Industrial policy in context: Building blocks for an integrated and comparative political economy agenda

Andreoni, Antonio; Chang, Ha‐Joon; Scazzieri, Roberto

doi:10.1016/j.strueco.2018.11.003

Cited by 21 publications

(11 citation statements)

References 20 publications

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“…For recent contributions see also Andreoni (2016); Cherif and Hasanov (2019); Mazzucato (2013); Salazar-Xirinachs et al (2014); Stiglitz and Lin (2013); Wade (2018). Five recent journal issues covering frontier themes in industrial policy are: Andreoni et al (2019b); Foray et al (2012); Kattel and Mazzucato (2018); Pianta and Zanfei (2016); Storm (2017).…”

Section: Introductionmentioning

confidence: 99%

Industrial Policy in the 21st Century

Chang¹,

Andreoni²

2020

Development and Change

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205

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Industrial policy is back at the centre stage of policy debate, while the world is undergoing dramatic transformations. This article contributes to the debate by developing a new theory of industrial policy, incorporating some issues that have been neglected so far and taking into account the recent changes in economic reality. The authors explore how the incorporation of some of the neglected issues — commitments under uncertainty, learning in production, macroeconomic management (especially demand management), and conflict management — changes the theory. They then examine how the theory of industrial policy should be modified in light of recent changes in economic reality: the rise of the global value chain, financialization and new imperialism. This contribution aims at promoting a pragmatic approach to industrial policy and pointing to new areas for policy intervention in a changing world.

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Section: Introductionmentioning

confidence: 99%

Industrial Policy in the 21st Century

Chang¹,

Andreoni²

2020

Development and Change

Self Cite

205

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“…Therefore, greater consideration to the structural political economy approach ( Cardinale, 2018 ) and the dynamics of decision-making processes shaping industrial policy should be paid in each context ( Andreoni et al, 2019 ).…”

Section: The Theoretical Pillars For a New Integrated Frameworkmentioning

confidence: 99%

“…Firstly, industrial production systems should be conceived as multi-layered arrangement of interdependencies among a plurality of networked productive units, organisations and institutions, which shape and lead the structural process of production transformation ( Andreoni et al, 2019 , Landesmann and Scazzieri, 2012a , Landesmann and Scazzieri, 2012b ). This means that – as Simon (1991) notices – production organisations, not markets exchanges, are the main structures in which people (i.e.…”

Section: The Theoretical Pillars For a New Integrated Frameworkmentioning

confidence: 99%

“…This means that – as Simon (1991) notices – production organisations, not markets exchanges, are the main structures in which people (i.e. the polity and the society) are embedded and, therefore, that the governance of these organisations and systems are critical in guaranteeing their reproduction, inclusiveness, and sustainability ( Andreoni et al, 2019 ). 21…”

Section: The Theoretical Pillars For a New Integrated Frameworkmentioning

confidence: 99%

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Industrial policy for sustainable human development in the post-Covid19 era

et al. 2021

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Highlights The pandemic urges us to advancing a new and different framing on industrial policy. Industrial policy plays a key role to tackle dramatic societal challenges. We have reached a turning point on industrial policy, sustainability and development. We need a new analytical framework on industrial policy governance and implementation. Industrial policy in a post-Covid19 era should foster sustainable human development.

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“…The powerful influence of regional context creates particular challenges for designing place-based industrial policy at the regional level, the topic of this paper. Attempts to intervene at the regional level—defined based on boundaries of political and administrative control—in economic development policy are growing, and the notion of openly targeting sectors or technologies is coming back into political vogue in both the United States and Europe (Andreoni et al., 2019; Block, 2008; Chang and Andreoni, 2020; Di Tommaso, 2020; Di Tommaso and Schweitzer, 2013; Di Tommaso et al., 2019, 2020a, 2020b; Stiglitz et al., 2013). As increasing disparities among regions threaten political, social, and economic stability, countries see place-based policies as critical to lift up regional economies (Iammarino et al., 2019; Rodríguez-Pose, 2018).…”

Section: Introductionmentioning

confidence: 99%

Who will win the electric vehicle race? The role of place-based assets and policy

Turner

Tommaso²,

Pollio

et al. 2020

Local Economy: The Journal of the Local Economy Policy Unit

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Regional economies are shaped by their economic histories and existing endowments. This paper explores the question: how do a region’s economic history and institutional endowments affect its success and trajectory in an emerging industry? Our case, electric vehicle development and production, is an industry which combines more traditional skilled manufacturing with knowledge-driven innovation activities. We present deep qualitative case studies of two regions, focusing on one firm in each. The case of Tesla in the San Francisco Bay Area examines an electric vehicle firm in a region with a strong tech innovation system, while the case of Maserati in Emilia-Romagna, Italy, examines a firm that builds on a regional history of automotive manufacturing. Across cases, we compare regional skill endowments, institutional coordination, and place-based policymaking. We conclude that, as an emerging industry under a new economic paradigm, electric vehicle manufacturing by Tesla and Maserati represents two different conceptions of the industry and consequently two different location strategies. Yet these two strategies remain rooted in regional contexts, owing both their success to successful exploitations of these, and their struggles to their failure to compensate for regional gaps. This presents a clear opportunity for place-based industrial strategy to evolve and intervene.

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Industrial policy in context: Building blocks for an integrated and comparative political economy agenda

Cited by 21 publications

References 20 publications

Industrial Policy in the 21st Century

Industrial Policy in the 21st Century

Industrial policy for sustainable human development in the post-Covid19 era

Who will win the electric vehicle race? The role of place-based assets and policy

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