IDEAS home Printed from https://ideas.repec.org/a/sae/polsoc/v37y2009i4p521-553.html
   My bibliography  Save this article

Industrial Policy in the United States: A Neo-Polanyian Interpretation

Author

Listed:
  • Andrew Schrank

    (University of New Mexico, Albuquerque, NM, USA, schrank@unm.edu)

  • Josh Whitford

    (Columbia University, New York, NY, USA, jw2212@columbia.edu)

Abstract

The conventional wisdom holds that U.S. political institutions are inhospitable to industrial policy. The authors call the conventional wisdom into question by making four claims: (1) the activities targeted by industrial policy are increasingly governed by decentralized production networks rather than markets or hierarchies, (2) “network failures†are therefore no less threatening to industrial dynamism than market or organizational failures, (3) the spatial and organizational decentralization of production have simultaneously increased the demand and broadened the support for American industrial policy, and (4) political decentralization is therefore likely to improve the functioning of industrial policies designed to combat network failures.

Suggested Citation

  • Andrew Schrank & Josh Whitford, 2009. "Industrial Policy in the United States: A Neo-Polanyian Interpretation," Politics & Society, , vol. 37(4), pages 521-553, December.
  • Handle: RePEc:sae:polsoc:v:37:y:2009:i:4:p:521-553
    DOI: 10.1177/0032329209351926
    as

    Download full text from publisher

    File URL: https://journals.sagepub.com/doi/10.1177/0032329209351926
    Download Restriction: no

    File URL: https://libkey.io/10.1177/0032329209351926?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. David B. Audretsch & Juergen Weigand & Claudia Weigand, 2002. "The Impact of the SBIR on Creating Entrepreneurial Behavior," Economic Development Quarterly, , vol. 16(1), pages 32-38, February.
    2. Crouch, Colin, 2005. "Capitalist Diversity and Change: Recombinant Governance and Institutional Entrepreneurs," OUP Catalogue, Oxford University Press, number 9780199286652.
    3. Francis M. Bator, 1958. "The Anatomy of Market Failure," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 72(3), pages 351-379.
    4. Crepaz, Markus M. L., 2002. "Duane Swank, Global Capital, Political Institutions, and Policy Change in Developed Welfare States. Cambridge University Press, Cambridge, 2002," Journal of Public Policy, Cambridge University Press, vol. 22(01), pages 101-106, January.
    5. Ron Martin & Peter Sunley, 2003. "Deconstructing clusters: chaotic concept or policy panacea?," Journal of Economic Geography, Oxford University Press, vol. 3(1), pages 5-35, January.
    6. Jorge Carrillo, 2004. "Transnational Strategies and Regional Development: The Case of GM and Delphi in Mexico," Industry and Innovation, Taylor & Francis Journals, vol. 11(1-2), pages 127-153.
    7. Kevin M. Murphy & Robert H. Topel, 2006. "The Value of Health and Longevity," Journal of Political Economy, University of Chicago Press, vol. 114(5), pages 871-904, October.
    8. Timothy J. Bartik, 2003. "Thoughts on American Manufacturing Decline and Revitalization," Upjohn Working Papers 03-96, W.E. Upjohn Institute for Employment Research.
    9. Gary Herrigel, 2004. "Emerging Strategies and Forms of Governance in High-Wage Component Manufacturing Regions," Industry and Innovation, Taylor & Francis Journals, vol. 11(1-2), pages 45-79.
    10. Kogut, Bruce, 1989. "The Stability of Joint Ventures: Reciprocity and Competitive Rivalry," Journal of Industrial Economics, Wiley Blackwell, vol. 38(2), pages 183-198, December.
    11. Fred Block, 2007. "Understanding the Diverging Trajectories of the United States and Western Europe: A Neo-Polanyian Analysis," Politics & Society, , vol. 35(1), pages 3-33, March.
    12. Bill Luker, 1997. "The Public Sector and Sunbelt Development," Challenge, Taylor & Francis Journals, vol. 40(4), pages 58-82, July.
    13. Chong Ju Choi & Carla C. J. M. Millar & Caroline Y. L. Wong, 2005. "Knowledge and Competition," Palgrave Macmillan Books, in: Knowledge Entanglements, chapter 0, pages 97-117, Palgrave Macmillan.
    14. Alan Hughes, 2007. "Innovation Policy as cargo cult: Myth and Reality in knowledge-led Productivity Growth," Working Papers wp348, Centre for Business Research, University of Cambridge.
    15. Henry Etzkowitz, 2006. "The new visible hand: An assisted linear model of science and innovation policy," Science and Public Policy, Oxford University Press, vol. 33(5), pages 310-320, June.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Ergen, Timur, 2015. "Große Hoffnungen und brüchige Koalitionen: Industrie, Politik und die schwierige Durchsetzung der Photovoltaik," Schriften aus dem Max-Planck-Institut für Gesellschaftsforschung Köln, Max Planck Institute for the Study of Societies, volume 83, number 83.
    2. Nichola Lowe & Maryann P. Feldman, 2018. "Breaking the Waves: Innovating at the Intersections of Economic Development," Economic Development Quarterly, , vol. 32(3), pages 183-194, August.
    3. Voszka, Éva, 2020. "Állami vagy magántulajdon? Adalékok egy dichotómia értelmezéséhez [Public or private ownership? Some remarks on the interpretation of a dichotomy]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1193-1216.
    4. Lanahan, Lauren & Feldman, Maryann P., 2015. "Multilevel innovation policy mix: A closer look at state policies that augment the federal SBIR program," Research Policy, Elsevier, vol. 44(7), pages 1387-1402.
    5. Fisher, Erik, 2019. "Governing with ambivalence: The tentative origins of socio-technical integration," Research Policy, Elsevier, vol. 48(5), pages 1138-1149.
    6. Philipp Brandt & Andrew Schrank & Josh Whitford, 2018. "Brokerage and Boots on the Ground: Complements or Substitutes in the Manufacturing Extension Partnerships?," Economic Development Quarterly, , vol. 32(4), pages 288-299, November.
    7. Maryann P. Feldman & Lauren Lanahan & Iryna V. Lendel, 2014. "Experiments in the Laboratories of Democracy," Economic Development Quarterly, , vol. 28(2), pages 107-131, May.
    8. Voszka, Éva & Végh, Marcell Zoltán & London, András, 2023. "Támogatási nagyüzem - az egyedi kormánydöntések példája [Large-scale subsidizing - the example of case-by-case government decisions]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(12), pages 1297-1337.
    9. Marco R. Di Tommaso & Stuart O. Schweitzer, 2013. "Industrial Policy in America," Books, Edward Elgar Publishing, number 13749.
    10. Marian Negoita, 2014. "Globalization, state, and innovation: An appraisal of networked industrial policy," Regulation & Governance, John Wiley & Sons, vol. 8(3), pages 371-393, September.
    11. Bulfone, Fabio & Ergen, Timur & Kalaitzake, Manolis, 2022. "No strings attached: Corporate welfare, state intervention, and the issue of conditionality," MPIfG Discussion Paper 22/2, Max Planck Institute for the Study of Societies.
    12. Eyüp ÖZVEREN & Erkan GÜRPINAR, 2024. "More a Commons Than a Fictitious Commodity: Tacit Knowledge, Sharing, and Cooperation in Knowledge Governance," Journal of the Knowledge Economy, Springer;Portland International Center for Management of Engineering and Technology (PICMET), vol. 15(1), pages 3824-3843, March.
    13. Nichola J. Lowe, 2014. "Beyond the Deal," Economic Development Quarterly, , vol. 28(4), pages 287-299, November.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Vincent FRIGANT & Martin ZUMPE, 2014. "The persistent heterogeneity of trade patterns: A comparison of four European Automotive Global Production Networks," Cahiers du GREThA (2007-2019) 2014-24, Groupe de Recherche en Economie Théorique et Appliquée (GREThA).
    2. Frigant, Vincent & Zumpe, Martin, 2014. "Are automotive global production networks becoming more global? Comparison of regional and global integration processes based on auto parts trade data," MPRA Paper 55727, University Library of Munich, Germany.
    3. Anna Moretti & Francesco Zirpoli, 2014. "A dynamic theory of network failure," Working Papers 14, Department of Management, Università Ca' Foscari Venezia.
    4. B.G. Jean Jacques Iritié, 2018. "Economic issues of innovation clusters-based industrial policy: a critical overview," Global Business and Economics Review, Inderscience Enterprises Ltd, vol. 20(3), pages 286-307.
    5. Vincent FRIGANT (GREThA-GRES), 2007. "Ten years of modularity: empirical evidences on the restructuring of the auto part industry (In French)," Cahiers du GRES (2002-2009) 2007-20, Groupement de Recherches Economiques et Sociales.
    6. Robert Huggins & Andrew Johnston & Rebecca Steffenson, 2008. "Universities, knowledge networks and regional policy," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 1(2), pages 321-340.
    7. Marie-Louise Leroux & Pierre Pestieau & Grégory Ponthière, 2008. "Should we subsidize longevity?," Working Papers halshs-00586236, HAL.
    8. Molinder, Jakob & Karlsson, Tobias & Enflo, Kerstin, 2022. "Social democracy and the decline of strikes," Explorations in Economic History, Elsevier, vol. 83(C).
    9. Anthony Black, 2009. "Location, Automotive Policy, and Multinational Strategy: The Position of South Africa in the Global Industry since 1995," Growth and Change, Wiley Blackwell, vol. 40(3), pages 483-512, September.
    10. Ariño, Africa & García-Canal, Esteban & Valdes, Ana, 1999. "Longevity of strategic alliances between competitors: A dynamic value creation approach," IESE Research Papers D/404, IESE Business School.
    11. Armenia ANDRONICEANU & Simona SORA, "undated". "Diplomatic Training And Knowledge Management A New Challenge For The Human Resources Specialists In Diplomacy," Proceedings of the Fifth "Administration and Public Management" International Conference: "Public Institutions' Capacity to Implement the Administrative Reform Process", Bucharest, June 23-24, 2009 9, Research Centre in Public Administration and Public Services, Bucharest, Romania.
    12. Christos A Makridis & Andrew A Borkowski & Gil Alterovitz, 2024. "Perspectives on advancing innovation and human flourishing through a network of AI institutes," Science and Public Policy, Oxford University Press, vol. 51(3), pages 557-562.
    13. Filippova, Irina & Unknown, Unknown, 2013. "Кластерные Стратегии И Кластерные Инициативы: Перспективы И Факторы Эффективной Кластеризации [Cluster strategy and cluster initiatives: prospects and factors of effective clustering]," MPRA Paper 49949, University Library of Munich, Germany.
    14. Aspers, Patrik & Kohl, Sebastian & Power, Dominic, 2008. "Economic sociology discovering economic geography," economic sociology. perspectives and conversations, Max Planck Institute for the Study of Societies, vol. 9(3), pages 3-16.
    15. Wiser, R. H., 2000. "The role of public policy in emerging green power markets: an analysis of marketer preferences," Renewable and Sustainable Energy Reviews, Elsevier, vol. 4(2), pages 177-212, June.
    16. Nils Grashof, 2020. "Sinking or swimming in the cluster labour pool? A firm-specific analysis of the effect of specialized labour," Jena Economics Research Papers 2020-006, Friedrich-Schiller-University Jena.
    17. Kai Hong & Peter A. Savelyev & Kegon T. K. Tan, 2020. "Understanding the Mechanisms Linking College Education with Longevity," Journal of Human Capital, University of Chicago Press, vol. 14(3), pages 371-400.
    18. Vanhaverbeke, Wim & Li, Ying & Van de Vrande, Vareska, 2009. "The dual role of external corporate venturing in technological exploration," MPRA Paper 26488, University Library of Munich, Germany, revised 2010.
    19. Scott, Andrew J., 2023. "The economics of longevity – An introduction," The Journal of the Economics of Ageing, Elsevier, vol. 24(C).
    20. Andrés Rodríguez-Pose & Fabrice Comptour, 2010. "Do clusters generate greater innovation and growth? An analysis of European regions," Working Papers 2010-15, Instituto Madrileño de Estudios Avanzados (IMDEA) Ciencias Sociales.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sae:polsoc:v:37:y:2009:i:4:p:521-553. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: SAGE Publications (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.