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The Role of Industrial Policy as a Development Tool: New Evidence from the Globalization of Trade-and-Investment

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  • Theodore H Moran

Abstract

This paper identifies the ingredients for what it calls “light-handed†industrial policy to address these obstacles. To a certain extent, emerging market hosts can carry out the policy interventions recommended here on their own. But the evidence presented in this paper shows that external support is often essential to success. Developed countries, development agencies, and multilateral financial institutions have crucial roles to play. The paper concludes therefore with policy implications for developing countries, developed countries, and multilateral financial institutions.

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  • Theodore H Moran, 2016. "The Role of Industrial Policy as a Development Tool: New Evidence from the Globalization of Trade-and-Investment," Working Papers id:8423, eSocialSciences.
    • Handle: RePEc:ess:wpaper:id:8423
    Note: Institutional Papers
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    2. Evelyn Dietsche, 2017. "New industrial policy and the extractive industries," WIDER Working Paper Series 161, World Institute for Development Economic Research (UNU-WIDER).
    3. Ramesh Chandra Paudel & Swarnim Wagle, 2017. "Export performance and potential with regional partners: The case of a landlocked LDC, Nepal," Departmental Working Papers 2017-06, The Australian National University, Arndt-Corden Department of Economics.

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