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Industrial Policy in the Twenty-First Century: Challenges for the Future

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  • John Weiss

Abstract

Industrial policy has attracted considerable controversy in the development context. This paper makes a case for a pragmatic and limited approach to interventions as a means of stimulating industrialization in the context of current and future challenges facing newly industrializing economies. It begins with a simple definition of industrial policy, a brief survey of the theoretical case, and a taxonomy of different possible interventions.

Suggested Citation

  • John Weiss, 2011. "Industrial Policy in the Twenty-First Century: Challenges for the Future," WIDER Working Paper Series wp-2011-055, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2011-055
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2011-055.pdf
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    References listed on IDEAS

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    Cited by:

    1. Josif Iliev, 2014. "The process of reindustrialisation – a strategic challenge to national economy," Economic Thought journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 6, pages 3-14,15-25.
    2. Antoine AUSSEUR & Clémence VERGNE, 2017. "La croissance de l’Afrique subsaharienne : diversité des trajectoires et des processus de transformation structurelle," Working Paper 7437bebd-62f2-482f-8cc9-d, Agence française de développement.
    3. Florian Schaefer & Girum Abebe, 2015. "The case for industrial policy and its application in the Ethiopian cut flower sector," Working Papers 012, Policy Studies Institute.
    4. Kejing Chen & Qiaoshuang Meng & Yutao Sun & Qingqing Wan, 2024. "How does industrial policy experimentation influence innovation performance? A case of Made in China 2025," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-17, December.
    5. Bethelehem Berhane Kidane, 2014. "The Effect of Improved Productivity of the Manufacturing Industries on the Ethiopian Economy: a Computable General Equilibrium (CGE) Analysis," Ethiopian Journal of Economics, Ethiopian Economics Association, vol. 22(1), November.

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