scholarly journals Governing through non‐enforcement: Regulatory forbearance as industrial policy in advanced economies

2021 ◽  
Author(s):  
Matías Dewey ◽  
Donato Di Carlo
Keyword(s):  
Industrial Policy ◽  
Advanced Economies ◽  
Regulatory Forbearance

FDI, Industrialization, and Development

2017 ◽  
Author(s):  
Yilmaz Akyüz
Keyword(s):  
Industrial Policy ◽  
Transnational Corporations ◽  
Competitive Advantages ◽  
Policy Space ◽  
Management Skills ◽  
Host Countries ◽  
Strong Case ◽  
The Past ◽  
Advanced Economies ◽  
International Investors

Superior technology and management skills of transnational corporations (TNCs) can bring significant benefits to EDEs. However, they cannot be expected to pass willingly the competencies that bring them competitive advantages or act with a developmental perspective and help build potentially efficient local industries. Their contribution to industrialization and development depends very much on deliberate policies of host countries. Lessons from experience suggest that successful examples are found not among EDEs that attracted more FDI, but among those which used it effectively in the context of national industrial policy. However, the past two decades have seen a rapid erosion of policy space in EDEs as a result of bilateral investment treaties signed with more advanced economies, allowing significant leverage to international investors. There is a strong case for renegotiating or terminating them since they greatly compromise the ability of EDEs to benefit from FDI for industrialization and development.

Technological Disruptions, GVCs, and Industrial Policy

2020 ◽  
pp. 484-504
Author(s):  
David Bailey ◽  
Lisa De Propris
Keyword(s):  
Industrial Policy ◽  
New Technologies ◽  
High Technology ◽  
Value Chains ◽  
Innovation Activities ◽  
Advanced Economies ◽  
Start Ups ◽  
The Impact ◽  
Technology Industries ◽  
High Technology Industries

This chapter examines the impact of technological change on global value chains (GVCs) and what initiatives and instruments governments in advanced economies can deploy to support firms and people during the transition. Drawing on an emerging debate on de-globalization, we discuss how global production is slowly shifting from being organized in GVCs to continental platforms with shorter and geographically closer relationships as firms seek to co-locate manufacturing and innovation activities. This offers regions and places the opportunity to upgrade and transform their economies and thereby to anchor high-technology industries, leveraging industrial legacy with frontier technologies. We will discuss the implications for a transformative place-based industrial policy that aims to connect embedded industries to new technologies; to repopulate embedded industries with new firms and start-ups, and to use regulation and procurement to create new markets and allow exploration.

The European Union’s Industrial Policy

2020 ◽  
pp. 620-660 ◽  
Author(s):  
Michael A. Landesmann ◽  
Roman Stöllinger
Keyword(s):  
European Union ◽  
Industrial Policy ◽  
Environmental Sustainability ◽  
The European Union ◽  
Global Context ◽  
Structural Funds ◽  
Catching Up ◽  
Advanced Economies ◽  
The Subject ◽  
National Governments

This chapter reviews the industrial policy in the European Union in the light of the revived interest in the subject and the most pressing challenges ahead. In the current global context these challenges are (i) to keep pace at the technology frontier with the technologically most advanced economies; (ii) to meet the challenges of fast catching-up emerging economies; (iii) to contribute to the convergence and cohesion processes within the European Union; and (iv) to deal with climate change and environmental sustainability issues more generally. A quantitative exercise that makes use of the European Union’s budget data, including the structural funds, and member states aid expenditures, is used to identify the European Union’s current industrial policy priorities. The results are the basis for an assessment of the extent to which the key challenges are addressed at the supranational level and which aspects are primarily dealt with by national governments.

The Politics of African Industrial Policy

2015 ◽  
Author(s):  
Lindsay Whitfield ◽  
Ole Therkildsen ◽  
Lars Buur ◽  
Anne Mette Kjar
Keyword(s):  
Industrial Policy

On the strategy for industrial development of Russia

2017 ◽  
pp. 45-59 ◽  
Author(s):  
V. Osmakov ◽  
A. Kalinin
Keyword(s):  
Foreign Trade ◽  
Development Strategy ◽  
Goal Setting ◽  
Industrial Policy ◽  
Industrial Development ◽  
Social Policies ◽  
Strategic Decisions ◽  
Territorial Planning

The article considers the problems of industrial policy and, accordingly, the industrial development strategy from the standpoint of the challenges facing the industry, the conditions for the adoption of strategic decisions and possible answers - the key directions of state activities. The main principles and directions are analyzed: investment, foreign trade, technological policies, certain aspects of territorial planning, state corporate and social policies. Proposals on the prospective goal-setting and possible results of industrial policy have been formulated.

Competition Policy under Economic Crisis

2009 ◽  
pp. 54-69 ◽  
Author(s):  
A. Shastitko ◽  
S. Avdasheva ◽  
S. Golovanova
Keyword(s):  
Division Of Labor ◽  
Economic Crisis ◽  
Industrial Policy ◽  
Competition Policy ◽  
Transition Economy ◽  
Economic Recession ◽  
Price Rigidity ◽  
Key Factor ◽  
Policy Measures ◽  
The Impact

The analysis of competition policy under economic crisis is motivated by the fact that competition is a key factor for the level of productivity. The latter, in its turn, influences the scope and length of economic recession. In many Russian markets buyers' gains decline because of the weakness of competition, since suppliers are reluctant to cut prices in spite of the decreasing demand. Data on prices in Russia and abroad in the second half of 2008 show asymmetric price rigidity. At least two questions are important under economic crisis: the 'division of labor' between pro-active and protective tools of competition policy and the impact of anti-crisis policy on competition. Protective competition policy is insufficient in transition economy, especially in the days of crisis it should be supplemented with the well-designed industrial policy measures which do not contradict the goals of competition. The preferable tools of anti-crisis policy are also those that do not restrain competition.

Introduction of Full Convertibility of National Currency: Problems of Theory and Practice

2005 ◽  
pp. 61-71 ◽  
Author(s):  
A. Navoi
Keyword(s):  
Transition Economies ◽  
International Experience ◽  
Theory And Practice ◽  
National Currency ◽  
Russian Economy ◽  
Advanced Economies ◽  
Additional Income

The article is devoted to actual questions of introducing convertibility of the ruble. The structure and definitions of convertibility are considered. On the basis of the international experience the economic essence of convertibility as a source of additional income of the states-emissioners is revealed. The sequence of stages of convertibility in advanced economies is presented, basic problems of introducing convertibility in developing as well as in transition economies are studied. The experience of transition to convertibility of the ruble and corresponding consequences for the Russian economy are analyzed.

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