Industrial Policy in Developing Economies: Developing dynamic comparative advantage in the South African automobile sector

Barnes, Justin, Kaplinsky, Raphael and Morris, Mike (2004) Industrial Policy in Developing Economies: Developing dynamic comparative advantage in the South African automobile sector Competition and Change, 8 (2). pp. 153-172. ISSN 1024-5294

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Official URL: http://www.tandfonline.com/toc/gcch20/8/2#.Uo4hM9J...

Abstract

Mainstream economics and the Washington Consensus caution against industrial policies that target sectors, firms and regions. At the most they favour cross-sectoral policies which address generalized market failures. This paper analyses the success of an industry-specific policy, South Africa's Motor Industry Development Programme. It documents significant learning processes and shows the impact of the sector's growth on macroeconomic performance. It also addresses the 'costs' of industrial policy and shows how well-designed scale-enhancing selective policies can provide domestic consumers with global-quality products at global-price levels, without subsidy from the exchequer. The conclusion addresses the relevance of such selective policies to other developing economies, arguing the case for intelligent and appropriately crafted industrial policy.

Item Type:Journal article
Uncontrolled Keywords:Industrial policy; Market failure; Automobile and components sector; Washington Consensus; South Africa; CENTRIM
Subjects:N000 Business and Management > N200 Management studies > N210 Management techniques > N215 Change and Innovation
DOI (a stable link to the resource):10.1080/1024529042000271416
Faculties:Brighton Business School > Centre for Research in Innovation Management
ID Code:3453
Deposited By:editor centrim
Deposited On:16 Apr 2009
Last Modified:21 Nov 2013 15:05

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