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Industrial policy and the future of manufacturing

Author

Listed:
  • Antonio Andreoni

    (SOAS University of London)

  • Ha-Joon Chang

    (University of Cambridge)

Abstract

The paper aims at reconstructing the industrial policy debate by focusing on a number of theoretical issues, in particular the contested nature of industrial policy—its selectivity—also in relation to manufacturing and the different rationales for industrial policy making. The paper concludes by looking ahead into the future of manufacturing and focuses on the need for rethinking our understanding of global production and emerging technologies for increased prosperity.

Suggested Citation

  • Antonio Andreoni & Ha-Joon Chang, 2016. "Industrial policy and the future of manufacturing," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(4), pages 491-502, December.
    • Handle: RePEc:spr:epolin:v:43:y:2016:i:4:d:10.1007_s40812-016-0057-2
    DOI: 10.1007/s40812-016-0057-2
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    References listed on IDEAS

    as
    1. Andreoni, Antonio, 2014. "Structural learning: Embedding discoveries and the dynamics of production," Structural Change and Economic Dynamics, Elsevier, vol. 29(C), pages 58-74.
    2. Hausmann, Ricardo & Rodrik, Dani, 2003. "Economic development as self-discovery," Journal of Development Economics, Elsevier, vol. 72(2), pages 603-633, December.
    3. Antonio Andreoni & Mike Gregory, 2013. "Why and How Does Manufacturing Still Matter: Old Rationales, New Realities," Revue d'économie industrielle, De Boeck Université, vol. 0(4), pages 21-57.
    4. Gregory Tassey, 2010. "Rationales and mechanisms for revitalizing US manufacturing R&D strategies," The Journal of Technology Transfer, Springer, vol. 35(3), pages 283-333, June.
    5. Joseph E. Stiglitz & Justin Yifu Lin (ed.), 2013. "The Industrial Policy Revolution I," International Economic Association Series, Palgrave Macmillan, number 978-1-137-33517-3, November.
    6. Mariana Mazzucato & Mario Cimoli & Giovanni Dosi & Joseph Stiglitz & Michael Landesmann & Mario Pianta & Rainer Walz & Tim Page, 2015. "Which Industrial Policy Does Europe Need?," Intereconomics: Review of European Economic Policy, Springer;ZBW - Leibniz Information Centre for Economics;Centre for European Policy Studies (CEPS), vol. 50(3), pages 120-155, May.
    7. Ken Warwick, 2013. "Beyond Industrial Policy: Emerging Issues and New Trends," OECD Science, Technology and Industry Policy Papers 2, OECD Publishing.
    8. Mario Pianta & Antonello Zanfei, 2016. "Perspectives on industrial policies in Italy and in Europe: a forum," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 43(3), pages 231-232, September.
    9. Antonio Andreoni & Roberto Scazzieri, 2014. "Triggers of change: structural trajectories and production dynamics," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 38(6), pages 1391-1408.
    10. Richardson, G B, 1972. "The Organisation of Industry," Economic Journal, Royal Economic Society, vol. 82(327), pages 883-896, September.
    11. Ha-Joon Chang & Antonio Andreoni & Ming Leong Kuan, 2013. "International Industrial Policy Experiences & the Lessons for the UK," Working Papers wp450, Centre for Business Research, University of Cambridge.
    12. Antonio Andreoni & Federico Frattini & Giorgio Prodi, 2017. "Structural cycles and industrial policy alignment: the private–public nexus in the Emilian Packaging Valley," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 41(3), pages 881-904.
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    More about this item

    Keywords

    Industrial policy; Manufacturing; Interdependencies; Capabilities; Uncertainty;
    All these keywords.

    JEL classification:

    • L50 - Industrial Organization - - Regulation and Industrial Policy - - - General
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O25 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Industrial Policy
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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