Development and Modern Industrial Policy in Practice Issues and Country Experiences Jesus Felipe‎ 1784715557 9781784715557

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Product details:

• ISBN-10 ‏ : ‎ 1784715557
• ISBN-13 ‏ : ‎ 9781784715557
• Author: Jesus Felipe

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 modern industrial policy is embedding private initiative in a framework of public action to encourage diversification, upgrading, and technological dynamism to achieve development in the twenty-first century.

The book reviews key questions that policymakers ask about industrial policy, such as: who selects sectors; what is the rationale for sector selection; what are the main tools to promote sectors?, what is the role of human capital; and what are the mechanisms for monitoring and evaluation? Expert contributors discuss how to undertake industrial policy effectively and examine the experiences of Australia, the EU, the Republic of Korea, Malaysia, and the US.

Table of contents:

1 Modern industrial policy

2 Issues in modern industrial policy (I): sector selection, who,

3 Issues in modern industrial policy (II): human capital and

4 Capability building and industrial diversification

5 Industrial policy design and implementation challenges

6 Catching up: structural transformation and diversification

7 Economic diversification: implications for Kazakhstan

8 Industrial diversification in the People’s Republic of China

9 Do as I say, or as I do? US innovation and industrial policy

10 The Republic of Korea’s financial support for small and

11 Industrial policy: the Australian experience

12 Diversification and industrial policies in Malaysia

13 Industrial policy in the European Union

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