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Industrial Policy and Development: The Political Economy of Capabilities Accumulation

Industrial Policy and Development: The Political Economy of Capabilities Accumulation

Industrial Policy and Development: The Political Economy of Capabilities Accumulation
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ISBN-10:
0199235260
ISBN-13:
9780199235261
Pub. Date:
11/30/2009
Publisher:
Oxford University Press
ISBN-10:
0199235260
ISBN-13:
9780199235261
Pub. Date:
11/30/2009
Publisher:
Oxford University Press
Industrial Policy and Development: The Political Economy of Capabilities Accumulation

Industrial Policy and Development: The Political Economy of Capabilities Accumulation

Overview

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 the processes 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, the trade-offs associated with these microeconomic approaches to growth and development, and the opportunities and constraints associated with the current organization of international economic relations.

Product Details

ISBN-13: 9780199235261
Publisher: Oxford University Press
Publication date: 11/30/2009
Series: Initiative for Policy Dialogue
Pages: 464
Product dimensions: 6.20(w) x 9.30(h) x 1.60(d)

About the Author

M. Cimoli is Professor of Economics at the University of Venice (Ca' Foscari) since 1992 and Economic Affair Officer at ECLAC (Economic Commission for Latin America and the Caribbean) of UNITED NATIONS since 1999. He obtained a DPhil at the SPRU (University of Sussex) and he has held a number of visiting appointments in different universities and institutions (University of Pisa, University Metropolitan of Mexico (UAM), University of Campinas, etc).

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 development. Professor Dosi is Co-Director of the task forces on Industrial Policy and Intellectual Property Rights at the Initiative for Policy Dialogue, Columbia University, New York; Continental Europen Editor of Industrial and Corporate Change, Research consultant for Italian and international public and private institutions, and Honorary Research Professor at the University of Sussex.

Joseph E. Stiglitz was awarded the Nobel Prize in economics in 2001 and is University Professor at Columbia University where he founded the Initiative for Policy Dialogue in 2000. He was Chair of President Bill Clinton's Council of Economic Advisors from 1995-97 and Chief Economist and Senior Vice-President of the World Bank from 1997-2000. He is also chair of the University of Manchester's Brooks World Poverty Institute and is a member of the Pontifical Academy of Social Sciences. His best known recent publications include 'Making Globalization Work' (2006), 'Fair Trade for All' (2005), 'Globalization and its Discontents' (2002) and 'The Roaring Nineties' (2003).

Table of Contents

Preface1. The Political Economy of Capabilities Accumulation: The Past and Future of Policies for Industrial Development, Mario Cimoli, Giovanni Dosi , Joseph E. StiglitzGeneral Introduction2. Institutions and Policies Shaping Industrial Development: An Introductory Note, Mario Cimoli, Giovanni Dosi, Richard R. Nelson, Joseph E. Stiglitz3. Technological Learning, Policy Regimes and Growth: The Long Term Patterns and Some Specificities of a 'Globalized' Economy, Carolina Castaldi, Mario Cimoli, Nelson Correa, Giovanni DosiIndustrial Policies in an historical perspective4. Emulation v. Comparative Advantage: Competing and Complementary Principles in the History of Economic Policy, Erik S. Reinert5. Industrial Policies in Developing Countries: History and Perspectives, Michele Di Maio6. Industrial Tariffs, International Trade And Development, Yilmaz Akyuz7. The (Slow) Return of Industrial Policies in Latin America and the Caribbean, Wilson PeresNational and regional experiences8. Flying Geese and Waddling Ducks: the Different Capabilities of East Asia and Latin America to 'Demand-Adapt' and 'Supply-Upgrade' their Export Productive Capacity, Jose Gabriel Palma9. Microeconomic Evolution in High Uncertainty Contexts: The Manufacturing Sector in Argentina, Bernardo Kosakoff, Adrian Ramos10. The Impact of Public Policies in Brazil Along the Path from Semi-Stagnation to Growth in a Sino-Centric Market, Antonio Barros de Castro11. The Past, Present and Future of Industrial Policy in India: Adapting to the Changing Domestic and International Environment, Ajit Singh12. Growth and Development in China and India: The Role of Industrial and Innovation Policy in Rapid Catch-up, Carl J. Dahlman13. The Political Economy of Industrial Policy in Asia and Latin America, Mushtaq H. Khan, Stephanie Blankenburg14. The Roles of Research at Universities and Public Labs in Economic Catch-up, Roberto Mazzoleni, Richard R. Nelson15. Nationality of Firm Ownership in Developing Countries: Who Should Crowd Out Whom in Imperfect Markets?, Alice H. Amsden16. A Question of Trust: Historical Lessons for Current Development, Colin Mayer17. Competition Policy and Industrial Development, Mario L. Possas, Heloisa L. Borges18. Latecomer Entrepreneurship: a Policy Perspective, Mike Hobday, Fernando Afonso de Barros Perini19. Intellectual Property and Industrial Development: A Critical Assessment, Mario Cimoli, Benjamin Coriat, Annalisa PrimiConclusion20. The Future of Industrial Policies in the New Millennium: Toward a Knowledge-centered Development Agenda, Mario Cimoli, Giovanni Dosi, Joseph E. Stiglitz
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