This paper discusses the role of demand-driven industrial policy instruments in underpinning indu... more This paper discusses the role of demand-driven industrial policy instruments in underpinning industrialization in catching up countries. From a long-term perspective, this analysis identifies at what point the use of demand-driven policy instruments was most prominent in the development of a given manufacturing industry. What instruments were used? How were they used? How did these instruments contribute to the development of the industry? Demand for manufactured goods can be interpreted in two ways: either as a driving force outside the direct control of policymakers; or as a measure used by policymakers to boost industrial development. We use the results from case studies of the automotive industry in the Republic of Korea, aircraft manufacturing in Brazil and lithium processing in Chile. Our findings highlight that demand-driven policy instruments are better understood within dynamic policy mixes in combination with and complementing supply-driven policy interventions. Policy interventions combined with innovation and changes in demand conditions open up windows of opportunity for industrialization.
This paper discusses the role of demand-driven industrial policy instruments in underpinning indu... more This paper discusses the role of demand-driven industrial policy instruments in underpinning industrialization in catching up countries. From a long-term perspective, this analysis identifies at what point the use of demand-driven policy instruments was most prominent in the development of a given manufacturing industry. What instruments were used? How were they used? How did these instruments contribute to the development of the industry? Demand for manufactured goods can be interpreted in two ways: either as a driving force outside the direct control of policymakers; or as a measure used by policymakers to boost industrial development. We use the results from case studies of the automotive industry in the Republic of Korea, aircraft manufacturing in Brazil and lithium processing in Chile. Our findings highlight that demand-driven policy instruments are better understood within dynamic policy mixes in combination with and complementing supply-driven policy interventions. Policy interventions combined with innovation and changes in demand conditions open up windows of opportunity for industrialization.
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Papers by Miriam Weiss