Industrial policy in the shadow of conflict: lessons from the past

Morgan Kelly and Kevin O'Rourke

No 19372, CEPR Discussion Papers from Centre for Economic Policy Research

Abstract: We discuss the industrial policies pursued by leading nations, on or close to the technological frontier, before and during the first and second industrial revolutions. The discussion is thematic rather than chronological due to space constraints. Industrial policy was the rule rather than the exception historically, and was often motivated by supply chain and strategic considerations. It was sometimes effective, and sometimes not, with the supply of appropriate skilled labour being an important constraint in several cases. British success in the late 18th century owed a lot more to activist policy, undertaken in an era of constant warfare, and a lot less to stable property rights, than is sometimes thought.

Keywords: Industrial; policy (search for similar items in EconPapers)
JEL-codes: F13 F52 L50 N40 N70 O20 (search for similar items in EconPapers)
Date: 2024-08
References: Add references at CitEc
Citations:

Downloads: (external link)
https://cepr.org/publications/DP19372 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpr:ceprdp:19372

Ordering information: This working paper can be ordered from
https://cepr.org/publications/DP19372

Access Statistics for this paper

More papers in CEPR Discussion Papers from Centre for Economic Policy Research 33 Great Sutton Street, London EC1V 0DX, UK.
Bibliographic data for series maintained by CEPR ().