
Contents
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The accumulation of capabilities in the great industrial transformation The accumulation of capabilities in the great industrial transformation
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The inter‐technological and intersectoral diversity of opportunities The inter‐technological and intersectoral diversity of opportunities
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Ricardo versus List Ricardo versus List
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Knowledge and business organizations Knowledge and business organizations
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Technological learning: a primus inter pares, not a magic bullet Technological learning: a primus inter pares, not a magic bullet
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Co‐evolutionary dynamics Co‐evolutionary dynamics
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Entrepreneurship, incumbent organizations, and development Entrepreneurship, incumbent organizations, and development
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Institutions supporting the great transformation Institutions supporting the great transformation
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The appropriability of knowledge and the opportunities for imitation The appropriability of knowledge and the opportunities for imitation
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Incentives and rents in the political economy of learning Incentives and rents in the political economy of learning
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The consistency conditions among macro policies and industrial policies The consistency conditions among macro policies and industrial policies
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How much are the lessons from the past helpful for the future? How much are the lessons from the past helpful for the future?
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Notes Notes
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References References
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1 1 The Political Economy of Capabilities Accumulation: The Past and Future of Policies for Industrial Development
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Published:October 2009
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Abstract
This introductory chapter lays out the premise for the rest of the book and suggests that industrial policies have been a fundamental ingredient of all development processes. The notion of “industrial policy” is understood here in a quite expansive manner. It comprises policies affecting “infant industry” support of various kinds, but also trade policies, science and technology policies, public procurement, policies affecting foreign direct investments, intellectual property rights, and the allocation of financial resources. The contributions to this book analyze from different angles the role played by industrial policies, in the foregoing broad sense, and by institution building within that great transformation leading from traditional, mostly rural, economies to economies driven by industrial activities (and nowadays also advanced services), able to learn systematically how to implement and eventually how to generate new ways of producing existing and new products under conditions of dynamic increasing returns. The preface pulls together the major threads linking the various chapters of the book, addressing on the grounds of different national and regional experiences the patterns of knowledge accumulation, its political economy, the related distribution of rents, the role of trade, competition and IPR policies; the impact of institutions supporting technological learning, and the interaction between macro policies and corporate behaviors.
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