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New Industrial Policies to Achieve Sustainable Asia-Wide Economic Development

Author

Listed:
  • Masahito AMBASHI

    (Economic Research Institute for ASEAN and East Asia (ERIA))

  • Naoyuki HARAOKA

    (Japan Economic Foundation)

  • Fukunari KIMURA

    (Economic Research Institute for ASEAN and East Asia (ERIA))

  • Yasuyuki SAWADA

    (University of Tokyo)

  • Masakazu TOYODA

    (Japan Economic Foundation)

  • Shujiro URATA

    (Economic Research Institute for ASEAN and East Asia (ERIA))

Abstract

This paper underscores the need for a renewed industrial strategy tailored to East Asian and Southeast Asian nations and regions that have experienced rapid economic growth through industrialisation. The proposed strategy emphasises integrating digitalisation into industrial and development policies as a catalyst for innovation. In light of the global resurgence of industrial policy, the paper aims to advocate for the transformation of economic structures through the application of accumulated empirical knowledge and evidence-based policymaking. Additionally, it provides a comprehensive account of the historical development strategies in Asia and offers insights into how these strategies should adapt to future challenges and opportunities.

Suggested Citation

  • Masahito AMBASHI & Naoyuki HARAOKA & Fukunari KIMURA & Yasuyuki SAWADA & Masakazu TOYODA & Shujiro URATA, 2025. "New Industrial Policies to Achieve Sustainable Asia-Wide Economic Development," Working Papers DP-2024-34, Economic Research Institute for ASEAN and East Asia (ERIA).
    • Handle: RePEc:era:wpaper:dp-2024-34
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    More about this item

    Keywords

    East Asia and ASEAN; industrial policy; evidence-based policymaking; digitalisation;
    All these keywords.

    JEL classification:

    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East

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