- Copyright Page
- List of Figures
- List of Tables
- List of Contributors
- Introduction to Industrial Policy and Development
- The Theory and Practice of Industrial Policy
- Industrial Policy, Macroeconomics, and Structural Change
- Industrial Policies, Patterns of Learning, and Development: An Evolutionary Perspective
- Neoclassical Economic Perspectives on Industrial Policy
- Enterprises and Industrial Policy: Firm-based Perspectives
- Radical Perspectives on Industrial Policy
- Global Value Chains and Regionally Coordinated Industrial Policy: The Case of ASEAN
- Managing Trade through Productive Integration: Industrial Policy in an Interdependent World
- Greening Industrial Policy
- Globalization Narratives and Industrial Policy
- Grand Challenges, Industrial Policy, and Public Value
- The Political Economy of Development Banking
- Technical Change, the Shifting ‘Terrain of the Industrial’, and Digital Industrial Policy
- An Industrial Policy Framework to Advance a Global Green New Deal
- Industrial Policy and Gender Inclusivity
- Macro-Policy, Labour Markets, and Industrial Policy
- Technological Disruptions, GVCs, and Industrial Policy
- Industrial Policy: A Long-term Perspective and Overview of Theoretical Arguments
- Post-war American Industrial Policy: Market Myths and Production Realities
- European Industrial Policy: A Comparative Perspective
- The European Union’s Industrial Policy
- Diverse Tools of Industrial Policy in Korea: A Schumpeterian and Capability-based View
- Industrial Policy and Industrialization in South East Asia
- National Champions, Reforms, and Industrial Policy in China
- Industrial Policies in the BRICS
- Successes and Failures of Industrial Policy in Transition Economies of Europe and Asia
- Latin American Industrial Policies: A Comparative Perspective
- Phases and Uneven Experiences in African Industrial Policy
- The Political Economy of Industrialization and Industrial Policy in Africa, 1960‒2018
- Index of Names
- General Index
Abstract and Keywords
Industrial policy has a long history both in practice and in theory. It became a leading focus of development research and policy analysis after the end of the Second World War, although its meaning, scope, and instruments have varied significantly, and it has been the subject of sustained criticism and debate, especially during the 1980s and 1990s. Noting that industrial policy in fact never went away, and at a moment when it has returned to centre stage, this volume offers a comprehensive reference work that presents different schools of thought regarding industrial policy and reflects the evolution in contemporary thinking, alongside empirical evidence from advanced, emerging, and developing economies. This volume also makes the connection between industrial policy and other policies. The volume reviews the theoretical perspectives and methodological aspects of the study of industrial policy, and uses case studies of policies and practices to offer new insights for policymakers, practitioners, and policy researchers. Contributors identify and assess evolving challenges to industrial policy and the shifting terrain of the industrial. They emphasize a political economy approach rather than reducing industrial policy to a technical exercise. The Handbook is forward looking, while also presenting a comprehensive review of the evolving context and trajectories of industrial policy.
Arkebe Oqubay (PhD) is a senior minister and special adviser to the prime minister of Ethiopia and has been at the centre of policymaking for over twenty-five years. He is the former mayor of Addis Ababa, winner of the Best African Mayor of 2005 and finalist in the World Mayor Award 2005, for his work transforming the city. He is a recipient of the Order of the Rising Sun, Gold and Silver Star, presented by the Emperor of Japan. He currently serves as board chair of several leading public organizations and international advisory boards. He is an ODI Distinguished Fellow and a research associate at the Centre of African Studies in the University of London, and holds a PhD in development studies from SOAS, University of London. His recent works include the path-breaking Made in Africa: Industrial Policy in Ethiopia (OUP, 2015); The Oxford Handbook of the Ethiopian Economy (OUP, 2019); How Nations Learn: Technological Learning, Industrial Policy, and Catch-up (OUP, 2019); China‒Africa and an Economic Transformation (OUP, 2019); African Economic Development: Evidence, Theory, and Policy (OUP, 2020); and The Oxford Handbook of Industrial Hubs and Economic Development (OUP, 2020). He was recognized as one of the 100 Most Influential Africans of 2016, and a ‘leading thinker on Africa’s strategic development’ by the New African, for his work, both theoretical and practical, on industrial policies.
Christopher Cramer is professor of the political economy of development at SOAS, University of London. He is a vice-chair of the Royal Africa Society and chair of the Scientific Committee of the African Programme on Rethinking Development Economics (APORDE). His publications include Civil War Is Not A Stupid Thing: Accounting for Violence in Developing Countries (Hurst Publishers, 2006), African Economic Development: Evidence, Theory, and Policy (OUP, 2020) and The Oxford Handbook of the Ethiopian Economy (OUP, 2019, co-edited with Cheru and Oqubay). He led the research project Fairtrade, Employment, and Poverty Reduction in Ethiopia and Uganda.
Ha-Joon Chang teaches economics at the University of Cambridge. His main books include Kicking Away the Ladder (2002), Bad Samaritans (2007), 23 Things They Don’t Tell You about Capitalism (2011) and Economics: The User’s Guide (2014). His writing has been translated into forty-one languages in forty-four countries. Worldwide, his books have sold over 2 million copies. He is the winner of the 2003 Gunnar Myrdal Prize and the 2005 Wassily Leontief Prize.
Richard Kozul-Wright is director of the Globalisation and Development Strategies Division in UNCTAD. He has worked at the United Nations in both New York and Geneva. He holds a PhD in economics from the University of Cambridge. He has published widely on economic issues including, inter alia, in The Economic Journal, Cambridge Journal of Economics, The Journal of Development Studies, and Oxford Review of Economic Policy. He is the author of many books, including The Rise and Fall of Global Microcredit: Development, Debt and Disillusion (2018, with S. Blankenburg and M. Bateman), Securing Peace: State-Building and Economic Development in Post-Conflict Countries (2011, with P. Fortunato), Climate Protection and Development (2012, with Frank Ackerman) and The Resistible Rise of Market Fundamentalism (2008, with Paul Rayment). His edited volumes include Transnational Corporations and the Global Economy, Economic Insecurity and Development, Securing Peace, Climate Protection and Development, and Industrial Policy. He is a frequent contributor to newspapers worldwide on economic issues, including the Financial Times, The Guardian, and Project Syndicate.
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