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This article is devoted to the analysis of restructuring in the Russian production sector basing on the worldwide experience of innovative industrial policy with the focus on the role of the government in this process. While the author in the article identifies de- and re-industrialization trends, cluster systems organization as well as development of national innovation systems (NIS) as crucial processes in the global industry great attention is paid to the role of the state in these processes. International practice in developed countries shows that the state plays key role in industrialization process acting as a brainchild in setting target values for R&D industrial expansion implementing institutional, infrastructure, preferential as well as tax relief forms of support. Major advanced economies devote considerable attention to creation of supportive environment for industrial development, including implementation of national innovation systems (NIS) as well as elaboration of the institutional infrastructure industry development programs. Global market industrial trends analysis shows that production sector together with its innovative development will remain a major priority and a driving force in global economic growth. Taking into account present situation of the Russian economy which can be described as critical, time factor is considered to be of great importance, making it necessary to adopt accelerated development model in the Russian economy reforms. A key question to consider is what actions should be adopted by the government to ensure acceleration in economic development of the country.

List of Tables -- List of Figures -- List of Charts -- Preface -- Introduction and Overview -- PART 1 TRADE AND DEVELOPMENT -- Instruments of Trade and Industrial Policy -- Trade Policy and Development -- PART 2 TOOLS OF POLICY EVALUATION: PARTIAL ANALYSIS -- The Structure of Nominal Protection -- The Effective Protection -- Analysis Domestic Resource -- Cost Analysis -- PART 3 TOOLS OF GENERAL EQUILIBRIUM ANALYSIS -- Shift Analysis and the Incidence of Protection Shift -- Analysis and the Incidence of Protection -- Computable General Equilibrium -- Modelling Applied CGE -- Analysis of Trade Policy -- PART 4 EVALUATING COMPARATIVE ADVANTAGE -- Revealed Comparative Advantage -- Potential Comparative Advantage -- PART 5 THE MODELLING AND REFORMULATION OF POLICY -- Structural Adjustment Lending: Rationale and Trade Aspects -- Structural Adjustment Lending: Timing, Sequencing and Sustainability.

"China has achieved remarkable, sustained economic growth under the policies of "reform and opening up" put into place since the late 1970s. China's industrial policies have nurtured a large group of firms with high profits and a high market capitalisation. However, few people in the West can name a single Chinese firm. During the modern era of capitalist globalisation firms from the high income countries have spread their business systems across the world. This has presented a profound challenge for industrial policy in developing countries, including even China, the world's second largest economy. China is unique among large latecomer developing countries in having reached the position of being a huge, fast-growing economy, with a tremendous impact on the rest of the world, but lacking a substantial group of globally competitive firms. This volume explores this paradox. Fully understanding the industrial policy challenge that the era of capitalist globalisation has produced for China is essential for harmonious international relations. Peter Nolan, leading expert on the Chinese economy, analyses the true nature of Chinese firms and their place in China's growing global economy in this book. Nolan argues that whilst Chinese films appear highly successful, in reality they are at a relatively early stage of development in contrast to Western firms, with comparatively low research and development expenditure, and high reliance on domestic markets. The book explores key sectors of the economy, and discusses the dilemmas for China in formulating the next stage of its industrial policy"--Provided by publisher

This policy report stakes a stance on industrial policy in the European Union in the light of the revived interest in the subject and the most pressing challenges ahead. In the current global context these challenges are: (i) to keep pace at the technology frontier with the technologically most advanced economies; (ii) to meet the challenge of fast catching-up emerging economies; (iii) to contribute to the convergence and cohesion processes within the EU; and (iv) to deal with climate change and environmental sustainability issues more generally. A quantitative exercise that makes use of the EU's budget data, including the structural funds, and member states state aid expenditures is used to identify the EU's current industrial policy priorities. The results are the basis for an assessment of the extent to which the key challenges are addressed at the supranational level and which aspects are primarily dealt with by national governments.

The Philippines demonstrated significant economic growth - and is still gaining momentum - in recent years. This was after being tagged as the 'sick man of Asia' for showing slow growth while its Asian neighbors flourished. To sustain the current growth momentum and make it inclusive, transforming the economy becomes crucial. The government developed a new industrial strategy. It started with the Manufacturing Resurgence Program which developed industrial roadmaps with the help of the private sector. This was meant to evolve into a Comprehensive National Industrial Policy (CNIP) that integrates industry/manufacturing with agriculture and services. The overall strategy identifies competition, innovation, and productivity as the underlying framework. The New Industrial Policy has further evolved into an Inclusive, Innovative Industrial Strategy (I3s) recognizing the crucial role of innovation especially as we are on the road towards Industry 4.0. The overall objective of the Philippine industrial strategy is to build globally-competitive industries as well as strong domestic and global linkages. Currently, there are 12 priority industries identified. To boost growth and make these industries competitive and productive, several strategic actions/measures have also been identified, such as addressing supply chain gaps, providing HRD and skills training, developing small and medium enterprises, considering innovation and upgrading, intensifying investment promotion, and addressing horizontal issues e.g. infrastructure, logistics, and regulatory processes, among others. With the strong economy that the Philippines has been experiencing and a new industrial policy being implemented, attaining growth that is sustainable and inclusive is promising. Manufacturing growth surpassing services sector growth in the last three years is a testament to the impact of the new industrial policy on the economy, especially in the manufacturing sector. With the continued implementation of the strategic actions and programs and support from stakeholders, goals that strengthen SMEs, industry and innovation hubs establishment, more and quality labor generation and labor productivity enhancement, among other aspirations for the industry, can be achieved.

The importance of manufacturing for industrialised countries has been reappraised, specifically in the wake of the financial crisis and of China's rise to world no. 1 in manufacturing. A "new industrial policy" should bolster reindustrialisation, different from the old selective and interventionist one, with proposals by academia, by the European Commission and many national policy makers in the USA, UK and France. It should be pro competitive, in line with societal needs, integrated with innovation and regional policy building on competitive strength and with "sustainability at centre stage". Environmental standards should no longer be considered as an obstacle to competitive manufacturing but could constitute a driver of green growth. Europe sets targets for increasing energy efficiency, increasing shares of renewable energy and cutting emission first for 2020 and then for 2050, demanding the reduction of greenhouse gases by 80 to 90 percent, based on new technologies and prices of carbon dioxide of 250 € per ton. Headwinds to this ambitious path come from low gas prices specifically in the USA, based on a new extraction technology and from the breaking down of the European emission trading. The question now raises whether Europe has to cope with low gas prices as to prevent carbon leakage, or whether Europe can stick to the goals of the envisaged integrated and systemic industrial policy as to raise energy efficiency as well as to reduce carbon emissions by new technologies. A "new industrial policy" would match the US cost advantage in energy by closing the technology deficit, improving skills and going for excellence in energy efficiency and clean technologies.

Cover -- Contents -- Acronyms and Abbreviations -- 1. Beyond the Developmental State: An Introduction - Ben Fine -- 2. The Rise and Fall of the Developmental State? The Case of the Japanese and South Korean Steel Industries - Jajime Sato -- 3. An Alternative Perspective on Industrial Policy: The Case of the South Korean Car Industry - Kwon-Hyung Lee -- 4. Labour and the 'Developmental State': A Critique of the Developmental State Theory of Labour - Dae-oup Chang -- 5. What of the Developmental State beyond Catching Up? The Case of the South Korean Microelectronics Industry - Humam Al-Jazaeri -- 6. Globalisation and the Decline of the Developmental State - Iain Pirie -- 7. The IT Industry and Interventionist Policy in India - Jyoti Saraswati -- 8. Lessons for Nigeria from Developmental States: The Role of Agriculture in Structural Transformation - Eka Ikpe -- 9. Finance and the Developmental State: The Case of Argentina - Daniela Tavasci -- 10. Systems of Accumulation and the Evolving South African MEC - Sam Ashman, Ben Fine and Susan Newman -- References -- Contributors -- Index.

"Illuminates one of the most important questions of our time, 'Why does manufacturing matter?' interweaving economics with history, theory and empirics from an international perspective."--Franco Mosconi, Jean Monnet Professor, Universitá degli Studi di Parma, Italy "Brilliant, incisive analysis of industrialization; significantly improves the understanding of industrialization and economic development; a must read for Governments, policy makers, investors, development professionals, and general public." --Vivienne Yeda, Director General, East African Development Bank "A must-read, a tour de force on the theory and policy of industrialization; offers important insights on how countries can avoid the middle-income trap." --Travis Taylor, Honors Program Faculty, Christopher Newport University, USA This book assesses developmental experience in different countries as well as British expansion following the industrial revolution from a developmental perspective. It explains why some nations are rich and others are poor, and discusses how manufacturing made economies flourish and spurred economic development. It considers how today's governments can design and implement industrial policy, and determine economically strategic sectors to break out of Low and Middle Income Traps. Closely linked to global trade and (im)balances, industrialization was never an accident. Industrialization explains how some countries experience export-led growth and others import-led slowdowns. Many confuse industrialization with the construction of factory buildings rather than a capacity and skill building process through certain stages. Industrial policy helps countries advance through those stages. Explaining technical concepts in understandable terms, the book discusses the capacity and limits of the developmental state in industrialization and in general in economic development, demonstrating how picking-the-winner type focused industrial policy has worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results. Murat A. Yülek is the Director of the Centre for Industrial Policy and Development at Istanbul Commerce University and has also taught at Georgetown University.--

The main purpose of industrial policy is to speed up the process of structural change towards higher productivity activities. This paper builds on our earlier writings to present an overall design for the conduct of industrial policy in a low- to middle-income country. It is stimulated by the specific problems faced by South Africa and by our discussions with business and government officials in that country. We present specific recommendations for the South African government in the penultimate section of the paper.