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Industrial Policy

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The Palgrave Encyclopedia of Strategic Management

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Abstract

Scholars have long treated industrial policies as temporary expedients that help developing economies to catch up with rivals. A growing body of research suggests that public policy interventions targeting particular industries play important but very different roles across developed economies. Industrial policies can substitute for market coordination, can supplement capitalization by private investors and can be used to jump-start infant industries. Understanding the variety of industrial policies, and their roles in modern economies with different systems of government coordination, private initiative, research and development, labour cooperation and training will be increasingly important for strategic management scholars.

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Author information

Authors and Affiliations

  1. Korea University, Seoul, Republic of Korea

    Soohan Kim

  2. Harvard University, Cambridge, USA

    Frank Dobbin

Authors
  1. Soohan Kim
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  2. Frank Dobbin
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Correspondence to Soohan Kim .

Editor information

Editors and Affiliations

  1. Stanford University , Stanford, California, USA

    Mie Augier

  2. Tusher Ctr Intellectual Capital, University of California Tusher Ctr Intellectual Capital, Berkeley, California, USA

    David J. Teece

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© 2016 The Author(s)

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Kim, S., Dobbin, F. (2016). Industrial Policy. In: Augier, M., Teece, D. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-94848-2_583-1

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  • DOI: https://doi.org/10.1057/978-1-349-94848-2_583-1

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  • Publisher Name: Palgrave Macmillan, London

  • Online ISBN: 978-1-349-94848-2

  • eBook Packages: Springer Reference Business and ManagementReference Module Humanities and Social SciencesReference Module Business, Economics and Social Sciences

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