Abstract
This paper does not attempt to develop a comprehensive framework for how to design industrial policy for catch-up in the 21st century. Such a framework is beyond the scope of this paper. This paper, however, makes two significant contributions to this broader debate. First, it carefully revisits the literature on industrialization in the 20th century and identifies what can still be learned from these experiences for countries aiming to catch up in the 21st century. It focuses on how ISI and EOI policies were used in complementary fashion, as well as on the important role of domestic firm ownership and of the domestic market. Second, it uses these lessons to carve out the limitations of an industrialization strategy that is purely focused on global value chain participation, and suggests how industrial policy in the sense of 'productive sector policies' can contribute to an industrialization strategy that avoids such a narrow focus.
Original language | English |
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Publication date | 17 Jun 2020 |
Number of pages | 31 |
Publication status | Published - 17 Jun 2020 |
Event | DSA UK Conference 2020: New Leadership for Global Challenges - University of Birmingham (Online), Birmingham, United Kingdom Duration: 17 Jun 2020 → 17 Jun 2020 https://www.devstud.org.uk/past-conferences/2020-new-leadership-for-global-challenges/ |
Conference
Conference | DSA UK Conference 2020 |
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Location | University of Birmingham (Online) |
Country/Territory | United Kingdom |
City | Birmingham |
Period | 17/06/2020 → 17/06/2020 |
Internet address |
Bibliographical note
Paper presented at the DSA UK 2020 virtual Conference "New leadership for global challenges", 17/06/2020Keywords
- Industrial Policy
- global value chains
- Industrialisation