Industrial Policy Definition Pdf Download


Industrial Policy Definition Pdf Download >>>



























































Contents 1 History 2 Criticism 3 Debates on the 'how to' of industrial policy 4 See also 5 Footnotes 6 Bibliography 7 External links . Carey, Matthew (1826). The National System of Political Economy. 16384 ^ Amsden 1992. Lin, Justin; Chang, Ha-Joon (2009). ISBN978-0-521-54525-9. Industrial policy is seen as harmful as governments lack the required information, capabilities and incentives to successfully determine whether the benefits of promoting certain sectors above others exceeds the costs and in turn implement the policies.[20] While the East Asian Tigers provided successful examples of heterodox interventions and protectionist industrial policies,[21] industrial policies such as import-substitution-industrialization (ISI) has failed in many other regions such as Latin America and Sub-Saharan Africa. Journal of the Early Republic. ^ Pack & Saggi 2006. An Inquiry into the Nature and Causes of the Wealth of Nations. State-Directed Development: Political Power and Industrialization in the Global Periphery. Bonn: German Development Institute. While the current debate has shifted away from dismissing industrial policies overall, the best ways of promoting industrial policy are still widely debated.[25]. Much debate also still surrounds the issue whether government failures are more pervasive and severe than market failures.[27] Some argue that the lower the government accountability and capabilities, the higher the risk of political capture of industrial policies, which may be economically more harmful than existing market failures.[28]. (1998). ^ Rodrik 2004, p.2. Retrieved 27 August 2012. Public finance Policies Agricultural Economic Energy Industrial Investement Social Trade Fiscal Monetary Policy mix Fiscal policy Budget policy Debt external internal Deficit/ Surplus Finance ministry Fiscal union Revenue Spending deficit Tax Monetary policy Bank reserves (requirements) Discount window Gold reserves Interest rate Monetary authority central bank currency board Monetary base Monetary (currency) union Money supply Trade policy Balance of trade Free trade Gains from trade Non-tariff barrier Protectionism Tariff Trade bloc Trade creation Trade diversion Trade/ Commerce ministry Revenue Spending Non-tax revenue Tax revenue Discretionary spending Mandatory spending Optimum Balanced budget (fiscal) Growth (trade and investment) Price stability (monetary) Reform Fiscal adjustment Monetary reform v t e .


In B. London: Methuen & Co. Industrial policies are sector-specific, unlike broader macroeconomic policies. ISBN978-0-199-23526-1. Governments, in making decisions with regard to electoral or personal incentives, can be captured by vested interests, leading to industrial policy only supporting the rent-seeking political elite while distorting the efficient allocation of resources by market forces at the same time.[22]. e913ce18fc

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