s balance of payments constraint and dependence on commodity-like industrial products.
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Paper provided by United Nations, Department of Economics and Social Affairs in its series Working Papers with number
53.
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Length: 17 pages
Date of creation: Aug 2007Date of revision:
Handle: RePEc:une:wpaper:53Contact details of provider: Email: Web page: http://www.un.org/esa More information through EDIRC
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Keywords: Industrial Policy Competitiveness East Asia Latin America Other versions of this item:
Find related papers by JEL classification: L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods L53 - Industrial Organization - - Regulation and Industrial Policy - - - Enterprise Policy O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology O38 - Economic Development, Technological Change, and Growth - - Technological Change - - - Government Policy O53 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East O54 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
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