Industrial Policy and Development: The Political Economy of Capabilities Accumulation

Paperback | October 24, 2009

EditorGiovanni Dosi, Mario Cimoli, Joseph E. Stiglitz

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In the 1990s, development policy advocated by international financial institutions was influenced by Washington Consensus thinking. This strategy, based largely on liberalization, privatization, and price-flexibility, downplayed, if not disregarded, the role of government in steering theprocesses of technological learning and economic growth. With the exception of the Far East, many developing countries adopted the view that industrial policy resulted in inefficiency and poor economic growth.Ample historical evidence shows that industrial policy does work, when the right technologies and industries are supported and when appropriate combinations of policy measures are implemented. This book provides an in-depth exploration of which industrial policies have been successful, thetrade-offs associated with these microeconomic approaches to growth and development, and the opportunities and constraints associated with the current organization of international economic relations.

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In the 1990s, development policy advocated by international financial institutions was influenced by Washington Consensus thinking. This strategy, based largely on liberalization, privatization, and price-flexibility, downplayed, if not disregarded, the role of government in steering theprocesses of technological learning and economic ...

Giovanni Dosi is Professor of Economics at the Scuola Superiore Sant'Anna in Pisa and Visiting Professor at the University of Manchester. His major research areas include economics of innovation and technological change, industrial organisation and industrial dynamics, theory of the firm and corporate governance, economic growth and d...

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Format:PaperbackDimensions:464 pagesPublished:October 24, 2009Publisher:Oxford University PressLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0199235279

ISBN - 13:9780199235278

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Table of Contents

Preface1. Mario Cimoli, Giovanni Dosi , Joseph E. Stiglitz: The Political Economy of Capabilities Accumulation: The Past and Future of Policies for Industrial DevelopmentPart I: General Introduction2. Mario Cimoli, Giovanni Dosi, Richard R. Nelson, Joseph E. Stiglitz: Institutions and Policies Shaping Industrial Development: An Introductory Note3. Carolina Castaldi, Mario Cimoli, Nelson Correa, Giovanni Dosi: Technological Learning, Policy Regimes and Growth: The Long Term Patterns and Some Specificities of a 'Globalized' EconomyPart II: Industrial Policies in an historical perspective4. Erik S. Reinert: Emulation v. Comparative Advantage: Competing and Complementary Principles in the History of Economic Policy5. Michele Di Maio: Industrial Policies in Developing Countries: History and Perspectives6. Yilmaz Akyuz: Industrial Tariffs, International Trade And Development7. Wilson Peres: The (Slow) Return of Industrial Policies in Latin America and the CaribbeanPart III: National and regional experiences8. Jose Gabriel Palma: Flying Geese and Waddling Ducks: the Different Capabilities of East Asia and Latin America to 'Demand-Adapt'and 'Supply-Upgrade'their Export Productive Capacity9. Bernardo Kosakoff, Adrian Ramos: Microeconomic Evolution in High Uncertainty Contexts: The Manufacturing Sector in Argentina10. Antonio Barros de Castro: The Impact of Public Policies in Brazil Along the Path from Semi-Stagnation to Growth in a Sino-Centric Market11. Ajit Singh: The Past, Present and Future of Industrial Policy in India: Adapting to the Changing Domestic and International Environment12. Carl J. Dahlman: Growth and Development in China and India: The Role of Industrial and Innovation Policy in Rapid Catch-up13. Mushtaq H. Khan, Stephanie Blankenburg: The Political Economy of Industrial Policy in Asia and Latin America14. Roberto Mazzoleni, Richard R. Nelson: The Roles of Research at Universities and Public Labs in Economic Catch-up15. Alice H. Amsden: Nationality of Firm Ownership in Developing Countries: Who Should Crowd Out Whom in Imperfect Markets?16. Colin Mayer: A Question of Trust: Historical Lessons for Current Development17. Mario L. Possas, Heloisa L. Borges: Competition Policy and Industrial Development18. Mike Hobday, Fernando Afonso de Barros Perini: Latecomer Entrepreneurship: a Policy Perspective19. Mario Cimoli, Benjamin Coriat, Annalisa Primi: Intellectual Property and Industrial Development: A Critical AssessmentPart IV: Conclusion20. Mario Cimoli, Giovanni Dosi, Joseph E. Stiglitz: The Future of Industrial Policies in the New Millennium: Toward a Knowledge-centered Development Agenda