Seizing the Future
Chapter 5: Industrial Policies as Long-term Strategies: Some Examples
INTRODUCTION In this chapter, we wish to illustrate our industrial policy framework using a few examples. These examples show the necessary coherence between the main pillars of the sundial we drew in the last chapter, but are not used to identify a single optimal path. In fact, it is important to stress that there is no single path to long-term, sustainable industrial development but a number of different possible routes from which a preferred one can be chosen. We suggest that this choice can be helped by the sundial which shows the requirement for coherence if development is to be sustainable and contribute to civil as well as economic development. The sundial has four axes – entitlements, provisions, innovation and territory – that are not substitutes but complementary in contributing to industrial development. Authorities at all levels can choose to favour one or more axes, but sustainability in the competitive context of the twenty-first century requires that all axes be considered in one way or the other. The vertical fifth axis represents the coherence of industrial development policy. This is twofold: first, coherence between the different actions in the different fields, namely macro and micro, and social and economic, must be ensured; second, coherence between the levels of implementation, namely regional, national and supra-national must also be ensured. This is a holistic approach to industrial policy, whereby the policymaker takes a broad view, trying to represent the whole system in which the particular policy issue is part, in order to identify and...
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