Governments are regularly judged by their ability to deliver economic prosperity, however many policies fail to deliver their desired outcomes. Industrial Development examines historical examples of how governments have attempted to build productive capabilities and promote industrial learning. Each chapter shows a different way in which this is done whether it is imitating existing production technologies, building new advanced technologies, tapping into existing global chains or building their own value chains.
The book looks at a wide spectrum of countries and industries from Silicon Valley to the early Asian model of building domestic industries. The book also reveals that academics and policy makers can be a major source of policy failure.
This book makes an important contribution to our understanding of capability building, industrial development and economic growth and will be an essential reading for economists, policy makers and government officials making policy in a global economy.