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Addendum: Embedded Autonomy and the Industrial Policy Process in the Twenty-First Century: Developing an Aluminium Industry in Trinidad and Tobago

In: Managing FDI for Development in Resource-Rich States

Author

Listed:
  • Lou Anne Barclay

    (The University of the West Indies)

Abstract

The main thesis of this study is that industrial policy formulation and implementation are best done in institutional environments characterised by embedded autonomy (for example, Rodrik 2004a, 2008). The term ‘embedded autonomy’ as used in this study refers to the strategic collaborative relationship that exists between bifurcated bureaucracies, which are autonomous and competent, and an entrepreneurial and capable private sector. Support for the thesis of embedded autonomy generally draws on the experience of Japan and the South East Asian NICs during the period when they were successfully transforming their economies under the guidance of a strong authoritarian government (for example, Johnson 1982; Amsden 1989).

Suggested Citation

  • Lou Anne Barclay, 2015. "Addendum: Embedded Autonomy and the Industrial Policy Process in the Twenty-First Century: Developing an Aluminium Industry in Trinidad and Tobago," Palgrave Macmillan Books, in: Managing FDI for Development in Resource-Rich States, chapter 8, pages 149-168, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-51609-1_9
    DOI: 10.1057/9781137516091_9
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    Cited by:

    1. Keston K. Perry, 2018. "The Dynamics of Industrial Development in a Resource-Rich Developing Society: A Political Economy Analysis," Journal of Developing Societies, , vol. 34(3), pages 264-296, September.

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