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Title:Industrial policy: Old and new issues PDF Logo
Authors:Naudé, Wim
Issue Date:2010
Series/Report no.:Working paper // World Institute for Development Economics Research 2010,106
Abstract:The debate on industrial policy (IP) has been characterized by a number of contractions over the concept of industrial policy, its merits, contents and application. The purpose of this exploratory paper is to review the debate on IP. Outlining the concept and instruments of industrial policy, the paper reviews the evolution of IP over time, and discusses the current tension between the theory and practice of IP. Contrasting 'old' and 'new' issues in the debate, a tentative conclusion is that a fragile consensus on IP is within reach. This implies that the future debate - the 'new' issues - on IP will need to be increasingly concerned with (i) the 'how' of IP rather than the 'why' and (ii) with the new challenges and trends that will shape the content of IP.
Subjects:industrial policy
structural transformation
trade
development
least developed countries
JEL:O14
L50
L52
O25
L60
L16
L26
F13
H87
ISBN:978-92-9230-344-0
Document Type:Working Paper
Appears in Collections:WIDER Working Papers, United Nations University (UNU)

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