Industrial policy in developing countries: failing markets, weak states

2019 ◽  
Vol 25 (1) ◽  
pp. 193-194
Author(s):  
Paul Vandenberg
Keyword(s):  
Developing Countries ◽  
Industrial Policy ◽  
Weak States

Trade and Industrial Policy for Development

2016 ◽  
pp. 25-35 ◽  
Author(s):  
John T. Thoburn
Keyword(s):  
Developing Countries ◽  
Trade Liberalization ◽  
Industrial Policy ◽  
East Asian ◽  
Second World War ◽  
Washington Consensus ◽  
World War ◽  
Policy Measures ◽  
The Impact ◽  
Second World

This chapter looks at policies for industrialization in developing countries, considering changes that have taken place since the Second World War, including the rise and subsequent demise of the so-called Washington Consensus approach. It discusses import substituting industrialization, export development, trade liberalization and the impact of post-2000 new WTO rules on trade-related policy measures. It shows how the East Asian model of substantial government intervention in the economy has been followed by a number of successful countries, not just Japan, Korea and Taiwan, but also China and Vietnam.

8 A Proposed Approach

2020 ◽  
Author(s):  
Cheng Thomas K
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Law Enforcement ◽  
Developing Country ◽  
Industrial Policy ◽  
Growth And Development ◽  
Competition Law ◽  
Competition Authority ◽  
Economic Growth And Development ◽  
Competition Law Enforcement

This chapter offers a coherent approach to competition law enforcement in developing countries. The promotion of economic growth and development should be the paramount objective of competition law enforcement in developing countries. However, ascribing the objective of the promotion of economic growth and development to competition law enforcement in developing countries does not require a detraction from a focus on promoting competition. In addition, competition law enforcement in developing countries must abide by the principle of causing no harm to the poor in society. If a developing country decides to pursue industrial policy, its competition authority may be asked to balance between competition and industrial policy objectives. Ultimately, competition law enforcement in developing countries must take into account the economic characteristics of developing countries as well as the enforcement capacity of developing country authorities.

Strong States and Weak States: Sectoral Policy Networks in Advanced Capitalist Economies

1989 ◽  
Vol 19 (1) ◽  
pp. 47-67 ◽  
Author(s):  
Michael M. Atkinson ◽  
William D. Coleman
Keyword(s):  
Industrial Policy ◽  
Policy Networks ◽  
The State ◽  
Weak States ◽  
Policy Failure ◽  
Societal Actors ◽  
Alternative Approaches ◽  
Bureaucratic Agencies ◽  
Sectoral Policy ◽  
Different Levels

The theme of strong and weak states has recently figured largely in comparative political economy. However, significant variation across sectors in single countries in the degree to which the state is able and willing to intervene in the economy has led to calls for a disaggregated view of the state, with more attention devoted to the different levels – micro, meso, macro – at which the state confronts the economy. The concepts of strength and weakness must pay much greater attention to specific bureaucratic arrangements and the relationships with key societal actors which, in company with bureaucratic agencies, form the core of ‘policy networks’ at the sectoral level. The article uses the concepts of state capacity and societal mobilization to identify six ideal typical policy networks at the sectoral level. It elaborates on the organizational logic associated with these policy networks by examining them in conjunction with industrial policy. After distinguishing between two approaches to industrial policy – anticipatory and reactive – it shows how different policy networks emerge to support alternative approaches and how a disjunction between networks and approaches can produce policy failure.

scholarly journals Intellectual Property: How Much Room is Left for Industrial Policy?

2016 ◽  
Vol 07 (02) ◽  
pp. 1650012 ◽  
Author(s):  
Carlos M. Correa
Keyword(s):  
Developing Countries ◽  
Intellectual Property ◽  
Industrial Policy ◽  
Developed Countries ◽  
Trade Negotiations ◽  
Local Production ◽  
Ip Protection ◽  
Industrial Policies ◽  
Industrialization Process

The early industrialization process in developed countries took place under flexible frameworks of intellectual property (IP) protection. Those countries, however, proposed and obtained in trade negotiations the adoption of an international IP regime that expanded and strengthened such protection. While the role of this regime, especially patents, in promoting innovation is controversial, it may effectively limit the ability of developing countries to implement industrial policies. These countries can preserve some room to implement such policies by using certain flexibilities, such as applying rigorous standards of patentability and granting compulsory licenses to broaden the space for local production.

The Oxford Handbook of Industrial Policy

2020 ◽  
Keyword(s):  
Developing Countries ◽  
Development Strategy ◽  
Industrial Policy ◽  
Global Financial Crisis ◽  
Infrastructure Development ◽  
Macroeconomic Policies ◽  
Political Consequences ◽  
Theoretical Perspectives ◽  
And Shifts ◽  
Emerging And Developing Countries

Industrial policy has long been regarded as a strategy to encourage sector, industry, or economy-wide development by the state. It has been central to competitiveness, catching-up, and structural change in both advanced and developing countries. It has also been one of the most contested issues in economics, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the economic, social, and political consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and novel approaches to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macroeconomic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, the Handbook offers valuable lessons and policy insights to policymakers, practitioners, and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technological change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thoughts from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.

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