How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development

Business & Finance, Management & Leadership, Industrial Management, Economics, Economic History
Cover of the book How Nations Succeed: Manufacturing, Trade, Industrial Policy, and Economic Development by Murat A. Yülek, Springer Singapore
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Author: Murat A. Yülek ISBN: 9789811305689
Publisher: Springer Singapore Publication: August 2, 2018
Imprint: Palgrave Macmillan Language: English
Author: Murat A. Yülek
ISBN: 9789811305689
Publisher: Springer Singapore
Publication: August 2, 2018
Imprint: Palgrave Macmillan
Language: English

This book assesses developmental experience in different countries as well as British expansion following the industrial revolution from a developmental perspective. It explains why some nations are rich and others are poor, and discusses how manufacturing made economies flourish and spur economic development. It explains how today’s governments can design and implement industrial policy, and how they can determine economically strategic sectors to break out of Low and Middle Income Traps.

Closely linked to global trade and (im)balances, industrialization was never an accident. Industrialization explains how some countries experience export-led growth and others import-led slowdowns. Many confuse industrialization with the construction of factory buildings rather than a capacity and skill building process through certain stages. Industrial policy helps countries advance through those stages.

Explaining technical concepts in understandable terms, the book discusses the capacity and limits of the developmental state in industrialization and in general in economic development, demonstrating how picking-the-winner type focused industrial policy has worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results.

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

This book assesses developmental experience in different countries as well as British expansion following the industrial revolution from a developmental perspective. It explains why some nations are rich and others are poor, and discusses how manufacturing made economies flourish and spur economic development. It explains how today’s governments can design and implement industrial policy, and how they can determine economically strategic sectors to break out of Low and Middle Income Traps.

Closely linked to global trade and (im)balances, industrialization was never an accident. Industrialization explains how some countries experience export-led growth and others import-led slowdowns. Many confuse industrialization with the construction of factory buildings rather than a capacity and skill building process through certain stages. Industrial policy helps countries advance through those stages.

Explaining technical concepts in understandable terms, the book discusses the capacity and limits of the developmental state in industrialization and in general in economic development, demonstrating how picking-the-winner type focused industrial policy has worked in different countries. It also discusses how industrial policy and science, technology and innovation policies should be sequenced for best results.

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