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 8: Industry 4.0+ challenges to local productive systems and place based integrated industrial policies

Marco Bellandi, Lisa De Propris and Enrica Santini

Abstract

This chapter assesses the transformation posed by Industry 4.0 technologies to local productive systems of small and medium-sized enterprises (SMEs). The expected transformation is multi-level in nature and can be explored considering four technological challenges related to renewed models of value creation and redistribution. Depending on whether and how opportunities are seized, and threats defeated, systems of SMEs may embark on new paths of manufacturing renaissance and socio-economic development. In this regard, the authors introduce some economic and institutional issues related to the opportunities and threats that need to be addressed to implement place-based integrated industrial policies working at the intersection between technological change and territories.

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