Industrial Development: How States Build Capabilities and Deliver Economic Prosperity

Governments are often judged by their ability to deliver economic prosperity, but many policies fail to achieve their desired outcomes. Industrial Development explores historical examples of how governments have attempted to build productive capabilities and promote industrial learning, including imitating existing production technologies, building new advanced technologies, tapping into global chains, and building their own value chains. The book covers a wide spectrum of countries and industries and reveals that academics and policy makers can be a major source of policy failure.

Format: Paperback / softback
Length: 228 pages
Publication date: 31 May 2023
Publisher: Taylor & Francis Ltd

Governments are frequently evaluated based on their capacity to foster economic prosperity, yet numerous policies fall short of achieving their intended results. Industrial Development delves into historical instances where governments have endeavored to enhance productive capacities and foster industrial learning. Each chapter presents a distinct approach to achieving this, ranging from emulating existing production technologies to developing advanced technologies, leveraging existing global chains, or establishing self-sufficient value chains.

The book explores a diverse range of countries and industries, spanning from Silicon Valley to the early Asian model of developing domestic industries. Furthermore, it discloses that academics and policy makers can be significant contributors to policy failures.

This book makes a substantial contribution to our understanding of capability building, industrial development, and economic growth, and is a must-read for economists, policy makers, and government officials engaged in formulating policies in the global economy.

Weight: 453g
Dimension: 234 x 156 (mm)
ISBN-13: 9781032075662