The last two decades have been a period of structural change in industrialized countries. The extent of this restructuring process has been different across countries and industries, though. In this paper we investigate the effect of lagging behind in the process of downsizing and...

This chapter explores the factors behind the apparent superior performance of green industrial policy (GIP) in developmental states (exemplified by China), as compared with the inefficiencies of GIP in developed countries (exemplified by the USA). The specific context is the overwhelming export...

This paper aims to redefine the term competitiveness to enhance its usefulness for the evaluation of country performance and for policy conclusions. We attempt to establish a definition that is adequate if economic policy strives for a new growth path that is more dynamic, socially inclusive and...

We show empirical evidence that there may not be a tradeoff between market income inequality and high sustained growth, which is key for poverty alleviation. We argue that the economies that achieved high sustained growth and low market income inequality are characterized by dynamism-a drive...