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Well-designed industrial policies can improve a nation's economic performance. Using a range of tools, such as subsidies, tax incentives, infrastructure development, protective regulations, and R&D support, governments are able to support specific industries or economic activities.Steve Coulter examines the patterns of industrial policymaking across late capitalist societies. Drawing on case studies from a range of countries, each with different growth models, national capabilities, policy traditions, and political/welfare state regimes, he is able to offer a nuanced comparative assessment of states' responses to specific economic challenges. The book draws broad conclusions about the trajectories of industrial policy and highlights key technical and political drivers that policymakers consider when addressing whether best practice should centre on general or nationally-specific approaches. The book also focuses on fresh challenges and opportunities for industrial policy and questions the sustainability of current policy practice.

German imperial expansion, begun under Bismarck, swiftly unfolded with the aid of industrial technology along lines that adapted it ideally for the organization, not of a national state, but of a continent or even the world. In this fact lies a major contrast between the neo-mercantilism which followed 1879 and the cameralism borrowed from the Burgundians by the German princes in the sixteenth century. The system extolled by Becher was designed to meet the power needs of dwarf states perpetually torn, by a mule-and-the-two-haystacks dilemma, between the fractioning particularism of the lay princes on the one hand, and the centrifugal pull of a meaningless imperial universalism on the other. The 'new age' for which, as Schulze- Gavaernitz once remarked, Bismarck played the role of 'obstetrician,' employed a machinery for internal unification that fitted the national—in particular the German—state almost as badly as it did the political fractions of which it was compounded.

Industrial Policy in Britain provides an introduction to, and assessment of, the theory and practice of industrial policy and government-industry relations since 1945. It ranges widely covering all the key industrial sectors - including agriculture and services as well as energy and manufacturing - at local, national and European level

The theoretical case for industrial policy is a strong one. The market failures that industrial policies target in markets for credit, labor, products, and knowledge have long been at the core of what development economists study. The conventional case against industrial policy rests on practical difficulties with its implementation. Even though the issues could in principle be settled by empirical evidence, the evidence to date remains uninformative. Moreover, the conceptual difficulties involved in statistical inference in this area are so great that it is hard to see how statistical evidence could ever yield a convincing verdict. A review of industrial policy in three non-Asian settings El Salvador, Uruguay, and South Africa highlights the extensive amount of industrial policy that is already being carried out and frames the need for industrial policy in the specific circumstances of individual countries. The traditional informational and bureaucratic constraints on the exercise of industrial policy are not givens; they can be molded and rendered less binding through appropriate institutional design. Three key design attributes that industrial policy must possess are embeddedness, carrots-and-sticks, and accountability.