Overview
Explains how manufacturing and industrial policy supports economic development
Introduces a stylized industrialization process which can be used to locate a country’s stage of industrialization and a parsimonious method to determine economically strategic sectors
Discusses the links between industrial policy on the one hand, and macroeconomics, international trade and capital flows, global imbalances, and the educational system, on the other
Access this book
Tax calculation will be finalised at checkout
Other ways to access
Table of contents (16 chapters)
-
Front Matter
-
Part I
-
Front Matter
-
-
Industrial Policy
-
Front Matter
-
Keywords
About this book
Closely linked to global trade and (im)balances, industrialization was never an accident. Industrialization explains how some countries experience export-led growth and others import-led slowdowns. Many confuse industrialization with the construction of factory buildings rather than a capacity and skill building process through certain stages. Industrial policy helps countries advance through those stages.
Explaining technical concepts in understandable terms, the book discusses the capacity and limits of the developmental state in industrialization and in general in economic development, demonstrating how picking-the-winner type focused industrial policy has worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results.
Reviews
“Refreshing and innovative. A must read for academics and practitioners alike.” (Piergiuseppe Fortunato , Economic Affairs Officer, United Nation Conference for Trade and Development, UNCTAD)
“Illuminates one of the most important questions of our time, ‘Why does manufacturing matter?’ interweaving economics with history, theory and empirics from an international perspective.” (Franco Mosconi, Jean Monnet Professor, Universitá degli Studi di Parma, Italy)
“Brilliant, incisive analysis of industrialization; significantly improves the understanding of industrialization and economic development; a must read for Governments, policy makers, investors, development professionals, and general public.” (Vivienne Yeda, Director General, East African Development Bank)
“A must-read, a tour de force on the theory and policy of industrialization; offers important insights on how countries can avoid the middle-income trap.” (Travis Taylor, Honors Program Faculty, Christopher Newport University, USA)
Authors and Affiliations
About the author
Bibliographic Information
Book Title: How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development
Authors: Murat A. Yülek
DOI: https://doi.org/10.1007/978-981-13-0568-9
Publisher: Palgrave Macmillan Singapore
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s) 2018
Hardcover ISBN: 978-981-13-0567-2Published: 13 August 2018
Softcover ISBN: 978-981-13-4453-4Published: 30 January 2019
eBook ISBN: 978-981-13-0568-9Published: 02 August 2018
Edition Number: 1
Number of Pages: XXX, 284
Number of Illustrations: 6 b/w illustrations, 44 illustrations in colour
Topics: Development Economics, Economic History, Industrial Organization, R & D/Technology Policy, Economic Policy