SOAS Research Online

A Free Database of the Latest Research by SOAS Academics and PhD Students

[skip to content]

Chang, Ha-Joon and Andreoni, Antonio (2020) 'Industrial Policy in the 21st Century.' Development and Change, 51 (2). pp. 324-351.

[img] Text - Accepted Version
Restricted to Repository staff only until 12 January 2022.

Request a copy

Abstract

Industrial 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.

Item Type: Journal Article
SOAS Departments & Centres: Departments and Subunits > Department of Economics
ISSN: 14677660
Copyright Statement: © 2020 International Institute of Social Studies. This is the accepted manuscript of an article published by Wiley in Development and Change, available online: https://doi.org/10.1111/dech.12570
DOI (Digital Object Identifier): https://doi.org/10.1111/dech.12570
Date Deposited: 09 Dec 2019 14:14
URI: https://eprints.soas.ac.uk/id/eprint/32055

Altmetric Data

Statistics

Download activity - last 12 months
Downloads since deposit
7Downloads
192Hits
Accesses by country - last 12 months
Accesses by referrer - last 12 months

Repository staff only

Edit Item Edit Item