Industrial Policy for Growth and Diversification: A Conceptual Framework - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Industrial Policy for Growth and Diversification: A Conceptual Framework write by Reda Cherif. This book was released on 2022-09-30. Industrial Policy for Growth and Diversification: A Conceptual Framework available in PDF, EPUB and Kindle. 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.
Development and Modern Industrial Policy in Practice
Development and Modern Industrial Policy in Practice - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Development and Modern Industrial Policy in Practice write by Jesus Felipe. This book was released on 2015-04-24. Development and Modern Industrial Policy in Practice available in PDF, EPUB and Kindle. 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
The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy
The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy write by Reda Cherif. This book was released on 2019-03-26. The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy available in PDF, EPUB and Kindle. 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.
The Oxford Handbook of Industrial Policy
The Oxford Handbook of Industrial Policy - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook The Oxford Handbook of Industrial Policy write by Arkebe Oqubay. This book was released on 2020-10-19. The Oxford Handbook of Industrial Policy available in PDF, EPUB and Kindle. 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.
A Conceptual Policy Framework for Leveraging Digitalization to Support Diversification in Sub-Saharan Africa
A Conceptual Policy Framework for Leveraging Digitalization to Support Diversification in Sub-Saharan Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook A Conceptual Policy Framework for Leveraging Digitalization to Support Diversification in Sub-Saharan Africa write by Mame Astou Diouf. This book was released on 2024-06-21. A Conceptual Policy Framework for Leveraging Digitalization to Support Diversification in Sub-Saharan Africa available in PDF, EPUB and Kindle. 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.
