Author Description
This Volume Addresses The Issue Of State Intervention In Industry & Markets. It Provides A Comprehensive Critique Of The Policies Informed By The Washington Consensus. Building On This Critique, The Editors Bring Together Essays By Leading Experts In The Field Which Focus On Instances Of Successful Industrial Policies & Interventions.
Menrva's Summary
THE THESIS
This volume investigates the efficacy and necessity of state intervention in industrial sectors as a mechanism for fostering economic development. The editors, Giovanni Dosi, Joseph E. Stiglitz, and Mario Cimoli, leverage their extensive expertise in evolutionary economics and development theory to challenge the prevailing orthodoxy of the Washington Consensus. By synthesizing theoretical critiques with empirical evidence, the authors argue that strategic state involvement is often a prerequisite for structural transformation and long-term industrial growth.
THE SCOPE MAP
What You Will Find
- Theoretical frameworks contrasting market-led growth with state-directed industrial policy
- Comparative analyses of successful industrial interventions in various national contexts
- Critiques of neoliberal economic policies and their limitations in developing economies
Scope Limits
- Does not provide a universal blueprint for policy implementation across all economic systems
- Focuses primarily on macroeconomic and structural policy rather than micro-level firm management
THE AUTHORITY PERSPECTIVE
Experts recognize this collection as a significant contribution to the discourse on development economics, particularly for its rigorous challenge to standard market-fundamentalist views. Readers frequently note the academic density of the prose, making it a text best suited for scholars and policymakers familiar with advanced economic theory.
Page Count:
575
Publication Date:
1900-01-01
ISBN-10:
0191715611
ISBN-13:
9780191715617
Economics
Industrial Policy
Public Policy