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New Challenges for Industrial Policy

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  • Wim Naudé

Abstract

This paper calls for a fresh look at industrial policies in the light of recent trends and developments in the global economy. In particular, five new challenges and their implications for industrial policies are discussed. These have been neglected in the debate on industrial policy and include (i) the increasing globalization of the world economy, most pertinently the rise of global production sharing, (ii) the recent crises in food, fuel and financial markets, (iii) climate change, (iv) the rise of China and India, and (v) the rise of the 'entrepreneurial economy'.

Suggested Citation

  • Wim Naudé, 2010. "New Challenges for Industrial Policy," WIDER Working Paper Series wp-2010-107, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2010-107
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    File URL: https://www.wider.unu.edu/sites/default/files/wp2010-107.pdf
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    References listed on IDEAS

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    1. David B. Audretsch & Isabel Grilo & A. Roy Thurik (ed.), 2007. "Handbook of Research on Entrepreneurship Policy," Books, Edward Elgar Publishing, number 3856.
    2. N/A, 2004. "The World Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 190(1), pages 8-32, October.
    3. David B. Audretsch (ed.), 2006. "Entrepreneurship, Innovation and Economic Growth," Books, Edward Elgar Publishing, number 4130.
    4. Bhagwati Jagdish, 2005. "From Seattle to Hong Kong: Are We Getting Anywhere?," Global Economy Journal, De Gruyter, vol. 5(4), pages 1-15, December.
    5. Audretsch, David B. & Keilbach, Max C. & Lehmann, Erik E., 2006. "Entrepreneurship and Economic Growth," OUP Catalogue, Oxford University Press, number 9780195183511.
    6. Paul Collier & Anthony J. Venables, 2007. "Rethinking Trade Preferences: How Africa Can Diversify its Exports," The World Economy, Wiley Blackwell, vol. 30(8), pages 1326-1345, August.
    7. Chris Alexander & Ken Warwick, 2007. "Governments, Exports and Growth: Responding to the Challenges and Opportunities of Globalisation," The World Economy, Wiley Blackwell, vol. 30(1), pages 177-194, January.
    8. Bert Ely, 2009. "Bad Rules Produce Bad Outcomes: Underlying Public-Policy Causes of the U.S. Financial Crisis," Cato Journal, Cato Journal, Cato Institute, vol. 29(1), pages 93-114, Winter.
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    Cited by:

    1. Wim Naudé, 2011. "Climate Change and Industrial Policy," Sustainability, MDPI, vol. 3(7), pages 1-19, July.
    2. Neil Foster-McGregor & Mario Holzner & Michael Landesmann & Johannes Pöschl & Robert Stehrer & Roman Stöllinger, 2013. "A ‘Manufacturing Imperative’ in the EU – Europe's Position in Global Manufacturing and the Role of Industrial Policy," wiiw Research Reports 391, The Vienna Institute for International Economic Studies, wiiw.
    3. Cameli, Simone Amato, 2023. "A complexity economics framework for 21st-century industrial policy," Structural Change and Economic Dynamics, Elsevier, vol. 64(C), pages 168-178.
    4. Vu, Khuong M., 2018. "Embracing globalization to promote industrialization: Insights from the development of Singapore's petrochemicals industry," China Economic Review, Elsevier, vol. 48(C), pages 170-185.
    5. Coulibaly, Salifou K. & Erbao, Cao & Metuge Mekongcho, T., 2018. "Economic globalization, entrepreneurship, and development," Technological Forecasting and Social Change, Elsevier, vol. 127(C), pages 271-280.
    6. Janssen, Matthijs J., 2019. "What bangs for your buck? Assessing the design and impact of Dutch transformative policy," Technological Forecasting and Social Change, Elsevier, vol. 138(C), pages 78-94.
    7. Matthijs Janssen, 2016. "What bangs for your bucks? Assessing the design and impact of transformative policy," Innovation Studies Utrecht (ISU) working paper series 16-05, Utrecht University, Department of Innovation Studies, revised Dec 2016.

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