Home > Publications > Books > Industrial Policy and Development

Industrial Policy and Development

The Political Economy of Capabilities Accumulation

Mario Cimoli (editor), Giovanni Dosi (editor), Joseph Stiglitz (editor)

Book Sample  96kb pdf
Twitter Facebook More

In the 1990s, development policy advocated by international financial institutions was influenced by Washington Consensus thinking. This strategy, based largely on liberalization, privatization, and price-flexibility, downplayed, if not disregarded, the role of government in steering the processes of technological learning and economic growth. With the exception of the Far East, many developing countries adopted the view that industrial policy resulted in inefficiency and poor economic growth.

Purchase Book

Hardcover
ISBN-10: 0199235279
ISBN-13: 9780199235278
Available at Amazon

Order

Ample historical evidence shows that industrial policy does work, when the right technologies and industries are supported and when appropriate combinations of policy measures are implemented. This book provides an in-depth exploration of which industrial policies have been successful, the trade-offs associated with these microeconomic approaches to growth and development, and the opportunities and constraints associated with the current organization of international economic relations.

About the Editors

Mario Cimoli
Professor of Economics
Ca' Foscari University of Venice

M. Cimoli is Professor of Economics at the University of Venice (Ca' Foscari) since 1992 and Economic Affair Officer at ECLAC (Economic Commission for Latin America and the Caribbean) of UNITED NATIONS since 1999. He obtained a DPhil at the SPRU (University of Sussex) and he has held a number of visiting appointments in different universities and institutions (University of Pisa, University Metropolitan of Mexico (UAM), University of Campinas, etc).

Giovanni Dosi
Professor of Economics
Sant'Anna School of Advanced Studies of Pisa

Giovanni Dosi is Professor of Economics at the Scuola Superiore Sant'Anna in Pisa and Visiting Professor at the University of Manchester. His major research areas include economics of innovation and technological change, industrial organisation and industrial dynamics, theory of the firm and corporate governance, economic growth and development. Professor Dosi is Co-Director of the task forces on Industrial Policy and Intellectual Property Rights at the Initiative for Policy Dialogue, Columbia University, New York; Continental Europen Editor of Industrial and Corporate Change, Research consultant for Italian and international public and private institutions, and Honorary Research Professor at the University of Sussex.

Joseph Stiglitz
Co-President
Initiative for Policy Dialogue

Joseph E. Stiglitz is co-founder and Executive Director of the Initiative for Policy Dialogue at Columbia University, for which he also co-chairs the macroeconomics, Capital Market Liberalization, and Intellectual Property task forces. Dr. Stiglitz holds joint professorships at Columbia University's Economics Department and its Business School. From 1997 to 2000 he was the World Bank's Senior Vice President for Development Economics and Chief Economist. From 1995- 97 he served as Chairman of the U.S. Council of Economic Advisers and as a member of President Clinton's cabinet. From 1993 to 1995 he was a member of the Council of Economic Advisers. He was previously a professor of economics at Stanford, Princeton, Yale, and All Souls College. Dr. Stiglitz is a leading scholar of the economics of the public sector and was awarded the Nobel Prize in Economics in 2001 in addition to the American Economic Association's biennial John Bates Clark Award in 1979. His work has been recognized through his election as a fellow to the National Academy of Sciences, the American Academy of Arts and Sciences, the Econometric Society, and the British Academy.

Publication Information

Type Books
Program Industrial Policy
Download 96kb pdf
Posted 10/01/09
Publisher Oxford University Press
Year 2009
# Pages 608pp