Industrial strategies for tackling the challenges of the twenty-first century: trends in objectives, rationales and design in policy and academia
This report analyzes global shifts in industrial policy objectives and the rationales for public intervention, highlighting increased attention to social challenges and strategic objectives, particularly in high-income countries, while emphasizing the need for coherent policy frameworks.
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Quick Facts | |
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Report location: | source PDF |
Language: | English |
Publication date: | September 2024 |
Publisher: | Economic Commission for Latin America |
Authors: | Andrés Madariaga Espinoza, Neil Foster-mcgregor, Andrés Madariaga Espinoza, Neil Foster-mcgregor, Tommaso Ciarli |
Geographic focus: | Global |
Methods
The research method involved a systematic literature review using the SALSA methodology, which includes searching, appraising, synthesizing, and analyzing relevant academic publications and policy documents. The study focused on identifying trends in industrial policy objectives and rationales across different income groups from 2013 to 2023.
(Generated with the help of GPT-4)
Key Insights
The report examines the evolving landscape of industrial policy, focusing on the objectives and rationales that drive public intervention in various countries. It identifies a growing emphasis on social challenges, such as sustainability and inclusivity, particularly in lower-income nations, while high-income countries are increasingly prioritizing strategic objectives related to national security and technological autonomy. The analysis is based on a systematic review of policy documents and academic literature, revealing that while the objectives of industrial policies are diversifying, the underlying rationales for intervention remain relatively stable. The report suggests that a more nuanced understanding of these rationales is essential for designing effective industrial strategies that can balance economic growth with social and environmental considerations. It calls for a framework that recognizes the complexities and interdependencies of different objectives, advocating for coordinated approaches that can address the multifaceted challenges faced by nations in the 21st century.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2024 publication year | English publication language | Global geographic scope | digitalization | economic growth | inclusivity | industrial policy | public intervention | regional development | social challenges | strategic objectives | sustainability | technological change