Using a strategy of export-led growth and an activist industrial policy, Japan, the Asian Tigers and more recently China have attained high rates of economic growth. Export-led growth has taken over the status as model for developing countries' economic development from the formerly prevailing...

Abstract This paper provides a critical analysis of the World Bank’s new thinking on industrial policy. After outlining the changing perspectives on industrial policy put forward by the World Bank over the last three decades, we argue that the bank’s economists have taken one step forward...

This paper describes the major instruments of industrial policy in Morocco since its independence (1956) and assesses them empirically. Regarding the second objective, several methods for assessing the impact of industrial policy exist in the economic literature. In this paper the question is...

Income distribution among social classes, a preferred topic by the classical economists, has not often been frequented by later scholars. Some recent studies show a new interest, and a generalized increase in income concentration in favor of the capitalist class, particularly in Latin America....

An extended reproduction model is used to simulate the effects of alternative poverty reduction strategies. Three policy variables are introduced: (de)indebtedness policy, investment policy and income distribution policy, contributing respectively to the objectives of policy sovereignty,...

This is a review of the recent book on industrial policy edited by Cimoli, Dosi, and Stiglitz.

This paper examines India’s development strategy, and to what extent it may be considered a success. It provides a brief history of why and how the strategy was adopted, as well as of its implementation, including the role of initial conditions, such as human capital, geographical location,...

This paper provides an integrated analysis of the role of the service sector in recent Indian economic development. It discusses the nature of services, their distinction from products, and their categorization. It provides an overview of India’s overall growth experience, and a detailed...

This paper provides a critical analysis of the World Bank’s new thinking on industrial policy. After outlining the changing perspectives on industrial policy put forward by the World Bank over the last three decades, we argue that the bank’s economists have taken one step forward (the...

The paper aims at investigating the dependency of the Russian economy on natural resources, underlining the causes and the possible consequences of this growth model. The analysis tries to evaluate if the Russian manufacturing has contracted the “Dutch Disease”, that is, if a boom in the oil...