Industrial Development: How States Build Capabilities and Deliver Economic Prosperity (Routledge Studies in the Modern World Economy)

✍ Scribed by Greg Clydesdale

• Publisher: Routledge
• Year: 2021
• Tongue: English
• Leaves: 237
• Edition: 1
• Category: Library

✦ Synopsis

Governments are regularly judged by their ability to deliver economic prosperity, however many policies fail to deliver their desired outcomes. Industrial Development examines historical examples of how governments have attempted to build productive capabilities and promote industrial learning. Each chapter shows a different way in which this is done whether it is imitating existing production technologies, building new advanced technologies, tapping into existing global chains or building their own value chains.

The book looks at a wide spectrum of countries and industries from Silicon Valley to the early Asian model of building domestic industries. The book also reveals that academics and policy makers can be a major source of policy failure.

This book makes an important contribution to our understanding of capability building, industrial development and economic growth and will be an essential reading for economists, policy makers and government officials making policy in a global economy.

✦ Table of Contents

Cover
Half Title
Series Information
Title Page
Copyright Page
Table of Contents
List of Illustrations
1 Introduction
What Is Economic Growth?
The Role of Knowledge
What More Evidence Do You Need?
The United States as a Mixed Economy
Notes
2 Silicon Valley, Trajectories and Government Policy
Transistors
Silicon Valley
A Technology With Endless Opportunity
Institutions and Clusters
Analysis: Trajectories and Government Policy
Application of Government Policy and Bottom-Up Development
Research and Development
Industrial Policy: Comparative Advantage, Following Or Developing
Diversity Or Specialised Knowledge
Cluster Policy
Growth: Exogenous, Endogenous and Accounting
Conclusion
Notes
3 Trajectories, Competitive Advantage and Learning
Birth of an Industry
What Determines If That Industry Grows to Be Internationally Competitive?
Are Some Industries Better Than Others at Delivering Growth?
Why Might a Country Not Stay On Its Existing Trajectory and Exploit Its Comparative Advantage?
Changing an Industrial Base
Learning and Capability Building
Notes
4 Industrial Policy Debates
Market Failure
Government Failure
Industrial Policy Over Time
Recent Debate
Is Market Failure the Only Rationale for Government Intervention?
Notes
5 Policy Options
Finance
Infrastructure
Globalisation Changes Policy Options
Global Value Chains and Place-Based Policies
Final Warnings
Notes
6 The Early Asian Model: Building Domestic Businesses
The Japanese Model: Taiwan and Korea
It Does Not Always Work
Notes
7 Capability Building for a Global Economy: Singapore and Ireland
Singapore
Ireland
Notes
8 Building Global Networks: New Zealand and Brazil
The New Zealand Movie Industry
Lessons for Industrial Policy
Brazil’s Embraer
Notes
9 Building at the Technological Frontier
The United States
Israel
Notes
10 Creating New Knowledge: R&D and Universities
Systems of Innovation
Knowledge-based Policies
Internal Incentives
Technology Transfer Offices
Incubators
Science Parks
Closer Relations With Business
Direct Funding of Research
Other Financial Incentives
Patents and Intellectual Property
Why Did the Programme Fail?
Summary
Notes
11 Entrepreneurship Policy: Learning to Build New Businesses
Government Policy and Entrepreneurship
What Do Venture Capitalists Do?
Business Coaching and Mentoring
This Is Not Silicon Valley
Notes
12 Place-Based Policies for Growth
What Is a Cluster Policy and How do they Work?
Governments and Clusters
Case Study: Cluster Policy in New Zealand
An Alternative Geographic Theory to Drive Policy
Clusters of Innovation
Conclusion
Notes
13 Social Capital: Building Capabilities to Work Together
Institutions
Case Study: How Britain Reduced Corruption
Britain’s History of Fighting Corruption
Getting Rid of Corruption
Notes
14 Human Capital and Diversity: Acquiring Worker’s Capabilities
Immigration and Ethnic Diversity
Case Study: Immigration to New Zealand
Lessons for Policy Makers
Notes
15 Conclusion: Learning About Industrial Policy
Lessons
Notes
Index