Beyond Industrial Policy: Emerging Issues and New Trends

This paper reviews the evidence on emerging thinking and new trends in the sphere of industrial policy. The paper adopts a broad and inclusive definition of industrial policy, and proposes a new typology based on the orientation of policy and the policy domain. Looking at a typology according to the...

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Bibliographic Details
Main Author: Warwick, Ken (Author)
Format: Electronic eBook
Language:English
Published: Paris OECD Publishing 2013
Series:OECD Science, Technology and Industry Policy Papers
Subjects:
Online Access:Volltext
Summary:This paper reviews the evidence on emerging thinking and new trends in the sphere of industrial policy. The paper adopts a broad and inclusive definition of industrial policy, and proposes a new typology based on the orientation of policy and the policy domain. Looking at a typology according to the policy domain, the paper proposes a framework based on growth accounting, which parallels the evolution of thinking about the rationale for industrial policy interventions, which has moved from a traditional approach based largely on product market interventions (production subsidies, state ownership, tariff protection), through market failure-correcting taxes and subsidies operating mainly on factor markets (R&D incentives, training subsidies, investment allowances, help with access to finance) to a focus on interventions that help build systems, create networks, develop institutions and align strategic priorities
Physical Description:1 Online-Ressource (56 Seiten) 21 x 29.7cm
DOI:10.1787/5k4869clw0xp-en