Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/333554 
Year of Publication: 
2025
Series/Report no.: 
ILO Working Paper No. 153
Publisher: 
International Labour Organization (ILO), Geneva
Abstract: 
Industrial policy has returned amid geopolitical rivalry, supply-chain fragility, and contemporary grand transitions, but its performance hinges less on ideology than on governance and design. By examining three comparative cases (Germany, Republic of Korea, South Africa), this paper argues that structured social dialogue improves targeting, monitoring, and legitimacy. The mechanism reduces information asymmetries, aligns incentives via reciprocal accountability, and anchors commitments beyond political cycles, reducing capture and execution risk. For these potentials to be realized several conditions are crucial: institutional permanence; social partners that possess both capacity and legitimacy: and patient and pragmatic engagement by stakeholders.
Persistent Identifier of the first edition: 
ISBN: 
978-92-2-042858-0
Creative Commons License: 
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Document Type: 
Working Paper

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