The Oxford Handbook of Industrial Policy

Arkebe Oqubay, PhD, is a senior minister and special advisor to the prime minister of Ethiopia and has been at the centre of policymaking for over twenty-five years. He is the former mayor of Addis Ababa, winner of the Best African Mayor of 2005, and finalist in the World Mayor Award 2005. He is a recipient of the Order of the Rising Sun, Gold and Silver Star presented by the Emperor of Japan. His recent works include the path-breaking Made in Africa: Industrial Policy in Ethiopia; The Oxford Handbook of the Ethiopian Economy; African Economic Development: Evidence, Theory, and Policy; The Oxford Handbook of Industrial Hubs and Economic Development; and The Oxford Handbook of Industrial Policy.

Christopher Cramer is professor of the political economy of development at SOAS, University of London. He is a vice-chair of the Royal Africa Society and chair of the Scientific Committee of the African Programme on Rethinking Development Economics (APORDE). His publications include Civil War Is Not A Stupid Thing: Accounting for Violence in Developing Countries (Hurst Publishers, 2006), African Economic Development: Evidence, Theory, and Policy (OUP, 2020) and The Oxford Handbook of the Ethiopian Economy (OUP, 2019, co-edited with Cheru and Oqubay). He led the research project Fairtrade, Employment, and Poverty Reduction in Ethiopia and Uganda.

Ha-Joon Chang teaches economics at the University of Cambridge. His main books include Kicking Away the Ladder (2002), Bad Samaritans (2007), 23 Things They Don’t Tell You about Capitalism (2011) and Economics: The User’s Guide (2014). His writing has been translated into forty-one languages in forty-four countries. Worldwide, his books have sold over 2 million copies. He is the winner of the 2003 Gunnar Myrdal Prize and the 2005 Wassily Leontief Prize.

Richard Kozul-Wright is director of the Globalisation and Development Strategies Division in UNCTAD. He has worked at the United Nations in both New York and Geneva. He holds a PhD in economics from the University of Cambridge. He has published widely on economic issues including, inter alia, in The Economic Journal, Cambridge Journal of Economics, The Journal of Development Studies, and Oxford Review of Economic Policy. He is the author of many books, including The Rise and Fall of Global Microcredit: Development, Debt and Disillusion (2018, with S. Blankenburg and M. Bateman), Securing Peace: State-Building and Economic Development in Post-Conflict Countries (2011, with P. Fortunato), Climate Protection and Development (2012, with Frank Ackerman) and The Resistible Rise of Market Fundamentalism (2008, with Paul Rayment). His edited volumes include Transnational Corporations and the Global Economy, Economic Insecurity and Development, Securing Peace, Climate Protection and Development, and Industrial Policy. He is a frequent contributor to newspapers worldwide on economic issues, including the Financial Times, The Guardian, and Project Syndicate.

Cite

Oqubay, Arkebe, and others (eds), The Oxford Handbook of Industrial Policy , Oxford Handbooks ( 2020; online edn, Oxford Academic , 10 Nov. 2020 ), https://doi.org/10.1093/oxfordhb/9780198862420.001.0001, accessed 4 Sept. 2024.

Abstract

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 issues in economics, 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 economic, social, and political consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and novel approaches 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, macroeconomic 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 technological change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thoughts 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.

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