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Khan, Mushtaq (2015) 'The Role of Industrial Policy: Lessons from Asia.' In: Bailey, David, Cowling, Keith and Tomlinson, Philip R., (eds.), New Perspectives on Industrial Policy for a Modern Britain. Oxford: Oxford University Press, pp. 79-98.

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Abstract

This chapter draws comparative lessons from the success and failures of industrial policy in Asia in the development of organizational and technological capabilities. The chapter points out that, while the UK still retains a lead over many emerging (Asian) economies in the organization of innovation, de-industrialization has weakened the UK’s ability to exploit the tacit knowledge embedded in the organizational routines of manufacturing firms. As a result, the UK has fallen behind in terms of its capacity to regain a broad base of competitive firms, raising the risk that successful innovation strategies will be accompanied by the offshoring of manufacturing elsewhere. In trying to re-acquire firm-level competitive capabilities, the chapter documents there is much the UK can learn from the rapid industrialization of Asian economies, particularly with regard to identifying and addressing constraints utilizing appropriate policy instruments within specific local, political, and institutional contexts.

Item Type: Book Chapters
SOAS Departments & Centres: Legacy Departments > Faculty of Law and Social Sciences > Department of Economics
ISBN: 9780198706205
Copyright Statement: This is a pre-publication version of the chapter and is allowed to be on my website by OUP: http://global.oup.com/uk/academic/rights/permissions/AutPerm/
DOI (Digital Object Identifier): https://doi.org/10.1093/acprof:oso/9780198706205.003.0005
Date Deposited: 05 May 2015 14:58
URI: https://eprints.soas.ac.uk/id/eprint/19849

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