Heterodox Approaches to Industrial Policy and the Implications for Industrial Hubs

Christopher Cramer, Fiona Tregenna

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

6 Citations (Scopus)

Abstract

Industrial policy may be back in vogue, but with fundamental fissures remaining between different conceptions of industrial policy, there is no consensus. We emphasize this by focusing particularly on structuralist rationalizations for industrial policy. These give a special sector- or product-specific role to manufacturing as an engine of growth. While premature deindustrialization is widespread, it is not unavoidable. One factor widening the scope of industrial policy is the increasing breadth of productive activities that are industrial in nature. We draw out the implications, particularly of structuralist development economics, but also of the blurring of boundaries between sectors, for the gains from industrial hubs. Hubs can potentially deepen the growth-pulling role of manufacturing and cognate activities, thus contributing to industrialization and growth. This, however, requires policy that supports hubs to catalyse dynamic processes of structural change, rather than creating enclaves or merely leading to static gains.

Original languageEnglish
Title of host publicationThe Oxford Handbook of Industrial Hubs and Economic Development
PublisherOxford University Press
Pages40-63
Number of pages24
ISBN (Electronic)9780198850434
DOIs
Publication statusPublished - 1 Jan 2020

Keywords

  • Industrial hubs
  • Industrial policy
  • Industrial zones
  • Industrialization
  • Industrialization of freshness
  • Kaldor
  • Premature deindustrialization
  • Structuralism

ASJC Scopus subject areas

  • Economics, Econometrics and Finance (all)
  • General Business,Management and Accounting

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