1. The Political Economy of Industrial Policy
- Author:
- Vinod K Aggarwal and Sonia Aggarwal
- Publication Date:
- 07-2016
- Content Type:
- Working Paper
- Institution:
- Berkeley APEC Study Center
- Abstract:
- Does the new IP debate fundamentally change the rationale for intervention? Are the new tools of intervention radically different from those we have seen before? Is the new IP easier to implement than import substitution industrialization that marked the economic policies of most developing countries from the 1950s to the early 1980s? And what constraints are countries likely to face if they try to pursue IP? By reviewing both the old and new claims about IP, and by focusing in particular on the political economy of IP, the goal of this paper is to provide analytical survey of the current lay of the land with respect to our understanding of the benefits and pitfalls in the pursuit of IP.
- Topic:
- Economics, Political Economy, and Industry
- Political Geography:
- Asia and Global Focus