Industrial Policy: New Realities, Formation and Implementation Issues

Evaluation of Industrial Policy: Methodological Issues and Policy Lessons

New Challenges for Industrial Policy

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 productio...

History of Industrial Biotransformations – Dreams and Realities

Throughout the history of mankind, microorganisms have been of enormous social and economic importance. Without even being aware of their existence, very early on in history man was using them in the production of food and beverages. The Sumerians and Babylonians were practising the brewing of beer before 6000BC, references to wine making can be found in the Book of Genesis and the Egyptians us...

Regional Development Planning - Issues and Realities

“The urban population in the Asian and Pacific region between 1991 and 2020 is expected to rise from 991 million to 2.44 billion. This means an additional 1.4 billion people will be living in the urban centers of Asia. Cities already feel this increase tangibly, as they strain to properly service the physical and social needs of their populations. The urban poor feel the pinch as they struggle ...

New trade theory: implications for industrial policy

The new trade theory, which emerged in the early 1980s, emphasised economies of scale and market failures as driving forces behind international trade. As opposed to the earlier theory, which mainly assumed perfect competition, the new trade theory provided a rationale for industrial policy. This article shows how industrial policy targeting specific firms or industries may be socially desirabl...