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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Kim, S., Dobbin, F. (2018). Industrial Policy. In: Augier, M., Teece, D.J. (eds) The Palgrave Encyclopedia of Strategic Management. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-00772-8_583
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DOI: https://doi.org/10.1057/978-1-137-00772-8_583
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