Edited by Giovanni Dosi, Mario Cimoli and Joseph E. Stiglitz
In the 1990s, development policy advocated by international financial institutions was influenced by Washington Consensus thinking. This strategy, based largely on liberalization, privatization, and price-flexibility, downplayed, if not disregarded, the role of government in steering the
processes of technological learning and economic growth. With the exception of the Far East, many developing countries adopted the view that industrial policy resulted in inefficiency and poor economic growth.
Ample historical evidence shows that industrial policy does work, when the
right technologies and industries are supported and when appropriate combinations of policy measures are implemented. This book provides an in-depth exploration of which industrial policies have been successful, the trade-offs associated with these microeconomic approaches to growth and
development, and the opportunities and constraints associated with the current organization of international economic relations.
Preface
1. Mario Cimoli, Giovanni Dosi , Joseph E. Stiglitz: The Political Economy of Capabilities Accumulation: The Past and Future of Policies for Industrial Development
Part I: General Introduction
2. Mario Cimoli, Giovanni Dosi, Richard R. Nelson, Joseph E. Stiglitz:
Institutions and Policies Shaping Industrial Development: An Introductory Note
3. Carolina Castaldi, Mario Cimoli, Nelson Correa, Giovanni Dosi: Technological Learning, Policy Regimes and Growth: The Long Term Patterns and Some Specificities of a 'Globalized' Economy
Part II: Industrial
Policies in an historical perspective
4. Erik S. Reinert: Emulation v. Comparative Advantage: Competing and Complementary Principles in the History of Economic Policy
5. Michele Di Maio: Industrial Policies in Developing Countries: History and Perspectives
6. Yilmaz Akyuz: Industrial
Tariffs, International Trade And Development
7. Wilson Peres: The (Slow) Return of Industrial Policies in Latin America and the Caribbean
Part III: National and regional experiences
8. Jose Gabriel Palma: Flying Geese and Waddling Ducks: the Different Capabilities of East Asia and
Latin America to <'Demand-Adapt>' and <'Supply-Upgrade>' their Export Productive Capacity
9. Bernardo Kosakoff, Adrian Ramos: Microeconomic Evolution in High Uncertainty Contexts: The Manufacturing Sector in Argentina
10. Antonio Barros de Castro: The Impact of Public Policies in Brazil Along
the Path from Semi-Stagnation to Growth in a Sino-Centric Market
11. Ajit Singh: The Past, Present and Future of Industrial Policy in India: Adapting to the Changing Domestic and International Environment
12. Carl J. Dahlman: Growth and Development in China and India: The Role of Industrial
and Innovation Policy in Rapid Catch-up
13. Mushtaq H. Khan, Stephanie Blankenburg: The Political Economy of Industrial Policy in Asia and Latin America
14. Roberto Mazzoleni, Richard R. Nelson: The Roles of Research at Universities and Public Labs in Economic Catch-up
15. Alice H.
Amsden: Nationality of Firm Ownership in Developing Countries: Who Should Crowd Out Whom in Imperfect Markets?
16. Colin Mayer: A Question of Trust: Historical Lessons for Current Development
17. Mario L. Possas, Heloisa L. Borges: Competition Policy and Industrial Development
18. Mike
Hobday, Fernando Afonso de Barros Perini: Latecomer Entrepreneurship: a Policy Perspective
19. Mario Cimoli, Benjamin Coriat, Annalisa Primi: Intellectual Property and Industrial Development: A Critical Assessment
Part IV: Conclusion
20. Mario Cimoli, Giovanni Dosi, Joseph E.
Stiglitz: The Future of Industrial Policies in the New Millennium: Toward a Knowledge-centered Development Agenda
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Giovanni Dosi is Professor of Economics at the Scuola Superiore Sant'Anna in Pisa and Visiting Professor at the University of Manchester. His major research areas include economics of innovation and technological change, industrial organisation and industrial dynamics, theory of the firm and
corporate governance, economic growth and development. Professor Dosi is Co-Director of the task forces on Industrial Policy and Intellectual Property Rights at the Initiative for Policy Dialogue, Columbia University, New York; Continental Europen Editor of Industrial and Corporate Change, Research
consultant for Italian and international public and private institutions, and Honorary Research Professor at the University of Sussex. M. Cimoli is Professor of Economics at the University of Venice (Ca' Foscari) since 1992 and Economic Affair Officer at ECLAC (Economic Commission for Latin America
and the Caribbean) of UNITED NATIONS since 1999. He obtained a DPhil at the SPRU (University of Sussex) and he has held a number of visiting appointments in different universities and institutions (University of Pisa, University Metropolitan of Mexico (UAM), University of Campinas, etc). Joseph E.
Stiglitz was awarded the Nobel Prize in economics in 2001 and is University Professor at Columbia University where he founded the Initiative for Policy Dialogue in 2000. He was Chair of President Bill Clinton's Council of Economic Advisors from 1995-97 and Chief Economist and Senior Vice-President
of the World Bank from 1997-2000. He is also chair of the University of Manchester's Brooks World Poverty Institute and is a member of the Pontifical Academy of Social Sciences. His best known recent publications include 'Making Globalization Work' (2006), 'Fair Trade for All' (2005), 'Globalization
and its Discontents' (2002) and 'The Roaring Nineties' (2003).
Making Sense - Margot Northey and Joan McKibbin
The Washington Consensus Reconsidered - Narcís Serra and Joseph E. Stiglitz
Capital Market Liberalization and Development - Edited by Joseph E. Stiglitz and José Antonio Ocampo
Stability with Growth - Joseph Stiglitz, José Antonio Ocampo, Shari Spiegel, Ricardo Ffrench-Davis and Deepak Nayyar
Economic Development and Environmental Sustainability - Edited by Ramón López and Michael A. Toman
Fair Trade For All - Joseph E. Stiglitz and Andrew Charlton
