Industrial Policy and Growth

Helen Shapiro

Working Papers from United Nations, Department of Economics and Social Affairs

Abstract: The paper highlights how the rationales and instruments of industrial policy have changed since the 1960s. It finds that theories of industrialization have come full circle, as many of the assumptions behind the market failure paradigm have made a comeback. The policy implications of these theories, however, have not been similarly resurrected. It makes an explicit comparison between the strategies of East Asia and Latin America, and reviews the explanations for their divergent performance. It identifies a “back to the future” quality of Latin America’s situation, pointing to the region’s balance of payments constraint and dependence on commodity-like industrial products.

Keywords: Industrial Policy; Competitiveness; East Asia; Latin America (search for similar items in EconPapers)
JEL-codes: F13 L52 L53 O14 O38 O53 O54 (search for similar items in EconPapers)
Pages: 17 pages
Date: 2007-08
New Economics Papers: this item is included in nep-cse, nep-dev, nep-pke and nep-sea
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (8)

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Persistent link: https://EconPapers.repec.org/RePEc:une:wpaper:53

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