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Beyond industrial policy : Emerging issues and new trends

Related Document
Frame of Image ina - Plan for National Strategic Emerging Industries • India – National Manufacturing Policy • Japan – Industrial Structure Vision • Netherlands – Top Sectors • UK – Plan for Growth and Industrial Strategy • US – American Recovery and Reinvestment Act
4
Why the resurgence of interest?
• Search for measures to stimulate growth and employment in response to the crisis • Concerns over structural imbalances • Prevalence of market failure • Political economy of bail-out finance • Challenge of emerging market economies
5
Share of global manufacturing value added
Source: OECD estimates, based on UNSD
6
Location of value added in the value chain
Source: Gary Gereffi, presentation at OECD workshop, September 2010.
7
Definition of Industrial Policy
“Industrial Policy is any type of intervention or government policy that attempts to improve the business environment or to alter the structure of economic activity toward sectors, technologies or tasks that are expected to offer better prospects for economic growth or societal welfare than would occur in the absence of such intervention.”
8
The evolving rationale for industrial policies
• Laissez faire • Traditional, state-aids, ownership-based • Neoclassical, market-failure correcting • New growth, technological capabilities • Institutionalist, neo-Schumpeterian, evolutionist, systems-based
9
Typology of instruments by policy domain
Policy domain: Product or factor markets – labour, capital, land and technology. Role for policies to devel


Full Text
Title Beyond industrial policy
Similar Titles
Sub Title

Emerging issues and new trends

Material Type Proceedings
Author(English)

Warwick, Ken

Publisher

[Seoul]:KDI

Date 2013-06
Event

Global Industry and Economy Forum 2013

Pages 27
Language English
File Type Documents
Original Format pdf
Subject Industry and Technology < General
Holding KDI; KDI School