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Industrial Policies in Developing Countries: History and Perspectives

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  • Michele Di Maio

    (Università di Macerata)

Abstract

This paper presents a historical and empirical account of the role played by government intervention in the form of industrial policies in spurring development and growth in developing countries in the last fifty years. Adopting the taxonomy proposed in Cimoli et alt. (2008), it describes the set of industrial policies implemented since the end of WWII to today in a number of developing countries. Which are the characteristics of successful industrial policies? Are there industrial policies, among the ones that have worked in the past, which can be also useful in the present context? Is there a fit-all recipe, or the high degree of country heterogeneity makes impossible to identify any general effective industrial policy? These are some of the questions this papers tries to suggest some answers.

Suggested Citation

  • Michele Di Maio, 2008. "Industrial Policies in Developing Countries: History and Perspectives," Working Papers 48-2008, Macerata University, Department of Finance and Economic Sciences, revised Oct 2008.
    • Handle: RePEc:mcr:wpdief:wpaper00048
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    References listed on IDEAS

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    1. Sanjaya Lall, 2013. "Reinventing Industrial Strategy: The Role Of Government Policy In Building Industrial Competitiveness," Annals of Economics and Finance, Society for AEF, vol. 14(2), pages 785-829, November.
    2. Erik S. Reinert, 1999. "The role of the state in economic growth," Journal of Economic Studies, Emerald Group Publishing, vol. 26(4/5), pages 268-326, September.
    3. Alcorta, Ludovico, 2000. "New Economic Policies and the Diffusion of Machine Tools in Latin America," World Development, Elsevier, vol. 28(9), pages 1657-1672, September.
    4. Erik S. Reinert, 2009. "Emulation versus Comparative Advantage: Competing and Complementary Principles in the History of Economic Policy," The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics 25, TUT Ragnar Nurkse Department of Innovation and Governance.
    5. Ground, Richard Lynn, 1988. "The genesis of import substitution in Latin America," Revista CEPAL, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), December.
    6. Ranis, Gustav, 1989. "The role of institutions in transition growth: The East Asian newly industrializing countries," World Development, Elsevier, vol. 17(9), pages 1443-1453, September.
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    Cited by:

    1. Marjan Petreski & Branimir Jovanovic & Igor Velickovski, 2017. "Tariff-Induced (De)industrialization: An Empirical Analysis," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 59(3), pages 345-381, September.
    2. Paola Perez-Aleman & Flavia Chaves Alves, 2017. "Reinventing industrial policy at the frontier: catalysing learning and innovation in Brazil," Cambridge Journal of Regions, Economy and Society, Cambridge Political Economy Society, vol. 10(1), pages 151-171.
    3. Ibrahim Ngouhouo & Etah Ivo Ewane, 2020. "The Effects of Foreign Direct Investments on Industrialization: A Comparative Approach between the Franc and the Non-Franc Zone," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 8(2), pages 123-132, June.
    4. Tilman Altenburg & Wilfried Lütkenhorst, 2015. "Industrial Policy in Developing Countries," Books, Edward Elgar Publishing, number 14726.
    5. Dranev, Yakov & Kuznetsov, Boris & Kuzyk, Mikhail & Pogrebnyak, Evgeny & Simachev, Yuri, "undated". "Experience in Implementing Industrial Policy in the Russian Federation in 2000-2012: Institutional Features, Interest Groups, Main Lessons," Published Papers nvg137, Russian Presidential Academy of National Economy and Public Administration.
    6. Samina KHALIL, 2015. "Research Notes: Impacts Of Economic Globalization On Sustainable Development," Pakistan Journal of Applied Economics, Applied Economics Research Centre, vol. 25(2), pages 213-243.
    7. Juthathip Jongwanich & Archanun Kohpaiboon, 2020. "Effectiveness of industrial policy on firm productivity: evidence from Thai manufacturing," Asian-Pacific Economic Literature, The Crawford School, The Australian National University, vol. 34(2), pages 39-63, November.
    8. Branimir Jovanović & Marjan Petreski & Igor Velickovski, 2015. "Tariff-induced (de)industrialization in transition economies: A comparative analysis," wiiw Balkan Observatory Working Papers 116, The Vienna Institute for International Economic Studies, wiiw.
    9. Mijiyawa, Abdoul' Ganiou, 2017. "Drivers of Structural Transformation: The Case of the Manufacturing Sector in Africa," World Development, Elsevier, vol. 99(C), pages 141-159.
    10. Szczygielski, Krzysztof & Grabowski, Wojciech & Pamukcu, Mehmet Teoman & Tandogan, Vedat Sinan, 2017. "Does government support for private innovation matter? Firm-level evidence from two catching-up countries," Research Policy, Elsevier, vol. 46(1), pages 219-237.

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    Keywords

    Industrial policy; Developing Countries; East Asia; Latin America;
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