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What is new in the new industrial policy? A manufacturing systems perspective

Author

Listed:
  • Eoin O’Sullivan
  • Antonio Andreoni
  • Carlos López-Gómez
  • Mike Gregory

Abstract

This paper explores the recent evolution of manufacturing-related policies in leading OECD economies—Germany, Japan, the United Kingdom, and the United States. A novel framework, the industrial policy matrix, is introduced and then used to illustrate and compare policy approaches in terms of factor inputs, intervention levels, and degrees of coordination. While approaches adopted in different countries vary, reflecting their respective contexts, there is some evidence of a convergence on the effectiveness of particular programmes and organizations as well as on the characteristics that support the competitiveness of national manufacturing systems, including coordination and alignment of related policies, partnerships with industry, and longer-term investment and planning. Copyright 2013, Oxford University Press.

Suggested Citation

  • Eoin O’Sullivan & Antonio Andreoni & Carlos López-Gómez & Mike Gregory, 2013. "What is new in the new industrial policy? A manufacturing systems perspective," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 29(2), pages 432-462, SUMMER.
    • Handle: RePEc:oup:oxford:v:29:y:2013:i:2:p:432-462
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    File URL: http://hdl.handle.net/10.1093/oxrep/grt027
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    Citations

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    Cited by:

    1. Marta Anna GÖTZ, 2015. "Pursuing FDI policy in the EU – Member States and their policy space," Journal of Economics and Political Economy, KSP Journals, vol. 2(2), pages 290-308, June.
    2. Di Tommaso, Marco R. & Tassinari, Mattia & Barbieri, Elisa & Marozzi, Marco, 2020. "Selective industrial policy and ‘sustainable’ structural change. Discussing the political economy of sectoral priorities in the US," Structural Change and Economic Dynamics, Elsevier, vol. 54(C), pages 309-323.
    3. Bondarev, Anton & Dato, Prudence & Krysiak, Frank C., 2021. "Green Technology Transitions with an Endogenous Market Structure," Working papers 2021/07, Faculty of Business and Economics - University of Basel.
    4. Lütkenhorst, Wilfried, 2018. "Creating wealth without labour? Emerging contours of a new techno-economic landscape," IDOS Discussion Papers 11/2018, German Institute of Development and Sustainability (IDOS).
    5. SUZUKI Jun, 2017. "To Support R&D or Linkages? Seeking a better policy mix for SME support," Discussion papers 17098, Research Institute of Economy, Trade and Industry (RIETI).
    6. Karl Aiginger, 2014. "Industrial Policy for a Sustainable Growth Path. WWWforEurope Policy Paper No. 13," WIFO Studies, WIFO, number 47261, April.
    7. Sandrine Labory & Patrizio Bianchi, 2014. "The institutional framework of Industrial policies," Working Papers 2014203, University of Ferrara, Department of Economics.
    8. John Weiss & Adnan Seric, 2021. "Industrial policy: Clarifying options through taxonomy and decision trees," Development Policy Review, Overseas Development Institute, vol. 39(5), pages 773-788, September.
    9. Lechevalier, Sébastien & Debanes, Pauline & Shin, Wonkyu, 2019. "Financialization and industrial policies in Japan and Korea: Evolving institutional complementarities and loss of state capabilities," Structural Change and Economic Dynamics, Elsevier, vol. 48(C), pages 69-85.
    10. Sébastien Lechevalier & Pauline Debanes & Shin Wonkyu, 2016. "Financialization and industrial policies in Japan and Korea: Evolving complementarities and loss of institutional capabilities," Working Papers halshs-01431783, HAL.
    11. Sandrine Labory, 2014. "Determining Industrial Policy in Current Conditions of Competition," QA - Rivista dell'Associazione Rossi-Doria, Associazione Rossi Doria, issue 4, December.
    12. Carolina Hintzmann & Josep Lladós-Masllorens & Raul Ramos, 2021. "Intangible Assets and Labor Productivity Growth," Economies, MDPI, vol. 9(2), pages 1-21, May.
    13. Samford, Steven, 2022. "Decentralization and local industrial policy in Mexico," World Development, Elsevier, vol. 158(C).
    14. Andreoni, Antonio & Chang, Ha-Joon, 2019. "The political economy of industrial policy: Structural interdependencies, policy alignment and conflict management," Structural Change and Economic Dynamics, Elsevier, vol. 48(C), pages 136-150.
    15. Michael Peneder & Gerhard Streicher, 2016. "De- versus Re-industrialisation: Is Structural Change Reversible?," WIFO Working Papers 506, WIFO.
    16. Bianchi, Patrizio & Labory, Sandrine, 2019. "Manufacturing regimes and transitional paths: Lessons for industrial policy," Structural Change and Economic Dynamics, Elsevier, vol. 48(C), pages 24-31.
    17. Michael Peneder, 2014. "Warum die Neue Industriepolitik die Deindustrialisierung beschleunigen wird," FIW Policy Brief series 023, FIW.
    18. Karl Aiginger, 2014. "Industrial Policy for a Sustainable Growth Path," WIFO Working Papers 469, WIFO.

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