Industrial Policy for Growth and Diversification: A Conceptual Framework

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 31 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Industrial Policy for Growth and Diversification: A Conceptual Framework by : Reda Cherif

Download or read book Industrial Policy for Growth and Diversification: A Conceptual Framework written by Reda Cherif and published by International Monetary Fund. This book was released on 2022-09-30 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: As countries strive for a strong recovery and to recoup the losses incurred during the COVID-19 pandemic, they need to map out a new path for development and high and sustained growth. Promoting diversification, developing new industrial capabilities, and designing the policies needed to achieve this goal should be a priority. A successful diversification strategy should tackle both broad policy failures, such as an unfavorable business environment and investment climate and sector-specific market failures. This departmental paper presents a conceptual framework to analyze industrial policy, defined as targeted sectoral interventions. The authors first discuss the key principles that should guide policymakers, that is, a focus on the market failures that could justify targeted sectoral interventions, as well as the potential government failures that can undermine these interventions. The authors then discuss some commonly employed policy tools, their rationale, and the associated pitfalls. Finally, the authors outline a stylized decision-making framework.

The Oxford Handbook of Industrial Policy

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Publisher : Oxford University Press, USA
ISBN 13 : 0198862423
Total Pages : 981 pages
Book Rating : 4.1/5 (988 download)

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Book Synopsis The Oxford Handbook of Industrial Policy by : Arkebe Oqubay

Download or read book The Oxford Handbook of Industrial Policy written by Arkebe Oqubay and published by Oxford University Press, USA. This book was released on 2020-10-19 with total page 981 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 Return of the Policy That Shall Not Be Named: Principles of Industrial Policy

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Author :
Publisher : International Monetary Fund
ISBN 13 : 1498305563
Total Pages : 79 pages
Book Rating : 4.4/5 (983 download)

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Book Synopsis The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy by : Reda Cherif

Download or read book The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy written by Reda Cherif and published by International Monetary Fund. This book was released on 2019-03-26 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.

Development and Modern Industrial Policy in Practice

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Publisher : Edward Elgar Publishing
ISBN 13 : 1784715549
Total Pages : 425 pages
Book Rating : 4.7/5 (847 download)

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Book Synopsis Development and Modern Industrial Policy in Practice by : Jesus Felipe

Download or read book Development and Modern Industrial Policy in Practice written by Jesus Felipe and published by Edward Elgar Publishing. This book was released on 2015-04-24 with total page 425 pages. Available in PDF, EPUB and Kindle. Book excerpt: Development and Modern Industrial Policy in Practice provides an up-to-date analysis of industrial policy. Modern industrial policy refers to the set of actions and strategies used to favor the more dynamic sectors of the economy. A key aspect of moder

A Conceptual Policy Framework for Leveraging Digitalization to Support Diversification in Sub-Saharan Africa

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Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis A Conceptual Policy Framework for Leveraging Digitalization to Support Diversification in Sub-Saharan Africa by : Mame Astou Diouf

Download or read book A Conceptual Policy Framework for Leveraging Digitalization to Support Diversification in Sub-Saharan Africa written by Mame Astou Diouf and published by International Monetary Fund. This book was released on 2024-06-21 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The need for Sub-Saharan African (SSA) countries to diversify their economies is more urgent than ever. However, despite its established economic benefits, several challenges have precluded diversification in SSA. Against this backdrop, interesting initiatives to further adopt digital technologies, particularly during the COVID-19 pandemic, suggest that digitalization is a promising avenue to overcome barriers to diversification. Fast-paced advances in the diffusion of digital technologies and knowledge have the potential to transform SSA economies through several channels. By connecting people and facilitating the rapid diffusion of information, digitalization also promises to reshape the industrial structure of activities in new and unprecedented ways. Therefore, digitalization has the potential to promote diversification and growth in SSA by acting both as an enabler and driver of economic activities, helping support resilience. Yet, while the empirical literature on SSA suggests that digitalization can provide new opportunities for growth, employment, productivity, and inclusion, the impact on diversification has not been studied. This paper aims to fill this important gap in the literature. It also aims to strengthen IMF engagement with SSA policy makers by providing a conceptual policy framework, encompassing both horizontal and sectoral policies, on how to leverage digitalization to support diversification and boost resilience in a post-COVID world.

Does What You Export Matter?

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Publisher : World Bank Publications
ISBN 13 : 0821384910
Total Pages : 153 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis Does What You Export Matter? by : Daniel Lederman

Download or read book Does What You Export Matter? written by Daniel Lederman and published by World Bank Publications. This book was released on 2012-06-18 with total page 153 pages. Available in PDF, EPUB and Kindle. Book excerpt: Does what economies export matter for development? If so, can industrial policies improve on the export basket generated by the market? This book approaches these questions from a variety of conceptual and policy viewpoints. Reviewing the theoretical arguments in favor of industrial policies, the authors first ask whether existing indicators allow policy makers to identify growth-promoting sectors with confidence. To this end, they assess, and ultimately cast doubt upon, the reliability of many popular indicators advocated by proponents of industrial policy. Second, and central to their critique, the authors document extraordinary differences in the performance of countries exporting seemingly identical products, be they natural resources or 'high-tech' goods. Further, they argue that globalization has so fragmented the production process that even talking about exported goods as opposed to tasks may be misleading. Reviewing evidence from history and from around the world, the authors conclude that policy makers should focus less on what is produced, and more on how it is produced. They analyze alternative approaches to picking winners but conclude by favoring 'horizontal-ish' policies--for instance, those that build human capital or foment innovation in existing and future products—that only incidentally favor some sectors over others.

Transforming Economies

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Publisher :
ISBN 13 : 9789221285663
Total Pages : 400 pages
Book Rating : 4.2/5 (856 download)

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Book Synopsis Transforming Economies by : José Manuel Salazar-Xirinachs

Download or read book Transforming Economies written by José Manuel Salazar-Xirinachs and published by . This book was released on 2014-05-05 with total page 400 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book helps connect the dots between economic theory, the role of capabilities, the lessons from history and the practical challenges of design and implementation of industrial policies. In so doing it provides an excellent policy roadmap for anyone interested in the challenge of promoting catch-up growth and productive transformation.

Industrial Policy and the World Trade Organization

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Publisher : Cambridge University Press
ISBN 13 : 1107145082
Total Pages : 349 pages
Book Rating : 4.1/5 (71 download)

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Book Synopsis Industrial Policy and the World Trade Organization by : Sherzod Shadikhodjaev

Download or read book Industrial Policy and the World Trade Organization written by Sherzod Shadikhodjaev and published by Cambridge University Press. This book was released on 2018-11-08 with total page 349 pages. Available in PDF, EPUB and Kindle. Book excerpt: Highlights what national governments should know to properly conduct their industrial policies under the multilateral trading system.

Kazakhstan: Accelerating Economic Diversification

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Publisher : Asian Development Bank
ISBN 13 : 9292612638
Total Pages : 219 pages
Book Rating : 4.2/5 (926 download)

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Book Synopsis Kazakhstan: Accelerating Economic Diversification by : Kym Anderson

Download or read book Kazakhstan: Accelerating Economic Diversification written by Kym Anderson and published by Asian Development Bank. This book was released on 2018-08-01 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Kazakhstan has the potential to become an economic leader in Central Asia. Relying on oil and gas alone, however, will not produce the long-run level of growth needed to meet this potential. Reforms geared to improve the business climate, enhance competitiveness, and increase private sector participation are essential. This book examines reforms to accelerate economic diversification in the country. This involves not only modernizing and using public resources in agriculture more efficiently to increase productivity, but also transitioning of manufacturing toward high-potential exports to help the country’s industrial development and create employment opportunities. Upgrading innovation of oilfield services and improving transport and logistics are important to increase participation in the global value chains.

Industrial Development for the 21st Century

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Publisher : Zed Books
ISBN 13 : 9781848130272
Total Pages : 452 pages
Book Rating : 4.1/5 (32 download)

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Book Synopsis Industrial Development for the 21st Century by : David O'Connor

Download or read book Industrial Development for the 21st Century written by David O'Connor and published by Zed Books. This book was released on 2008-06-01 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: With very few exceptions, industrial development has been central to the process of structural transformation which characterises economic development. Industrial Development for the 21st century examines the new challenges and opportunities arising from globalization, technological change and new international trade rules. The first part focuses on key sectors with potential for developing countries, focussing on two key themes. First, traditional points of entry for late industrializers - like textiles and clothing - have become even more intensely competitive than ever before, requiring more innovative adaptive strategies for success. Second, countries now recognize that manufacturing does not exhaust the opportunities for producing high value-added goods and services for international markets. Knowledge intensity is increasing across all spheres of economic activity, including agriculture and services, which can offer promising development paths for some developing countries. The final section addresses social and environmental aspects of industrial development. Labour-intensive, but not necessarily other patterns of industrial development can be highly effective in poverty reduction though further industrial progress may be less labour-intensive. A range of policies can promote industrial energy and materials efficiency, often with positive impacts on firms' financial performance as well as the environment. Promoting materials recycling and reuse is an effective, if indirect means of conserving resources. Finally, the growth of multinational interest in corporate social responsibility is traced, with consideration given to both the barriers and opportunities this can pose for developing country enterprises linked to global supply chains.

Paths to the Emerging State in Asia and Africa

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Publisher : Springer
ISBN 13 : 9811331316
Total Pages : 305 pages
Book Rating : 4.8/5 (113 download)

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Book Synopsis Paths to the Emerging State in Asia and Africa by : Keijiro Otsuka

Download or read book Paths to the Emerging State in Asia and Africa written by Keijiro Otsuka and published by Springer. This book was released on 2019-01-16 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is open access under a CC BY-NC-ND license. This book addresses the issue of how a country, which was incorporated into the world economy as a periphery, could make a transition to the emerging state, capable of undertaking the task of economic development and industrialization. It offers historical and contemporary case studies of transition, as well as the international background under which such a transition was successfully made (or delayed), by combining the approaches of economic history and development economics. Its aim is to identify relevant historical contexts, that is, the ‘initial conditions’ and internal and external forces which governed the transition. It also aims to understand what current low-income developing countries require for their transition. Three economic driving forces for the transition are identified. They are: (1) labor-intensive industrialization, which offers ample employment opportunities for labor force; (2) international trade, which facilitates efficient international division of labor; and (3) agricultural development, which improves food security by increasing supply of staple foods. The book presents a bold account of each driver for the transition.

Efficiency, Finance, and Varieties of Industrial Policy

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Publisher : Columbia University Press
ISBN 13 : 0231542771
Total Pages : 527 pages
Book Rating : 4.2/5 (315 download)

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Book Synopsis Efficiency, Finance, and Varieties of Industrial Policy by : Akbar Noman

Download or read book Efficiency, Finance, and Varieties of Industrial Policy written by Akbar Noman and published by Columbia University Press. This book was released on 2016-11-29 with total page 527 pages. Available in PDF, EPUB and Kindle. Book excerpt: Industrial policy, once relegated to resource allocation, technological improvements, and the modernization of industries, should be treated as a serious component of sustainability and developmental economics. A rich set of complimentary institutions, shared behavioral norms, and public policies have sustained economic growth from Britain's industrial revolution onwards. This volume revisits the role of industrial policy in the success of these strategies and what it can offer developed and developing economies today. Featuring essays from experts invested in the expansion of industrial policies, topics discussed include the most effective use of industrial policies in learning economies, development finance, and promoting investment in regional and global contexts. Also included are in-depth case studies of Japan and India's experience with industrial policy in the banking and private sector. One essay revisits the theoretical and conceptual foundations of industrial policy from a structural economics perspective and another describes the models, packages, and transformation cycles that constitute a variety of approaches to implementation. The collection concludes with industrial strategies for facilitating quality growth, realizing more sustainable manufacturing development, and encouraging countries to industrialize around their natural resources.

Industrial Policy for the Manufacturing Revolution

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Publisher : Edward Elgar Publishing
ISBN 13 : 1786430320
Total Pages : 209 pages
Book Rating : 4.7/5 (864 download)

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Book Synopsis Industrial Policy for the Manufacturing Revolution by : Patrizio Bianchi

Download or read book Industrial Policy for the Manufacturing Revolution written by Patrizio Bianchi and published by Edward Elgar Publishing. This book was released on 2018-06-29 with total page 209 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book offers a critical reflection on the meaning and expected impact of the fourth industrial revolution, and its implications for industrial policy. Industrial revolutions are considered not only in terms of technological progress, but also in the context of the changing relationship between market and production dynamics, and the social and political conditions enabling the development of new technologies. Industrial Policy for the Manufacturing Revolution aims to increase our capacity to anticipate and adapt to the forthcoming structural changes. A concrete illustration of this industrial policy is provided through an experience of its implementation at regional level.

The Quest for Prosperity

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Publisher : Princeton University Press
ISBN 13 : 0691163561
Total Pages : 360 pages
Book Rating : 4.6/5 (911 download)

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Book Synopsis The Quest for Prosperity by : Justin Yifu Lin

Download or read book The Quest for Prosperity written by Justin Yifu Lin and published by Princeton University Press. This book was released on 2014-10-12 with total page 360 pages. Available in PDF, EPUB and Kindle. Book excerpt: Justin Yifu Lin's groundbreaking account of how developing countries can help themselves—now fully updated How can developing countries grow their economies? Most answers to this question center on what the rich world should or shouldn't do for the poor world. In The Quest for Prosperity, Justin Yifu Lin—the first non-Westerner to be chief economist of the World Bank—focuses on what developing nations can do to help themselves. Lin examines how the countries that have succeeded in developing their own economies have actually done it. Interwoven with insights, observations, and stories from Lin’s travels as chief economist of the World Bank and his reflections on China’s rise, this book provides a road map and hope for those countries engaged in their own quest for prosperity.

Industrial Policy Coverage in IMF Surveillance— Broad Considerations

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Author :
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 39 pages
Book Rating : 4.4/5 (2 download)

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Book Synopsis Industrial Policy Coverage in IMF Surveillance— Broad Considerations by : International Monetary Fund

Download or read book Industrial Policy Coverage in IMF Surveillance— Broad Considerations written by International Monetary Fund and published by International Monetary Fund. This book was released on 2024-03-11 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper aims to provide a conceptual framework and guiding principles for the coverage of Industrial Policy (IP) in IMF surveillance. It proposes a working definition of industrial policy, discusses its objectives and main instruments, and provides a brief review of academic literature on IP. The paper discusses the four broad sets of considerations for assessing IP: justification, design, cost-benefit assessment, and implementation. It stresses that IP should be covered in IMF surveillance when it is deemed macro-critical and/or has the potential to generate significant cross-border spillovers. The paper also discusses specific aspects of industrial policies, including trade-related IP, green IP, Special Economic Zones (SEZs), and State-Owned Enterprises (SOEs), and provides examples of the IP coverage in the Article IV consultations with China, Euro Area, Indonesia, Saudi Arabia, and the United States.

The Growth Report

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Publisher : World Bank Publications
ISBN 13 : 0821374923
Total Pages : 198 pages
Book Rating : 4.8/5 (213 download)

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Book Synopsis The Growth Report by : Commission on Growth and Development

Download or read book The Growth Report written by Commission on Growth and Development and published by World Bank Publications. This book was released on 2008-07-23 with total page 198 pages. Available in PDF, EPUB and Kindle. Book excerpt: The result of two years work by 19 experienced policymakers and two Nobel prize-winning economists, 'The Growth Report' is the most complete analysis to date of the ingredients which, if used in the right country-specific recipe, can deliver growth and help lift populations out of poverty.

Trade and Employment

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Publisher :
ISBN 13 : 9789221253211
Total Pages : 0 pages
Book Rating : 4.2/5 (532 download)

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Book Synopsis Trade and Employment by : Marion Jansen

Download or read book Trade and Employment written by Marion Jansen and published by . This book was released on 2011 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: