Issues and Country Experiences
Edited by Jesus Felipe
Chapter 5: Industrial policy design and implementation challenges
The design of industrial policies depends on three interrelated issues. First, industrial policy can be designed to address very different economic and social objectives in different countries. However, clarity about objectives and priorities is important to avoid addressing contradictory objectives with the same policy. Second, the design of industrial policy depends on identifying the constraints and contracting failures that may be preventing the achievement of particular objectives. Third, appropriate policy design depends on initial institutional and political conditions, since all instruments may not be equally effective in different contexts, and success requires selecting instruments that are most likely to be effective in specific country contexts.
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