Includes index.

Includes bibliographical references and index.

Learning, industrial, and technology polices : an overview / Akbar Noman and Joseph E. Stiglitz -- Part I. Theoretical and conceptual foundations. Industrial policies in learning economies / Mario Cimoli and Giovanni Dosi -- Dynamic efficiency : structural dynamics and economic growth in developing countries / Jose Antonio Ocampo -- Part II. Development finance. Uncertainty, investment, and financing : the strategic role of national development banks / João Carlos Ferraz -- The roles of development banks : how they can promote investment in Europe and globally / Stephany Griffith-Jones and Giovanni Cozzi -- Inside the black box of Japan's institution for industrial policy : an institutional analysis of the development bank, private sector, and labor / Go Shimada -- Development banks and industrial finance : the Indian experience and its lessons / Deepak Nayyar -- Part III. Practice and proposals. Industrial policy revisited : a new structural economics perspective / Justin Yifu Lin -- Varieties of industrial policy : models, packages, and transformation cycles / Antonio Andreoni -- Industrial strategies : toward a learning society for quality growth / Akio Hosono -- Could technology make natural resources a platform for industrialization? : identifying a new opportunity for Latin America (and other resource-rich countries) / Carlota Perez -- Manufacturing development : the role of comparative advantage, productivity growth, and country-specific conditions / Nobuya Haraguchi -- Does manufacturing colocate with intermediate services? : analyzing the world input-output database / Ming Leong Kuan.

Industrial policy, once relegated to the trash bin by the orthodoxy of recent decades, is undergoing a resurgence of interest. This interest pertains not only to resource allocation, technological improvements, and the modernization of industries, but also is a vital component of sustainability, learning, and economic transformation in all sectors, including agriculture. A rich set of complementary institutions, shared behavioral norms, and public policies have sustained economic growth from Britain's industrial revolution onward. This volume revisits the role of industrial policy in the success of these strategies and what it can offer developed and developing economies today, featuring essays from experts on the most effective use of industrial policies in learning economies, development finance, and the promotion of investment in regional and global contexts. Also included are in-depth case studies of experience with industrial policy in the banking and private sectors, including in Japan and India. One essay revisits the theoretical and conceptual foundations of industrial policy from a structural economics and growth theory perspective, and another describes the models, packages, and transformation cycles that constitute a variety of approaches to design and implementation. Throughout, the book emphasizes industrial policies for facilitating high-quality growth, ways of managing and minimizing their risks, and realizing more sustainable and transformational development. -- from dust jacket.

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