Scoring 50 Years of US Industrial Policy, 1970–2020

Scoring 50 Years of US Industrial Policy, 1970–2020
Author: Gary Clyde Hufbauer
Publisher: Peterson Institute for International Economics
Total Pages: 127
Release: 2021-11-29
Genre: Business & Economics
ISBN: 0881327468

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Industrial policy is making a comeback in the United States. It is more urgent than ever to understand how and whether industrial policy has worked to strengthen the US economy. This study analyzes and scores 18 US industrial policy episodes implemented between 1970 and 2020, in an effort to assess what went right and what went wrong—and how the current initiatives might fare. The Peterson Institute for International Economics gratefully acknowledges the support of the Koch Foundation for this project.

Industrial Policies for Growth and Competitiveness: Empirical studies

Industrial Policies for Growth and Competitiveness: Empirical studies
Author: Francis Gerard Adams
Publisher: Lexington, Mass. : LexingtonBooks
Total Pages: 264
Release: 1983
Genre: Industrial policy
ISBN:

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Based on studies of industrial policy carried out at the University of Pennsylvania Economics Research Unit, this volume presents an overview of the issues of industrial policy. The authors discuss the various meanings of industrial policy; explain the types of market-failure that would prompt most economists to accept governmental intervention at the industry level; chronicle selective intervention in developed and developing countries since World War II; and mull over the policy available to the United States. They seek to set the stage for further studies of general and industry specific incentives in the framework of models of the macro-economy and with respect to particular industries. ISBN 0-669-05412-7 : $25.95.

Industrial Organization

Industrial Organization
Author: Kenneth George
Publisher: Routledge
Total Pages: 484
Release: 2005-08-11
Genre: Business & Economics
ISBN: 1134898622

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As most economies remain caught in a global recession, that shows little sign of abatement, the importance of maintaining a flourishing industrial sector for the economic wellbeing of a country has rarely been so relevant. Industrial Organisation has long served as a basic introduction to this subject. The book is concerned with economic problems and policy issues that arise from the activities of firms. The authors reject the traditional micro-economic analysis of market structure in favour of studying conduct and performance in the context of macro-economic policy and the environment which this provides for firms. Substantially revised and updated to take account of developments in the subject since the publication of the last edition, Industrial Organization includes four new chapters which reflect the major new areas of interest in industrial economics over the last decade. These include the increasing importance of the service sector and problems of relatively low productivity growth within this, and questions relating to increased levels of international competition in a more open world economy. This is a comparative study, drawing on empirical evidence from the UK, USA and the EC. Mathematical and econometric requirements are kept to a minimum, and the text has long been regarded as the most accessible introduction to the subject.

Technology and the Pursuit of Economic Growth

Technology and the Pursuit of Economic Growth
Author: David C. Mowery
Publisher: Cambridge University Press
Total Pages: 344
Release: 1991-07-26
Genre: Business & Economics
ISBN: 9780521389365

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Technology's contribution to economic growth and competitiveness has been the subject of vigorous debate in recent years. This book demonstrates the importance of a historical perspective in understanding the role of technological innovation in the economy. The authors examine key episodes and institutions in the development of the U.S. research system and in the development of the research systems of other industrial economies. They argue that the large potential contributions of economics to the understanding of technology and economic growth have been constrained by the narrow theoretical framework employed within neoclassical economies. A richer framework, they believe, will support a more fruitful dialogue among economists, policymakers, and managers on the organization of public and private institutions for innovation. David Mowery is Associate Professor of Business and Public Policy at the School of Business Administration, University of California, Berkeley. Nathan S. Rosenberg is Fairleigh Dickinson Professor of Economics at Stanford University. He is the author of Inside the Black Box: Technology and Economics (CUP, 1983).

The Oxford Handbook of Industrial Policy

The Oxford Handbook of Industrial Policy
Author: Arkebe Oqubay
Publisher: Oxford University Press, USA
Total Pages: 981
Release: 2020-10-19
Genre: Business & Economics
ISBN: 0198862423

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Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives, and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.

Competitive Manufacturing

Competitive Manufacturing
Author: Stuart A. Rosenfeld
Publisher: Routledge
Total Pages: 369
Release: 2017-07-12
Genre: Business & Economics
ISBN: 1351527134

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Stuart A. Rosenfeld presents a timely analysis of the problems the United States and other industrialized countries face as they adjust from economies based on natural resources and goods to economies based on quality of human resources and high-performance, market-oriented organizations. Some of the questions raised include: Will American industry successfully face the competitive challenge of the global economy? Can US manufacturing raise productivity and innovate enough to remain healthy? Have the latest advances in process technology and management practice penetrated the rural industrial base? How can public policy help improve the competitiveness of the crucial manufacturing sector? This book challenges the conventional wisdom in economic development policy. Past state and local industrial policy focused on locational decisions, not on issues of competitiveness. Building the competitive advantage of industry is more important than promoting the competitive advantages of location. Incentives to modernize are more important than subsidies to locate. Competitive Manufacturing uses the rural South, the most industrialized rural region of the nation, to examine the strengths and weaknesses of manufacturing as the basis for economic growth. Using historical analysis, surveys, and intensive case studies, the author analyzes the technological capabilities of rural manufacturing, the factors that influence the decision to modernize, and the effects of technology on education and work. Comparative studies in Denmark and Italy point to new directions for US economic development policy.