CIAO DATE: 04/2013
February 2013
New challenges and emerging paradigms have turned industrialization and industrial policy into one of the most hotly debated and interesting issues of the early twenty- first century. Both the role of manufacturing in economic development and the contributions of industrial policy are con - tested. In this Policy Brief we argue that the economic development of emerging economies still requires a type of industrialization that can deliver high-quality employment, that is aligned with the inter - national division of labour, and that would not lead to autarky, or a reversal of global gains in establishing openness in trade. Industrial policy can make valuable con - tributions in this regard if the lessons of the past and the challenges of the future are sufficiently taken into consideration
Resource link: Industrial Policy for Development [PDF]