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Industrial Policy for Growth and Diversification: A Conceptual Framework
Reda Cherif
Fuad Hasanov
Mr. Nikola Spatafora
Rahul Giri
Dimitre Milkov
Mr. Saad N Quayyum
Mr. Gonzalo Salinas
Mr. Andrew M. Warner
出版
International Monetary Fund
, 2022-09-30
主題
Business & Economics / Exports & Imports
Business & Economics / Infrastructure
Business & Economics / Economics / Macroeconomics
Business & Economics / Taxation / General
Business & Economics / International / Economics & Trade
Political Science / Public Policy / Economic Policy
ISBN
9798400214271
URL
http://books.google.com.hk/books?id=lPuSEAAAQBAJ&hl=&source=gbs_api
EBook
SAMPLE
註釋
As countries strive for a strong recovery and to recoup the losses incurred during the COVID-19 pandemic, they need to map out a new path for development and high and sustained growth. Promoting diversification, developing new industrial capabilities, and designing the policies needed to achieve this goal should be a priority. A successful diversification strategy should tackle both broad policy failures, such as an unfavorable business environment and investment climate and sector-specific market failures. This departmental paper presents a conceptual framework to analyze industrial policy, defined as targeted sectoral interventions. The authors first discuss the key principles that should guide policymakers, that is, a focus on the market failures that could justify targeted sectoral interventions, as well as the potential government failures that can undermine these interventions. The authors then discuss some commonly employed policy tools, their rationale, and the associated pitfalls. Finally, the authors outline a stylized decision-making framework.