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Oxford Handbook of Industrial Policy

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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.

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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.