Can Industrial Policy Work under Neopatrimonial Rule?

Tilman Altenburg

No wp-2011-041, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Technological latecomer countries face a dilemma, they need to pursue pro-active industrial policies to compensate for manifold disadvantages vis-à-vis established competitors, but at the same time, due to neopatrimonial politics and capacity constraints, their institutions are rarely in a position to correct market failure effectively. Do the risks of misallocation outweigh the benefits and should these countries abstain from industrial policies?

Keywords: Economic development; Industrial policy; Policy sciences; Political science (search for similar items in EconPapers)
Date: 2011
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Citations: View citations in EconPapers (3)

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