Prof. Raphael Kaplinsky and Dr Antonio Andreoni.

During the 1980s and 1990s, Industrial Policy went out of fashion as a consequence of the hegemony of neo-liberal dogma. Industrial Policy is now back in fashion. But will the revival of Industrial Policy lead to sustainable and inclusive growth? With the global spread of production capabilities and the fracturing of global value chains, it is no longer self-evident that industrialisation will continue to play its historical role as the driver of productivity growth and sustainable incomes. However, this does not mean that unrestricted market forces will deliver these developmental goals. But if market failures are endemic to capitalist accumulation, and if Industrial Policy no longer delivers the desired results, what other policy agendas might meet the challenge of promoting structural change, sustainable income growth and more inclusive patterns of economic growth?

Professor Raphael Kaplinsky is Honorary Professor at the Science Policy Research Unit, and is also an Emeritus Professor at the Institute of Development Studies and at the Open University.

Speaker(s):

Professor Raphael Kaplinsky, Dr Antonio Andreoni

Event Date:

8 February 2016

Released by:

SOAS Economics Podcast