The Return Of The Policy That Shall Not Be Named Principles Of Industrial Policy
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The Return Of The Policy That Shall Not Be Named Principles Of Industrial Policy
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Author : Reda Cherif
language : en
Publisher: International Monetary Fund
Release Date : 2019-03-26
The Return Of The Policy That Shall Not Be Named Principles Of Industrial Policy written by Reda Cherif and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-03-26 with Business & Economics categories.
Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn more from miracles than failures. We suggest three key principles behind their success: (i) the support of domestic producers in sophisticated industries, beyond the initial comparative advantage; (ii) export orientation; and (iii) the pursuit of fierce competition with strict accountability.
The Oxford Handbook Of Industrial Policy
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Author : Arkebe Oqubay
language : en
Publisher: Oxford University Press
Release Date : 2020-10-20
The Oxford Handbook Of Industrial Policy written by Arkebe Oqubay and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-20 with Business & Economics categories.
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 perspectives, 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 national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach 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, macro-economic 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 technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought 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.
The Reshaping Of China S Industry Chains
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Author : CICC Research, CICC Global Institute
language : en
Publisher: Springer Nature
Release Date : 2024-04-27
The Reshaping Of China S Industry Chains written by CICC Research, CICC Global Institute and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-04-27 with Business & Economics categories.
This open access book offers a comprehensive analysis of the opportunities and challenges facing the development of China’s industry chains in a changing landscape. As the trend of deglobalization is intensifying, the global supply chain has suffered from external shocks, prompting both the private and public sectors to reflect on the stability of the supply chain. As such, governments are putting greater emphasis on the resilience and “security” of industry chains. How will the changing circumstances across the globe affect China’s industry chains? This book suggests that amidst the trend of deglobalization, it is important for China to leverage its advantages in economies of scale to improve both the efficiency and security of industry chains. By examining the current state of global trends, international trade, and industrial policies, the book outlines potential pathways of the development of global supply chains, and provides insights on the challenges and opportunities for China. This book also focuses on strategically important sectors in the digital, green, logistics, and manufacturing industries, presenting an in-depth discussion of the prospects of each industry chain. Being both readable and academically rigorous, this book is well-suited for readers from in the fields of public policy, economics, finance, and for those who seek to better understand the reshaping of China’s industry chains. The work cites information from various sources, including academic journals, policy institutions, and a network of primary sources such as industry experts and renowned academics.
Industrial Policy And The Transformation Of The Colonial Economy In Africa
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Author : Horman Chitonge
language : en
Publisher: Routledge
Release Date : 2021-02-15
Industrial Policy And The Transformation Of The Colonial Economy In Africa written by Horman Chitonge and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-02-15 with Business & Economics categories.
Industrial Policy and the Transformation of the Colonial Economy in Africa offers an in-depth analysis of the role industrial policy can play in the transformation of African economies. Using examples from Zambia’s industrial development experience, this book illustrates that core features of the colonial economy have not just survived six decades of independence in most African countries, but they have continued to shape the nature, scope and pace of economic activities on the continent. The book argues that since the colonial economy in Africa was not intended to serve the interests of Africans, it is imperative that the structures and the underlying rationale of the colonial economy are radically reoriented if economic activities in Africa are to benefit the majority of Africans. Drawing from the Zambian experience, the book shows that the transformation of the colonial economy in Africa is urgently needed. Whilst this has proved to be difficult over the past six decades, it can be done. The book outlines a specific type of industrial policy, Frontier Industrial Policy, as a key instrument for transforming the structure of African economies. At a time when economic growth across Africa is under considerable pressure due to COVID-19, the insights in this book will be of interest to researchers across Economics, Development, Postcolonial Studies, and African Studies.
Regional Economic Outlook April 2021 Sub Saharan Africa
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Author : International Monetary Fund
language : en
Publisher: International Monetary Fund
Release Date : 2021-04-15
Regional Economic Outlook April 2021 Sub Saharan Africa written by International Monetary Fund and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-04-15 with Business & Economics categories.
Regional Economic Outlook, April 2021, Sub-Saharan Africa
The Oxford Handbook Of Japanese Politics
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Author : Robert Pekkanen
language : en
Publisher: Oxford University Press
Release Date : 2021-10-25
The Oxford Handbook Of Japanese Politics written by Robert Pekkanen and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-10-25 with Political Science categories.
"Book Abstract and Keywords: The study of Japanese politics has flourished over the past several decades. This Handbook provides a state-of-the-field overview for students and researchers of Japanese. The volume also serves to introduce Japanese politics to readers less familiar with Japan. In addition, the volume has a theme of "evaluating Japan's democracy." Taken as a whole, the volume provides a positive evaluation of the state of Japan's democracy. The volume is divided into two parts, roughly corresponding to domestic Japanese politics and Japan's international politics. Within the domestic politics part, there are four distinct sections: "Domestic Political Actors and Institutions," covering the Japanese Constitution, electoral systems, prime minister, Diet, bureaucracy, judiciary, and local government; "Political Parties and Coalitions," covering the Liberal Democratic Party, coalition government, Kōmeitō, and the political opposition; "Policymaking and the Public," covering the policymaking process, public opinion, civil society, and populism; and, "Political Economy and Social Policy," covering industrial, energy, social welfare, agricultural, monetary, and immigration policies, as well as social inequality. In the international relations part, there are four sections: "International Relations Frameworks," covering grand strategy, international organizations, and international status; "International Political Economy," covering trade, finance, foreign direct investment, the environment, economic regionalism, and the linkage between security and economics; "International Security," covering remilitarization, global and regional security multilateralism, nuclear nonproliferation, naval power, space security, and cybersecurity; and, "Foreign Relations" covering Japan's relations with the United States, China, South Korea, ASEAN, India, the European Union, and Russia. Keywords: international relations, comparative politics, democracy, international order, alliances, space security, elections, Liberal Democratic Party, multilateralism, remilitarization, international organizations, populism, civil society, coalitions, political parties, trade, finance monetary policy, foreign direct investment, cybersecurity"--
Sustaining Tanzania S Economic Development
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Author : Oliver Morrissey
language : en
Publisher: Oxford University Press
Release Date : 2024
Sustaining Tanzania S Economic Development written by Oliver Morrissey and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024 with Business & Economics categories.
This book investigates the performance of firms and households in Tanzania and the strategies they adopt to navigate shocks, achieve sustainability, and build resilience to sustain their growth and development. The contributions show that Tanzania, like many countries, faces a challenging future but is better positioned to do so than it has been.
Trade Spillovers Of Domestic Subsidies
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Author : Lorenzo Rotunno
language : en
Publisher: International Monetary Fund
Release Date : 2024-03
Trade Spillovers Of Domestic Subsidies written by Lorenzo Rotunno and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-03 with Business & Economics categories.
As governments resort to industrial policies to achieve economic and non-economic objectives, the number of subsidies implemented each year has more than tripled in the last decade. Using detailed data across a large number of advanced and emerging economies, we empirically investigate the effects of domestic subsidies on international trade flows. Estimates from a difference-in-difference specification show that on average subsidies promote both exports and imports. These effects are partly driven by selection into subsidies, as governments target export-oriented and import-competing products. The results however mask significant differences across countries. Specifically, exports of subsidized products from G20 emerging markets increase 8 percent more than exports of other products, with no evidence of selection. The gravity estimates confirm that subsidies promote international relative to domestic trade. These spillover effects are concentrated in some industries, such as electrical machinery, and are stronger when subsidies are given through tax breaks than other policy instruments. The subsidy-led rise in trade calls for international cooperation to manage risks of retaliatory actions and possible drifts towards a subsidy war.
Saudi Arabia
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2023-09-06
Saudi Arabia written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-09-06 with Business & Economics categories.
Saudi Arabia’s economy is booming, unemployment is at a record low, the output gap is closed, inflation is contained, and fiscal and external buffers have been rebuilt. The continuation of Vision 2030 reforms has helped advance the country’s economic diversification agenda, including through reduced reliance on oil.
The Challenges Of Technology And Economic Catch Up In Emerging Economies
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Author : Jeong-Dong Lee
language : en
Publisher: Oxford University Press
Release Date : 2021-06-24
The Challenges Of Technology And Economic Catch Up In Emerging Economies written by Jeong-Dong Lee and has been published by Oxford University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-24 with Business & Economics categories.
This is an open access title available under the terms of a CC BY-NC-ND 4.0 International licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. Innovation is a pivotal driving force behind economic growth. Technological capability deepens and diversifies industrial activity, which fundamentally enhances growth potential. Consequently, failure to build effective technological capability can lead to slow long-term economic growth. This book synthesizes and interprets existing knowledge on technology upgrading failures in order to better understand the challenges of technology upgrading in emerging economies. The objective is to bring together diverse evidence on three major dimensions of technology upgrading: paths of technology upgrading, structural changes in the nature of technology upgrading, and the issues of technology transfer and technology upgrading. Knowledge on these three dimensions is synthesized at the firm, sector, and macro levels across different countries and world macroregions. Compared to the challenges and uncertainties facing emerging economies, our understanding of technology upgrading is sparse, unsystematic, and scattered. The recent growth slowdown in many emerging economies, often known as the middle-income trap, has reinforced the importance of understanding the technology upgrading challenges they experience. While our understanding of these issues from the 1980s and 1990s is relatively more systematised, the more recent changes that took place during the globalization and proliferation of global value chains, and the effects of the 2008 financial crisis, have not been explored and compared synthetically. The current effects of COVID-19, geopolitical struggles, and the growing concern around environmental sustainability add significant complexity to an already problematic situation. The time is ripe to take stock of our existing knowledge on processes of technology upgrading in emerging economies and make further inroads in research on this crucial issue.