The Role of Industrial Policy: Lessons from Asia

Main author: Khan, Mushtaq
Format: Book Chapters           
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id eprints-19849
recordtype eprints
institution SOAS, University of London
collection SOAS Research Online
language English
language_search English
description This chapter draws comparative lessons from the success and failures of industrial policy in Asia in the development of organizational and technological capabilities. The chapter points out that, while the UK still retains a lead over many emerging (Asian) economies in the organization of innovation, de-industrialization has weakened the UK’s ability to exploit the tacit knowledge embedded in the organizational routines of manufacturing firms. As a result, the UK has fallen behind in terms of its capacity to regain a broad base of competitive firms, raising the risk that successful innovation strategies will be accompanied by the offshoring of manufacturing elsewhere. In trying to re-acquire firm-level competitive capabilities, the chapter documents there is much the UK can learn from the rapid industrialization of Asian economies, particularly with regard to identifying and addressing constraints utilizing appropriate policy instruments within specific local, political, and institutional contexts.
author_additional Bailey, David
author_additionalStr Bailey, David
format Book Chapters
author Khan, Mushtaq
author_facet Khan, Mushtaq
authorStr Khan, Mushtaq
author_letter Khan, Mushtaq
title The Role of Industrial Policy: Lessons from Asia
publisher Oxford University Press
publishDate 2015
url https://eprints.soas.ac.uk/19849/