What role for industrial policy in the Asia-Pacific after the crisis?

Date

2011-11

Journal Title

Journal ISSN

Volume Title

Publisher

ARTNeT, United Nations ESCAP

Abstract

Policymakers are looking for alternative schema around which to organise economic development strategies, and promoting industrial policy seems to signal an intention to intervene in markets more often. However, signalling is not a strategy, nor on its own does it represent coherently formulated policy. Given the multiplicity of objectives attributed to industrial policy, it may not be able to deliver, nor should it be used as a catch phrase. For instance, popular notions such as “inclusive growth” can be misleading if policy objectives are not clearly stated and linked to implementation and evaluation.

Description

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Keywords

INDUSTRIAL POLICY, ASIA AND THE PACIFIC, ECONOMIC RECOVERY, ECONOMIC THEORY, SMALL ENTERPRISES, SERVICE INDUSTRY, WTO, GREEN POLICIES, POLICY MONITORING, RESEARCH NEEDS

Citation

DOI