Premium
Reducing Complexity in the Industrial Policy Debate
Author(s) -
Schmitz Hubert
Publication year - 2007
Publication title -
development policy review
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.671
H-Index - 61
eISSN - 1467-7679
pISSN - 0950-6764
DOI - 10.1111/j.1467-7679.2007.00378.x
Subject(s) - framing (construction) , constellation , common ground , industrial policy , task (project management) , economic system , economics , business , political science , industrial organization , computer science , management science , sociology , international trade , engineering , management , physics , structural engineering , communication , astronomy
A central concern of industrial policy is how to configure the relationship with the global economy. The manifold choices and pressures make this a difficult task for policy‐makers. This article suggests a way of framing discussions between policy‐makers, advisers and researchers, to help reduce complexity and find common ground. It demonstrates how different constellations of low/high challenge and support bring out the essence of different policy regimes, and how different constellations of narrow/wide technology and marketing gaps help identify the most plausible way forward.