Introduction: politicians and the politics on economics -- Hamilton: the economic founding father -- Peel: free trade -- Bismarck: the economics of 'Iron and blood' -- Lenin: from war communism to state capitalism -- Roosevelt: the Keynesian revolution without Keynes -- Erhard: the social market...

We explore the potential roles of industrial policy in the transition from middle-income to high-income status, and the actual experience of industrial policy in emerging economies. Guided by the conceptual framework of the neo-Schumpeterian approach, we look at industrial policy in the context...