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In the 1990s, development policy advocated by international financial institutions was influenced by Washington Consensus thinking. This strategy, based largely on liberalization, privatization, and price-stability, down-played, if not disregarded, the role of government in economic planning. With the exception of the Far East, many developing countries adopted the view that industrial policy resulted in inefficiency and poor economic growth pervaded. Although the term industrial policy has earned a poor reputation in the past, this prescription has been successfully employed in what are now some of the most vibrant emerging markets -- India, China, Brazil --  |
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| IPD Book Series: Industrial Policy and Development: The Political Economy of Capabilities Accumulation |
| Publication: Edited by Mario Cimoli, Giovanni Dosi and Joseph E. Stiglitz |
In the 1990s, development policy advocated by international financial institutions was influenced by Washington Consensus thinking. This strategy, based largely on liberalization, privatization, and price-flexibility, downplayed, if not disregarded, the role of government in steering the processes of technological learning and economic growth. With the exception of the Far East, many developing countries adopted the view that industrial policy resulted in inefficiency and poor economic growth.
Ample historical evidence shows that industrial policy does work, when the right technologies and industries are supported and when appropriate combinations of policy measures are implemented. This book provides an in-depth exploration of which industrial policies have been successful, the trade-offs associated with these microeconomic approaches to growth and development, and the opportunities and constraints associated with the current organization of international economic relations. |
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| Industrial Policy and the Challenges for Competitiveness |
| Event: Celso Furtado International Seminar in Sao Paulo: May 22, 2006 - May 24, 2006 |
| Resulting from a partnership between the Brazilian Agency of Industrial Development (ABDI) and the Economic Commission for Latin America and the Caribbean (ECLAC), the seminar harnessed the strengths and expertise in IPD''s task force on industrial policy. The seminar analyzed the Brazilian industrial policy within the global scenario and in the light of the South American, European and Asian experiences. |
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| Industrial Policy Meeting, India 2005 |
| Event: New Delhi: Dec 12, 2005 - Dec 13, 2005 |
| Since it last met, the Industrial Policy task force added two new members who will use the upcoming meeting to discuss the past and future of industrial policy in India and China. Participants also reviewed final drafts of papers for their forthcoming publication. This task force meeting was held from 12 - 13th of December in partnership with the National Council of Applied Economic Research. |
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| Industrial Policy Meeting in Rio, March 2005 |
| Event: Rio de Janeiro, Brazil: Mar 17, 2005 - Mar 19, 2005 |
| The Industrial Policy Task Force convened its second meeting in Rio de Janeiro in March 2005 as a follow-up to the 2003 Brazil Country Dialogue. Task force members used this forum to review and critque papers written for their forthcoming publication as well as to participate in the Research and Learning Network on Globalization and Development -- a network focused on development strategies. This was IPD's third event in Brazil. |
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