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Download Industrial Policy and Development: The Political Economy of Capabilities Accumulation (Initiative for Policy Dialogue) fb2, epub

by Mario Cimoli,Giovanni Dosi,Joseph E. Stiglitz

Download Industrial Policy and Development: The Political Economy of Capabilities Accumulation (Initiative for Policy Dialogue) fb2, epub

ISBN: 0199235260
Author: Mario Cimoli,Giovanni Dosi,Joseph E. Stiglitz
Language: English
Publisher: Oxford University Press; 1 edition (November 30, 2009)
Pages: 464
Category: Social Sciences
Subcategory: Other
Rating: 4.9
Votes: 597
Size Fb2: 1231 kb
Size ePub: 1911 kb
Size Djvu: 1590 kb
Other formats: mobi lit txt rtf


ISBN-13: 978-0199235278. Joseph E. Stiglitz was awarded the Nobel Prize in economics in 2001 and is University Professor at Columbia University where he founded the Initiative for Policy Dialogue in 2000. He was Chair of President Bill Clinton's Council of Economic Advisors from 1995-97 and Chief Economist and Senior Vice-President of the World Bank from 1997-2000.

February 2006 ยท Journal of Chinese Economic and Business Studies.

ISBN 978-0-19 923527-8.

Mario Cimoli, Giovanni Dosi, and Joseph E. Stiglitz. Mushtaq H. Khan and Stephanie Blankenburg.

Well beyond a market failure perspective - whereby perfect markets are the purest benchmarks - institutions and policies embed both learning and non-learning behaviors, the construction of domestic learning organizations, national systems of production, imitation, and innovation. Mario Cimoli, Giovanni Dosi, and Joseph E.

Let me start by making some of the key points first. This is an important and timely book. It appears just when the failures of orthodox economics have become apparent to all but the most ardent believers of the neoclassical faith.

Initiative for Policy Dialogue Series. Oxford and New York: Oxford University Press, 2009. They are not shy about their claims

In the 1990s, development policy advocated by international financial institutions was influenced by Washington Consensus thinking. This strategy, based largely on liberalization, privatization, and price-flexibility, downplayed, if not disregarded, the role of government in steering the processes of technological learning and economic growth. With the exception of the Far East, many developing countries adopted the view that industrial policy resulted in inefficiency and poor economic growth.Ample historical evidence shows that industrial policy does work, when the right technologies and industries are supported and when appropriate combinations of policy measures are implemented. This book provides an in-depth exploration of which industrial policies have been successful, the trade-offs associated with these microeconomic approaches to growth and development, and the opportunities and constraints associated with the current organization of international economic relations.

Comments:

Venemarr
Is a very good book that puts together a broad discussion of how industrial policy has performed all over the world, it reviews the historical perspective, reviewing in a comparative perspective Asia and Latin America, it details the case of Argentina, Brazil, India and China. Its conclusions are in line with the idea that the future societies will require industrial policy to survive in the competition of what has been called the wolrd of the Knowledge Centered economies. Most of the chapters discuss extensive, empirical evidence, on development as a process that links micro learning dynamics, economhy wide accumulation of technological capabilities and industrial development. It ends with an agenda where it points out for the need of a management of the distribution of rents favourable to learning and industrialization, for an adequate property rights regime that will help industrialization, it prevents of using the natural resource curse and it stress the necessary consistency between macroeconomic and industrial policies. This books update the discussion about industrial policies and development, so is a good reading for all those interested in making policy works out for increasing productive capacities in the right direction.
JoJolar
Great book. A widespread compilation of policy issues on industrial policy, written by some of the most outstanding authors in this field
Zymbl
Disappointing book despite provocative and interesting title (to economic policy wonks at least). Much of the material is recycled, there is little new insight and it is laden with technical, dense and overly academic material.

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