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Industry-specific strategies in a protectionist world

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Intereconomics

Abstract

The period from 1950 to 1974 was one of exceptional economic progress, particularly in manufacturing. This article examines how some of these developments have altered the objectives and methods of formulating industrial policy in western countries. Following a brief discussion of sector-wide policies and strategies, evidence from two industries—steel and advanced electronics—is used to illustrate the growing range of strategic choices and the interaction between public policy-makers and private industry. Finally, some generalizations with regard to industry-specific strategies are presented.

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References

  1. Cf. R. Ballance and S. Sinclair: Collapse and Survival: Industry Strategies in a Changing World, London 1983.

  2. The UK performed this function prior to the 1930s (cf. C. P. Kindleberger: The World in Depression, 1929–39, Berkeley 1973). A similar role was played by the US until the mid 1970s when a vacuum in international leadership emerged (cf. OECD: Interfutures, Facing the Future: Mastering the Probable and Managing the Unpredictable, Paris 1979).

  3. Cf. W. Cline: Reciprocity: A New Approach to World Trade Policy, Institute for International Economics, Washington D.C., 1982.

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  4. Cf. The Economist, 12 April, 1980.

  5. Cf. OECD, op. cit. (cf. OECD: Interfutures, Facing the Future: Mastering the Probable and Managing the Unpredictable, Paris 1979)., p. 369.

  6. Cf. H. Mueller and H. van der Ven: Perils in the Brussels-Washington Steel Pack, in: The World Economy, Vol. 5, 1982, p. 263.

  7. Cf. K. Kawahito: Japanese Steel in the American Market: Conflict and Causes, in: The World Economy, Vol. 4, 1981, p. 248.

  8. Cf. Far Eastern Economic Review, 17 November, 1983.

  9. cf. R. Reich: Making Industrial Policy, in: Foreign Affairs, Spring 1982, pp. 851–81).

  10. R. Ballance and S. Sinclair, op. cit., Collapse and Survival: Industry Strategies in a Changing World, London 1983. p. 122.

  11. Cf. Institute of Developing Economics: The Electronics Industry in Japan, Tokyo 1980.

  12. Cf. G. Ohlin: Subsidies and Other Industrial Aids, in: S. Warnecke (ed.): International Trade and Industrial Policies, London 1978, p. 320.

  13. Cf. Far Eastern Economic Review, 4 December, 1981.

  14. Cf. The Economist, 10 March, 1984.

  15. Cf. Business Week, 1 October, 1982.

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Authors and Affiliations

  1. UNIDO, Vienna

    Robert Ballance

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  1. Robert Ballance
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The views expressed in this paper are those of the author and are not necessarily those of the organization with which he is affiliated.

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Ballance, R. Industry-specific strategies in a protectionist world. Intereconomics 20, 275–283 (1985). https://doi.org/10.1007/BF02925468

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  • DOI: https://doi.org/10.1007/BF02925468

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