The Oxford Handbook of Industrial Policy

Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization.

The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives, and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change.

Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.

Arkebe Oqubay, Senior Minister and Special Adviser to the Prime Minister of Ethiopia, Ethiopian Government,Christopher Cramer, Professor of the Political Economy of Development, SOAS, University of London,Ha-Joon Chang, Reader in economics, University of Cambridge, UK,Richard Kozul-Wright, Director of the Globalisation and Development Strategies Division, UNCTAD

Arkebe Oqubay is a Senior Minister and Special Adviser to the Prime Minister of Ethiopia and has been at the centre of policymaking for over twenty-five years. He is a research associate at the Centre of African Studies in the University of London, and holds a PhD in development studies from SOAS, University of London. He is the former mayor of Addis Ababa and winner of the ABN Best African Mayor of 2006, and finalist for the World Mayor Award 2006. He is a recipient of the Order of the Rising Sun, Gold and Silver Star and serves as board chair of several leading public organizations and international advisory boards. His work includes Made in Africa: Industrial Policy in Ethiopia (OUP, 2015); African Economic Development: Evidence, Theory, and Policy (OUP, 2019); and China-Africa and an Economic Transformation (2019, OUP). He was recognized as one of the 100 Most Influential Africans of 2016, and a 'leading thinker on Africa's strategic development' by the New African.

Christopher Cramer is Professor of the Political Economy of Development at SOAS, University of London. He is a vice-chair of the Royal Africa Society and Chair of the Scientific Committee of the African Programme on Rethinking Development Economics (APORDE). His publications include Civil War is Not a Stupid Thing: Accounting for Violence in Developing Countries (2006), African Economic Development: Evidence, Theory, and Policy (with Sender and Oqubay, OUP, 2020) and The Oxford Handbook of the Ethiopian Economy (2019, co-edited with Cheru and Oqubay). He led the research project Fairtrade, Employment, and Poverty Reduction in Ethiopia and Uganda.

Ha-Joon Chang (PhD) is reader in economics at the University of Cambridge. His main books include Kicking away the Ladder, Bad Samaritans, 23 Things They Don't Tell You about Capitalism, and Economics: The User's Guide. By 2018, his writing will have been translated into forty-one languages in forty-four countries. Worldwide, his books have sold around 2 million copies. He is the winner of the 2003 Gunnar Myrdal Prize and the 2005 Wassily Leontief Prize.

Richard Kozul-Wright (PhD) is Director of the Globalisation and Development Strategies Division in UNCTAD. He has worked at the United Nations in both New York and Geneva. Dr Kozul-Wright is the author of many books, including The Rise and Fall of Global Microcredit: Development, Debt and Disillusion (2018, with S. Blankenburg and M. Bateman), Securing Peace: State-Building and Economic Development in Post-Conflict Countries (2011, with P. Fortunato), Climate Protection and Development (2012, with Frank Ackerman) and The Resistible Rise of Market Fundamentalism (2008, with Paul Rayment). He is a frequent contributor to newspapers worldwide on economic issues, including The Financial Times, The Guardian, and Project Syndicate.

Part I: Introduction
1. Introduction to Industrial Policy and Development, Arkebe Oqubay, Christopher Cramer, Ha-Joon Chang, and Richard Kozul-Wright
2. The Theory and Practice of Industrial Policy, Arkebe Oqubay
Part II: Theoretical Perspectives
3. Industrial Policy, Macroeconomics, and Structural Change, Jos? Antonio Ocampo
4. Industrial Policies, Patterns of Learning and Development: An Evolutionary Perspective, Mario Cimoli, Giovanni Dosi, and Xiaodan Yu
5. Neoclassical Economic Perspectives on Industrial Policy, John Weiss
6. Enterprises and Industrial Policy: Firm-based Perspectives, Simon Roberts
7. Radical Perspectives on Industrial Policy, Samantha Ashman, Susan Newman, and Fiona Tregenna
Part III: Context and Connections
8. Global Value Chains and Regional Industrial Policy: The Case of ASEAN, Budi Akmal Djafar and William Milberg
9. Industrial Policy and Managing Trade Through Productive Integration, Richard Kozul-Wright and Piergiuseppe Fortunato
10. Greening Industrial Policy, John A. Mathews
11. Globalization Narratives and Industrial Policy, Daniel E. Esser and James H. Mittelman
12. Grand Challenges, Industrial Policy, and Public Value, Mariana Mazzucato and Rainer Kattel
13. The Political Economy of Development Banking, Jonathan Di John
14. The Shifting Terrain of the Industrial and Digital Industrial Policy, Antonio Andreoni
15. An Industrial Policy Framework to Advance a Global Green New Deal, Robert Pollin
16. Industrial Policy and Gender Inclusivity, Stephanie Seguino
17. Macro-Policy, Labour Markets, and Industrial Policy, Servaas Storm
18. Technical disruptions, GVC, and Industrial Policy, David Bailey and Lisa De Propris
Part IV: Experiences in Advanced Economies
19. Industrial Policy: A Long Term Perspective and Overview of Theoretical Arguments, Erik S. Reinert
20. Post-war American Industrial Policy: How Dixie Won the Civil War, Michael H. Best
21. European Industrial Policy: A Comparative Perspective, Patrizio Bianchi and Sandrine Labory
22. The European Union's Industrial Policy, Michael A. Landesmann and Roman St?llinger
23. Diverse Tools of Industrial Policy in Korea: A Schumpeterian and Capability-based View, Keun Lee
Part V: Experiences in Emerging and Developing Countries
24. Industrial Policy and Industrialization in Southeast Asia, Rajah Rasiah
25. National Champions, Reforms, and Industrial Policy in China, Chen Li and Muyang Chen
26. Industrial Policies in the BRICS, Fernando Santiago Rodriguez
27. Successes and Failures of Industrial Policy in Transition Economies of Europe and Asia, Vladimir Popov
28. Latin American Industrial Policies: A Comparative Perspective, Jos? Antonio Ocampo and Gabriel Porcile
29. Phases and Uneven Experiences in African Industrial Policy, Lindsay Whitfield and Nimrod Zalk
30. The Political Economy of Industrialization and Industrial Policy in Africa, 1960-2018, Horman Chitonge and Peter Lawrence
Index