Is Industrial Policy Still Applicable Today under Globalisation?
An Analysis of the Main Issues in Developing Countries
- https://doi.org/10.2991/aebmr.k.220307.389How to use a DOI?
- Industrial Policy; Globalisation; Effectiveness; Developing countries
Although some countries or regions in East Asia achieved rapid economic development through the use of industrial policies after the Second World War, other countries or regions followed rarely succeeded. The effectiveness of industrial policy has become an important topic in academic research, but the debate is more than consensus. Starting from the background and definition of industrial policy, this paper summarises and comments on the theoretical views on the “effectiveness” and “ineffectiveness” of industrial policy, and summarises the experience of some developing countries. This paper holds that the focus of future research should shift from “industrial policy effectiveness” to “boundaries of industrial policy effectiveness”, not only to study whether industrial policy is effective, but also to study the conditions for the effectiveness of industrial policy.
- © 2022 The Authors. Published by Atlantis Press International B.V.
- Open Access
- This is an open access article under the CC BY-NC license.
Cite this article
TY - CONF AU - Xianni Ding PY - 2022 DA - 2022/03/26 TI - Is Industrial Policy Still Applicable Today under Globalisation? BT - Proceedings of the 2022 7th International Conference on Financial Innovation and Economic Development (ICFIED 2022) PB - Atlantis Press SP - 2380 EP - 2383 SN - 2352-5428 UR - https://doi.org/10.2991/aebmr.k.220307.389 DO - https://doi.org/10.2991/aebmr.k.220307.389 ID - Ding2022 ER -