Issues and Country Experiences
Edited by Jesus Felipe
Chapter 3: Issues in modern industrial policy (II): human capital and innovation, and monitoring and evaluation
This chapter looks at the two remaining issues in the design and implementation of modern industrial policy—how can innovation, technology and human capital development be fostered? And, what are the most appropriate monitoring and evaluation mechanisms? We start with a discussion of the role of education promoting economic diversification, a key aspect of industrial policy. We then look at how innovation and human capital development strategies, like most aspects of industrial policy, change depending on the stage of development. Case studies from the Republic of Korea, Malaysia and the United States (US) examine the implications for innovation and human capital development policies.
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