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Transforming Industrial Policy for the Digital Age

Production, Territories and Structural Change Edited by Patrizio Bianchi, Department of Economics and Management, University of Ferrara, Italy, Clemente Ruiz Durán, Faculty of Economics, National Autonomous University of Mexico and Sandrine Labory, Department of Economics and Management, University of Ferrara, Italy
This book argues that digital globalization is inducing deep and productive transformations, making industrial policy necessary in order to reorientate development towards inclusive and more sustainable growth. The book also demonstrates that industrialization remains an important development process for emerging countries. Regarding the future of jobs, the authors show how the substitution of labour in automation is not inevitable since technology is also complementary to human capital. Policymakers should pay more attention to the new skills that will be required. A particular concern is is the rapid change in technology and business compared to institutions which take time to adapt. Territories have an important role to play in order to speed-up institutional adaptation, providing they can act coherently with the other levels of government.
Extent: 256 pp
Hardback Price: $135.00 Web: $121.50
Publication Date: 2019
ISBN: 978 1 78897 614 5
Availability: In Stock
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  • Economics and Finance
  • Industrial Economics
  • Regional Economics
  • Innovation and Technology
  • Technology and ICT
  • Urban and Regional Studies
  • Regional Economics
Transforming Industrial Policy for the Digital Age argues that digital globalization is inducing deep and productive transformations, making industrial policy necessary in order to reorientate development towards inclusive and more sustainable growth. It demonstrates that industrialization remains an important development process for emerging economies.

Featuring contributions by leading scholars, this timely book unpacks the dynamics of ‘Industry 4.0’, including computer-based algorithms, integration with cloud computing, and the Internet of Things. As existing global value chains take advantage of the new technologies to reorganize production, the contributors explore the implications of new industrial policies, and to what extent they have promoted structural changes that maintain sustainability. This book reflects on the lessons that can be drawn from the history of national industrial policies from across the globe, covering the successes and failures of national policy in promoting industry in response to productive transformations in industrial organization.

Insightful and nuanced, this book will benefit scholars of both economics and industrial public policy. International experts and policy-makers will also appreciate this book’s critical insight into the transformative shifts in global industrial organization and policies.
Contributors: E. Barbieri, M. Bellandi, P. Bianchi, L. Brun, H.-J. Chang, L. de Propris, M.R. Di Tommaso, A. Ferrannini, G. Gereffi, J. Hauge, S. Labory, J. Lee, K. Lee, J. Máttar, M.J. Piore, C. Pollio, L. Rubini, C. Ruiz Durán, E. Santini, M. Tassinari, J. Zhan

Contents:

PART I IMPACT OF INDUSTRY 4.0 ON MANUFACTURING
1. The role of manufacturing versus that services in economic development
Jostein Hauge and Ha-Joon Chang

2. The “Lightness” of Industry 4.0 Lead Firms: Implications for global value chains
Lukas Brun, Gary Gereffi and James Zhan

3. The National Innovation System (NIS) and readiness for the fourth industrial revolution: South Korea compared with four European countries
Keun Lee and Jongho Lee

PART II LESSONS FROM PAST INDUSTRIAL POLICY
4. Industry and government in the long-run: The true story of the American model
Marco R. Di Tommaso, Mattia Tassinari and Andrea Ferrannini

5. Chinese Industrialization, Planning, and Policies: Local Growth and Global Equilibria
Marco R. Di Tommaso, Chiara Pollio, Elisa Barbieri and Lauretta Rubini

6. Long-term challenges of industrial development in Latin America and the Caribbean
Jorge Máttar

7. The Future of Industrial Policies in the World: towards a new manufacturing narrative
Clemente Ruiz Durán

PART III UNEVEN DEVELOPMENT IN TIMES OF INDUSTRIAL REVOLUTION AND NEED FOR TERRITORIAL INDUSTRIAL POLICY
8. Industry 4.0+ challenges to local productive systems and place-based integrated industrial policies
Marco Bellandi, Lisa de Propris and Enrica Santini

9. Economic Policy in the Time of Reactionary Populism
Michael J. Piore

Index