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Export-Led Industrial Policy for Developing Countries: Is There a Way to Pick Winners?

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dc.contributor.authorReed, Tristan
dc.date.accessioned2024-09-10T15:31:55Z
dc.date.available2024-09-10T15:31:55Z
dc.date.issued2024-09-10
dc.description.abstractIndustrial policy prioritizes growth in specific sectors. Yet there is little agreement about how to target sectors in practice, and many argue that governments cannot pick winners. This essay observes that governments can and do identify tradable sectors where public inputs accelerate growth and generate economic benefits. These strategic sectors are: (i) those that are relatively more productive, and (ii) those that are relatively less productive but require technology like the country’s existing technology and have rapidly growing markets and limited international competition. Since developing countries are productive in fewer sectors and have less technology, targeting can be more valuable for them. Export promotion agencies are institutions that have demonstrated effectiveness in coordinating public inputs to grow these sectors. Compared to protectionism, this alternative approach to ‘industrial policy’ is cheaper, less susceptible to capture by unproductive firms, and permissible under the rules of international trade agreements. Many countries’ development strategies adopt this approach.en
dc.identifierhttp://documents.worldbank.org/curated/en/099404009062431972/IDU11cf3ba011450f148e01a7731f1d165063b94
dc.identifier.doi10.1596/1813-9450-10902
dc.identifier.urihttps://hdl.handle.net/10986/42137
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC: World Bank
dc.relation.ispartofseriesPolicy Research Working Paper; 10902
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igo/
dc.subjectINDUSTRIAL POLICY
dc.subjectEXPORT PROMOTION
dc.subjectSECTOR TARGETING
dc.subjectCOMPARITIVE ADVANTAGE
dc.subjectCOMPETITIVE ADVANTAE
dc.subjectPRODUCT SPACE
dc.subjectTRADE AGREEMENTS
dc.subjectTRADE POLICY
dc.subjectDECENT WORK AND ECONOMIC GROWTH
dc.subjectSDG 8
dc.titleExport-Led Industrial Policy for Developing Countriesen
dc.title.subtitleIs There a Way to Pick Winners?en
dc.typeWorking Paper
dspace.entity.typePublication
okr.associatedcontenthttps://reproducibility.worldbank.org/index.php/catalog/242 Link to reproducibility package
okr.crossref.titleExport-Led Industrial Policy for Developing Countries: Is There a Way to Pick Winners?
okr.date.disclosure2024-09-10
okr.date.doiregistration2025-04-07T08:22:16.357413Z
okr.date.doiregistration2025-04-08T16:10:35.456881Z
okr.date.doiregistration2025-04-09T03:00:17.941619Z
okr.date.lastmodified2024-09-06T00:00:00Zen
okr.doctypePolicy Research Working Paper
okr.doctypePublications & Research
okr.docurlhttp://documents.worldbank.org/curated/en/099404009062431972/IDU11cf3ba011450f148e01a7731f1d165063b94
okr.guid099404009062431972
okr.identifier.docmidIDU-1cf3ba01-450f-48e0-a773-f1d165063b94
okr.identifier.doi10.1596/1813-9450-10902
okr.identifier.doihttps://doi.org/10.1596/1813-9450-10902
okr.identifier.externaldocumentum34387137
okr.identifier.internaldocumentum34387137
okr.identifier.reportWPS10902
okr.import.id5252
okr.importedtrueen
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/099404009062431972/pdf/IDU11cf3ba011450f148e01a7731f1d165063b94.pdfen
okr.region.geographicalWorld
okr.topicIndustry::Industrial Economics
okr.topicIndustry::Industrial and Consumer Services and Products
okr.topicInternational Economics and Trade::Export Competitiveness
okr.topicInternational Economics and Trade::Trade Policy
okr.unitProsperityChiefEcoAnalyticalTeam (EFIAT)
okr.unitDECRG: Macroeconomics & Growth (DECMG)
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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