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How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development
This book assesses developmental experience in different countries as well as British expansion following the industrial revolution from a developmental perspective. It explains why some nations are rich and others are poor, and discusses how manufacturing made economies flourish and spur economic development. It explains how today’s governments can design and implement industrial policy, and how they can determine economically strategic sectors to break out of Low and Middle Income Traps. Closely linked to global trade and (im)balances, industrialization was never an accident. Industrialization explains how some countries experience export-led growth and others import-led slowdowns. Many ...
Economic Planning and Industrial Policy in the Globalizing Economy
This book discusses national development planning in the context of a globalized world economy. National economic development planning, the process of defining strategic economic objectives for a country and designing policies and institutional frameworks to attain them, was popular in many countries in the 1960s and 1970s. Over time it lost its appeal. More recently, with globalization accelerating and economic competition increasing, it is making a comeback in different countries under different forms. National planning in this new era is different than the earlier quantitative planning approaches. It employs different tools, such as strategic visions and action plans, revived forms of physical infrastructure planning, industrial policy, and cluster policy. Built on the research of international scholars with firsthand knowledge of the countries in question, this volume presents and evaluates current national planning strategies and policy worldwide. It will be of interest to both academicians who study and teach globalization and development as well as policy makers who may use it as a reference as they contemplate their own strategies.
Designing Public Procurement Policy in Developing Countries
This book presents strategies for developing countries to shift demand for manufactured imports into a tool for technology transfer, enhancing absorption capacity and development. Also shows how national procurement policy can assist technological development.
Industrial Policy and Sustainable Growth
This volume looks at the critical issues of industrial policy and sustainability. It assesses the gap between how developed and developing countries have integrated sustainability issues in their industrial policies, and how they should have ideally done so. The book looks at the specific issues of middle income trap, levels of industrialization and the distribution of manufacturing activities among nations, and presents analysis of sector and country specific policy case studies in areas such as health, energy, medical devices, aviation, automobile manufacturing. The volume also examines trade policies and their impact on industry and environment, and elaborate on how industrial policies involve selective direct and indirect sectoral policies which play a role in assisting policy makers manage objectives of catch up and sustainability.
The New European Industrial Policy
The years since the global financial crisis have seen something of a renaissance in the manufacturing industry. The United States has launched its Advanced Manufacturing Partnership, and China owes much of its spectacular economic boom in the last decades to its being the 'world's factory'. Is there room for the EU in this landscape? This timely new book explores Europe’s role in this evolving environment. It argues that on the one hand, in terms of sheer numbers, the role of the manufacturing industry in the EU is on a par with other major global economies. However, the book also states that Europe falls short of its global competitors (the USA in particular) in terms of its involvement i...
Aid for Trade and Sustainable Development in Least-Developed African Countries
Both neoclassical economic theory and the economics of industrial development praise the export sector due to its positive effects on industrial development. While neoclassical economic theory favors international trade because it facilitates productivity improvement, knowledge diffusion, and higher R&D investment, industrial economists stress the importance of export-led growth for its contribution to generating a more diversified industrial base. In accordance with these insights, Aid-for-Trade (AfT) promotes less-developed countries' integration into the global economy through supporting their trade-related infrastructure investments. Against this backdrop, this chapter shows that AfT can be instrumental in facilitating industrial development and building export capacity; thereby contributing to sustainable development in least-developed African countries.
Industrial, Science, Technology and Innovation Policies in South Korea and Japan
This book examines industrial policies as well as STI policies in two selected East Asian economies in South Korea and Japan, comparatively. It reviews general and sectoral policies in railway, medical, aviation equipment and electronics.
