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1 – 10 of over 4000After some years in which industrial policy was frowned upon, it is now widely considered to be a legitimate arena for policy formulation. The danger is that policymakers will…
Abstract
Purpose
After some years in which industrial policy was frowned upon, it is now widely considered to be a legitimate arena for policy formulation. The danger is that policymakers will seek to return to previously implemented policies. However many elements of this historic policy agenda are not replicable because of changes in global governance regulations. But changing framing conditions in the global economy also mean that the historic agenda is no longer optimal.
Methodology/approach
This chapter discusses four disruptive structural changes which affect the industrial policy agenda – the changing manufactures-commodities terms of trade, the centrality of global value chains in world industrial production, the growth of environmental externalities which affect growth and development, and the need to develop more inclusive patterns of growth.
Findings
The key findings are that there is scope for industrial policies to successfully confront these challenges, but that this will be contextual and may require a mix of policies designed to meet multiple objectives.
Value/originality
Significantly, industrial policy should be seen as a process aligning the operations of key stakeholders and subject to change as conditions alter, rather than as an industrial policy roadmap of the sort which frequently characterised policy in the past.
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Keywords
You have the option of a golden future in commodities, says Alec Snobel continuing his series on personal finance for managers.
Chinese exports grew by 7.1% year-on-year in US dollar terms, while imports expanded by 3.5%. The trade gap narrowed to USD39.7bn in February. Export growth was buoyed by rapid…
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DOI: 10.1108/OXAN-DB286287
ISSN: 2633-304X
Keywords
Geographic
Topical
Proposed new regulatory standards for EU financial markets.
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DOI: 10.1108/OXAN-DB205908
ISSN: 2633-304X
Keywords
Geographic
Topical
Obstacles facing Brazilian exporters.
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DOI: 10.1108/OXAN-DB240918
ISSN: 2633-304X
Keywords
Geographic
Topical
CHINA: Weak global trade dominates export outlook
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DOI: 10.1108/OXAN-ES251946
ISSN: 2633-304X
Keywords
Geographic
Topical
The evolution of Brazil-China economic relations.