Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/129485 
Year of Publication: 
2015
Series/Report no.: 
WIDER Working Paper No. 2015/149
Publisher: 
The United Nations University World Institute for Development Economics Research (UNU-WIDER), Helsinki
Abstract: 
Industrial policies have played an important role in successful development. Through these policies, governments intervene in the market's sectoral allocation of resources and choice of technologies. Earlier industrial policies had a narrow remit and made use of a limited number of instruments. This paper argues that they should pursue broader objectives with a wider range of instruments. In particular, it argues that 'learning' is central to development, there are intrinsic market failures associated with learning, and that carefully crafted industrial policies can promote learning and development.
Subjects: 
industrial policies
learning
learning-by-doing
technological progress
Washington Consensus
Persistent Identifier of the first edition: 
ISBN: 
978-92-9256-038-6
Document Type: 
Working Paper

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