000			01342nam a22001457a 4500
999			_c516262 _d516262
008			210222b ||||| |||| 00| 0 eng d
100			_aChang, Ha‐Joon and Andreoni, Antonio _924450
245			_aIndustrial policy in the 21st century
260			_aDevelopment and Change
300			_a51(2), Mar, 2020: p.324-351
520			_aIndustrial policy is back at the centre stage of policy debate, while the world is undergoing dramatic transformations. This article contributes to the debate by developing a new theory of industrial policy, incorporating some issues that have been neglected so far and taking into account the recent changes in economic reality. The authors explore how the incorporation of some of the neglected issues — commitments under uncertainty, learning in production, macroeconomic management (especially demand management), and conflict management — changes the theory. They then examine how the theory of industrial policy should be modified in light of recent changes in economic reality: the rise of the global value chain, financialization and new imperialism. This contribution aims at promoting a pragmatic approach to industrial policy and pointing to new areas for policy intervention in a changing world.- Reproduced
773			_aDevelopment and Change
906			_aINDUSTRIAL POLICY
942			_cAR