Global Green Shift
Oxford Handbook on Industrial Policy moves closer
As a contributor of the chapter on ‘Greening of industrial policy” I have just returned the proofs of my chapter to OUP. The Handbook (found here https://global.oup.com/academic/product/the-oxford-handbook-of-industrial-policy-9780198862420?cc=au&lang=en&) will run to a massive 912 pages, and is due to be published on 5 Oct 2020.
This is one of several OUP Handbook projects produced in collaboration with Dr Arkebe Oqubay, an Ethiopian scholar of extraordinary breadth, while also playing a role as a senior minister in the Ethiopian government, and architect of its industrial hubs strategy. The co-editors with Dr Oqubay are Dr Chris Cramer, Dr Ha-Joon Chang and Dr Richard Kozul-Wright.
The Abstract of my Chapter 10 on “Greening of industrial policy” reads as follows:
The scope of industrial policy is broadened in this chapter to encompass energy, materials, and finance. Given the unprecedented scale of the industrialization of India, China, and the late latecomers in Africa, Asia, and Latin America, the traditional options of fossil fuels, linear economy, and generic finance have been found wanting, for reasons of immediate environmental spoliation but also to do with countries running up against geopolitical limits. The greening of industrial policy presents itself as a solution, involving the shift to renewables, to a circular economy, and to the greening of finance (green bonds and green loans from development banks), encompassed under the rubric of green growth. The details of these new, green options are explored, and contrasted with traditional green industrial policy. The case is made that far from being a special case, the greening of industrial policy promises to become the core development strategy, and the general case in industrialization, as the twenty-first century unfolds.
Here is the book’s description:
Industrial policy has long been regarded as a strategy to encourage sector-, industry-, or economy-wide development by the state. It has been central to competitiveness, catching up, and structural change in both advanced and developing countries. It has also been one of the most contested perspectives, reflecting ideologically inflected debates and shifts in prevailing ideas. There has lately been a renewed interest in industrial policy in academic circles and international policy dialogues, prompted by the weak outcomes of policies pursued by many developing countries under the direction of the Washington Consensus (and its descendants), the slow economic recovery of many advanced economies after the 2008 global financial crisis, and mounting anxieties about the national consequences of globalization. The Oxford Handbook of Industrial Policy presents a comprehensive review of and a novel approach to the conceptual and theoretical foundations of industrial policy. The Handbook also presents analytical perspectives on how industrial policy connects to broader issues of development strategy, macro-economic policies, infrastructure development, human capital, and political economy. By combining historical and theoretical perspectives,and integrating conceptual issues with empirical evidence drawn from advanced, emerging, and developing countries, The Handbook offers valuable lessons and policy insights to policymakers, practitioners and researchers on developing productive transformation, technological capabilities, and international competitiveness. It addresses pressing issues including climate change, the gendered dimensions of industrial policy, global governance, and technical change. Written by leading international thinkers on the subject, the volume pulls together different perspectives and schools of thought from neo-classical to structuralist development economists to discuss and highlight the adaptation of industrial policy in an ever-changing socio-economic and political landscape.
The book has 30 chapters, allocated as follows.
Part I: Introduction 1:Introduction to Industrial Policy and Development, Arkebe Oqubay, Christopher Cramer, Ha-Joon Chang, and Richard Kozul-Wright 2:The Theory and Practice of Industrial Policy, Arkebe Oqubay Part II: Theoretical Perspectives 3:Industrial Policy, Macroeconomics, and Structural Change, José Antonio Ocampo 4:Industrial Policies, Patterns of Learning and Development: An Evolutionary Perspective, Mario Cimoli, Giovanni Dosi, and Xiaodan Yu 5:Neoclassical Economic Perspectives on Industrial Policy, John Weiss 6:Enterprises and Industrial Policy: Firm-based Perspectives, Simon Roberts 7:Radical Perspectives on Industrial Policy, Samantha Ashman, Susan Newman, and Fiona Tregenna Part III: Context and Connections 8:Global Value Chains and Regional Industrial Policy: The Case of ASEAN, Budi Akmal Djafar and William Milberg 9:Industrial Policy and Managing Trade Through Productive Integration, Richard Kozul-Wright and Piergiuseppe Fortunato 10:Greening Industrial Policy, John A. Mathews 11:Globalization Narratives and Industrial Policy, Daniel E. Esser and James H. Mittelman 12:Grand Challenges, Industrial Policy, and Public Value, Mariana Mazzucato and Rainer Kattel 13:The Political Economy of Development Banking, Jonathan Di John 14:The Shifting Terrain of the Industrial and Digital Industrial Policy, Antonio Andreoni 15:An Industrial Policy Framework to Advance a Global Green New Deal, Robert Pollin 16:Industrial Policy and Gender Inclusivity, Stephanie Seguino 17:Macro-Policy, Labour Markets, and Industrial Policy, Servaas Storm 18:Technical disruptions, GVC, and Industrial Policy, David Bailey and Lisa De Propris Part IV: Experiences in Advanced Economies 19:Industrial Policy: A Long Term Perspective and Overview of Theoretical Arguments, Erik S. Reinert 20:Post-war American Industrial Policy: How Dixie Won the Civil War, Michael H. Best 21:European Industrial Policy: A Comparative Perspective, Patrizio Bianchi and Sandrine Labory 22:The European Union's Industrial Policy, Michael A. Landesmann and Roman Stöllinger 23:Diverse Tools of Industrial Policy in Korea: A Schumpeterian and Capability-based View, Keun Lee Part V: Experiences in Emerging and Developing Countries 24:Industrial Policy and Industrialization in Southeast Asia, Rajah Rasiah 25:National Champions, Reforms, and Industrial Policy in China, Chen Li and Muyang Chen 26:Industrial Policies in the BRICS, Fernando Santiago Rodriguez 27:Successes and Failures of Industrial Policy in Transition Economies of Europe and Asia, Vladimir Popov 28:Latin American Industrial Policies: A Comparative Perspective, José Antonio Ocampo and Gabriel Porcile 29:Phases and Uneven Experiences in African Industrial Policy, Lindsay Whitfield and Nimrod Zalk 30:The Political Economy of Industrialization and Industrial Policy in Africa, 1960-2018, Horman Chitonge and Peter Lawrence Index
A memorable event was staged by Dr Oqubay in Addis Ababa in 2019 where all contributors were invited to participate and present their draft chapters.
OUP copyright rules prevent me from posting the proofs of my chapter, but they differ only slightly from the MSWord version I published on this blog in April 2019, at: https://www.globalgreenshift.org/post/greening-industrial-policy
Pre-orders for the Handbook may be made at the OUP Handbook website.