Transforming Industrial Policy for the Digital Age
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Transforming Industrial Policy for the Digital Age

Production, Territories and Structural Change

Edited by Patrizio Bianchi, Clemente R. Durán and Sandrine Labory

This book argues that digital globalization is inducing deep and productive transformations, making industrial policy necessary in order to reorientate development towards inclusive and more sustainable growth. The book also demonstrates that industrialization remains an important development process for emerging countries. Regarding the future of jobs, the authors show how the substitution of labour in automation is not inevitable since technology is also complementary to human capital. Policymakers should pay more attention to the new skills that will be required. A particular concern is is the rapid change in technology and business compared to institutions which take time to adapt. Territories have an important role to play in order to speed-up institutional adaptation, providing they can act coherently with the other levels of government.
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Chapter 7: The future of industrial policies in the world: towards a new manufacturing narrative

Clemente Ruiz Durán

Abstract

This chapter argues that industrial policy in these times of deep structural changes has to become sustainable, in the sense of contributing to the resolution of global societal challenges. These “megatrends” are in fact linked to the ongoing deep transformations and have to be taken into account in a comprehensive vision in order for socio-economic development to become sustainable. The sustainability is here intended as both socio-political (guaranteeing rights of people: namely, access to a decent life, to education, and so on) and environmental. For this purpose, important institutional changes will be required.

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