Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/129485
Authors: 
Stiglitz, Joseph E.
Year of Publication: 
2015
Series/Report no.: 
WIDER Working Paper 2015/149
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
ISBN: 
978-92-9256-038-6
Document Type: 
Working Paper

Files in This Item:
File
Size
246.26 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.