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040 _c
100 _aChang, Ha-Joon
_955203
245 _aIndustrial Policy in the 21st Century /
260 _bWiley,
_c2020.
300 _aVol 51, issue 2, 2020 : (324-351 p.).
520 _aIndustrial policy is back at the centre stage of policy debate, while the world is undergoing dramatic transformations. This article contributes to the debate by developing a new theory of industrial policy, incorporating some issues that have been neglected so far and taking into account the recent changes in economic reality. The authors explore how the incorporation of some of the neglected issues — commitments under uncertainty, learning in production, macroeconomic management (especially demand management), and conflict management — changes the theory. They then examine how the theory of industrial policy should be modified in light of recent changes in economic reality: the rise of the global value chain, financialization and new imperialism. This contribution aims at promoting a pragmatic approach to industrial policy and pointing to new areas for policy intervention in a changing world.
700 _aAndreoni, Antonio
_955204
773 0 _08737
_916865
_dWest Sussex John Wiley & Sons Ltd. 1970
_tDevelopment and change
_x0012-155X
856 _u https://doi.org/10.1111/dech.12570
942 _2ddc
_cART
999 _c13579
_d13579