Description: Manufacturing, Trade, Industrial Policy, and Economic Development
MANUFACTURING, TRADE, INDUSTRIAL POLICY & ECONOMIC DEVELOPMENT
Why are some nations rich and others poor? This is a question that has challenged economists for centuries. A definite answer would satisfy a lot of them—and make poor nations rich. Murat Yulek’s answer to that question is manufacturing and industrial policy. With the help of pertinent case studies, both historical and contemporaneous, How Nations Succeed lucidly demonstrates how manufacturing made economies flourish and why it is vital for economic development. The cases span the globe including the develo
Industrialization was never an accident but an outcome of a well- crafted industrial policy. Analyzing the capacity and limits of the (developmental) state in the industrialization process and in economic development in general, the book sheds light on how today’s governments can design industrial policy and how they can identify strategic sectors to break out of Low and Middle Income Traps. The capacities of the state and the industrial layer (industrial firms and entrepreneurs, industrial labour and manag