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OverviewProductive transformation requires seizing the opportunities available and opening new ones in a competitive world. Rethinking Productive Development examines the market failures impeding transformation and the government failures that may make the policy remedies worse than the market illness. To address market failures, the authors propose a simple conceptual framework based on the scope and nature of the policy approach. They then systematically analyze country policies through this lens in key areas such as innovation, new firms, financing, human capital, and internationalization to show the power of this way of thinking. Still, the book warns that policymakers cannot be sure what the right policy interventions are and must set up a process to discover them that calls for public-private collaboration. Recognizing that the risk of capture needs to be checked and that even the best policies will fail without the technical, organizational, and political capacity to implement them, thebook concludes with ideas on how to design institutions fostering the right incentives and how to grow public sector capabilities over time. Full Product DetailsAuthor: Inter-American Development Bank , E. Stein , G. Crespi , Inter-American Development BankPublisher: Palgrave Macmillan Imprint: Palgrave Macmillan Dimensions: Width: 15.50cm , Height: 2.50cm , Length: 23.50cm Weight: 7.372kg ISBN: 9781137397164ISBN 10: 1137397160 Pages: 461 Publication Date: 04 September 2014 Audience: Professional and scholarly , Professional & Vocational Format: Paperback Publisher's Status: Active Availability: In Print  This item will be ordered in for you from one of our suppliers. Upon receipt, we will promptly dispatch it out to you. For in store availability, please contact us. Table of ContentsPART I: THE ROLE OF PRODUCTIVE DEVELOPMENT POLICIES 1. Rethinking Productive Development 2. A Conceptual Framework for Productive Development Policies PART II: SOUND POLICIES IN KEY AREAS OF APPLICATION 3. Investing in Ideas: Business Innovation Policies 4. The Start-Up and Scale-Up of High-Productivity Firms 5. Beyond the Classroom: Preparing People to Produce 6. Giving Credit to Productivity 7. All Together Now: Cluster-Based Policies 8. A World of Possibilities: Internationalization for Productive Development 9. Selecting Priority Sectors for Productive Transformation: An Elephant in the Room? PART III: INSTITUTIONS FOR SUCCESSFUL POLICIES 10. The Hard Part: Developing Public Sector Capabilities for Successful PDPs 11. Two to Tango: Public-Private Collaboration in Productive Development PolicyReviewsThe Washington Consensus-its name notwithstanding-was invented in Latin America. However, as this useful report shows, inadequate productivity growth since its adoption has forced the region's policymakers to reconsider whether the wholesale rejection of industrial policy was appropriate. The Inter-American Development Bank has long been at the forefront of this rethinking. The authors do a masterful job of not only surveying what is known about 'productive development policies,' but also laying out a policy agenda. Admirable in its analytical exposition, empirical detail, and policy discussion, this is a must-read for development economists and practitioners alike. - Dani Rodrik, Albert O. Hirschman Professor of Economics, Institute for Advanced Study, USA Once the commodities boom is over, Latin America will have to discover new sources of economic growth. Tired orthodoxies will not do the trick, but the fresh thinking contained in this volume just might. It explains what went wrong with industrial policies in the 1960s, and what countries have to do differently this time around. First-rate. Should be required reading for policymakers around the region. - Andres Velasco, Former Finance Minister, Chile This book is a must-read for policymakers and practitioners in the elusive world of effective industrial policies. A useful toolbox to think about a topic that is central to any government today. - Mauricio Cardenas, Minister of Finance and Public Credit, Colombia The Washington Consensus its name notwithstanding was invented in Latin America. However, as this useful report shows, inadequate productivity growth since its adoption has forced the region's policymakers to reconsider whether the wholesale rejection of industrial policy was appropriate. The Inter-American Development Bank has long been at the forefront of this rethinking. The authors do a masterful job of not only surveying what is known about 'productive development policies,' but also laying out a policy agenda. Admirable in its analytical exposition, empirical detail, and policy discussion, this is a must-read for development economists and practitioners alike. - Dani Rodrik, Albert O. Hirschman Professor of Economics, Institute for Advanced Study, USA Once the commodities boom is over, Latin America will have to discover new sources of economic growth. Tired orthodoxies will not do the trick, but the fresh thinking contained in this volume just might. It explains what went wrong with industrial policies in the 1960s, and what countries have to do differently this time around. First-rate. Should be required reading for policymakers around the region. - Andres Velasco, Former Finance Minister, Chile This book is a must-read for policymakers and practitioners in the elusive world of effective industrial policies. A useful toolbox to think about a topic that is central to any government today. - Mauricio Cardenas, Minister of Finance and Public Credit, Colombia Author InformationManuel Agosin Mariana Bassi Juan Blyde Gabriel Casaburi Jorge Cornick Gustavo Crespi Fernando De Olloqui Eduardo Fernández-Arias Alessandro Maffioli Christian Volpe Martincus Ugo Panizza Carlo Pietrobelli Alejandro Rasteletti Graciana Rucci Ernesto Stein Alberto Trejos Sergio Urzua Rodrigo Wagner Tab Content 6Author Website:Countries AvailableAll regions |
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