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The Political Economy of Industrialization: Introduction to Development and Change Virtual Issue

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  • Servaas Storm

Abstract

The ‘political economy of industrialization’ in mixed economies has been a key concern of Development and Change right from the start, as will be clear from this collection of 22 articles, published in the journal between 1970 and 2015. All papers analyse what government should and should not do — and, more importantly, what government can do to foster industrial development within the constraints and contradictions imposed by domestic political alignments and the global capitalist order. The 22 papers in this virtual issue are grouped under three broad headings: (1) varieties of industrialization experiences; (2) the macroeconomics of industrialization; and (3) state capitalism and industrialization. This introductory essay discusses the main themes of each grouping and justifies why the papers have been included by highlighting how each one engages with the main themes and what lessons it holds for industrialization now.

Suggested Citation

  • Servaas Storm, 2017. "The Political Economy of Industrialization: Introduction to Development and Change Virtual Issue," Development and Change, International Institute of Social Studies, vol. 48(6), pages 1-19, November.
    • Handle: RePEc:bla:devchg:v:48:y:2017:i:6:p:e1-e19
    DOI: 10.1111/dech.12281
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    References listed on IDEAS

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    1. Hans Singer, 1979. "A Generation Later: Kurt Mandelbaum's The Industrialisation of Backward Areas Revisited," Development and Change, International Institute of Social Studies, vol. 10(4), pages 577-584, October.
    2. Ignacy Sachs, 1979. "Development, Maldevelopment and Industrialization of Third World Countries," Development and Change, International Institute of Social Studies, vol. 10(4), pages 635-646, October.
    3. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
    4. Amit Bhaduri, 1992. "Some Unconventional Implications of Conventional Stabilization Policies," Indian Economic Review, Department of Economics, Delhi School of Economics, vol. 27, pages 129-134.
    5. Albert O. Hirschman, 1968. "The Political Economy of Import-Substituting Industrialization in Latin America," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 82(1), pages 1-32.
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