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Industrial Policy Old and New Issues


  • Naudé, Wim


The debate on industrial policy (IP) has been characterized by a number of contractions over the concept of industrial policy, its merits, contents and application. The purpose of this exploratory paper is to review the debate on IP. Outlining the concept and instruments of industrial policy, the paper reviews the evolution of IP over time, and discusses the current tension between the theory and practice of IP. Contrasting ‘old’ and ‘new’ issues in the debate, a tentative conclusion is that a fragile consensus on IP is within reach. This implies that the future debate—the ‘new’ issues—on IP will need to be increasingly concerned with (i) the ‘how’ of IP rather than the ‘why’, and (ii) with the new challenges and trends that will shape the content of IP.

Suggested Citation

  • Naudé, Wim, 2010. "Industrial Policy Old and New Issues," WIDER Working Paper Series 106, World Institute for Development Economic Research (UNU-WIDER).
  • Handle: RePEc:unu:wpaper:wp2010-106

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    References listed on IDEAS

    1. Francesco Caselli & Wilbur John Coleman II, 2006. "The World Technology Frontier," American Economic Review, American Economic Association, vol. 96(3), pages 499-522, June.
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    Cited by:

    1. Petre Prisecaru, 2015. "New Steps and Initiatives for a Rapid Reindustrialization in EU," Knowledge Horizons - Economics, Faculty of Finance, Banking and Accountancy Bucharest,"Dimitrie Cantemir" Christian University Bucharest, vol. 7(1), pages 95-102, March.

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    industrial policy; structural transformation; trade; development; least developed countries;

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