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Full Description
With so many states committed to economic transformation, and so many experts ready to provide technical advice on how to achieve it, why does progress so often remain elusive? In Pursuit of Prosperity examines the process of economic upgrading—moving to more valuable activities in production, improving technology, knowledge, and skills, and participating in global value chains—and develops a new theory to explain the form and success of national policies designed to promote it.
Using a mixed-methods approach, Charles R. Hankla draws upon archival research and interviews from France and India as well as quantitative models of sixteen countries across six decades. He finds that when state and private actors are aligned in their institutional structures, which can happen in both corporatist and pluralist systems, industrial policy tends to be more effective. It is when the state or the private sector independently dominates industrial policy that poor outcomes are most likely. As In Pursuit of Prosperity shows, rather than being fixed characteristics of countries, policymaking styles vary across time and across sectors of the economy, reflecting the changing power dynamics and organizational resources of stakeholders. The book sheds light on how industrial policy—which is experiencing a comeback in the United States and beyond—can best be harnessed for upgrading. It offers a valuable contribution to our understanding of the complex relationship between state politics and economic performance in the modern globalized world.
Contents
Table of Contents
Abstract and Acknowledgements
Chapter 1: Transformative Relationships - Rethinking Economic Upgrading
Chapter 2: How Can Upgrading be Accomplished? Building the Theory
Chapter 3: Postwar France - Fragmentation and Coherence
Chapter 4: Postwar France -Upgrading in Industry and Agriculture
Chapter 5: India - Upgrading and the 'Tryst with Destiny'
Chapter 6: India - Party Centralization, State Dominance, and Industrial Policy
Chapter 7: India - Political Change, Multiparty Politics, and Upgrading
Chapter 8: Extending the Argument - Upgrading Coalitions in the OECD and the United States
Chapter 9: In Pursuit of Prosperity - Concluding Thoughts and Ways Forward
Bibliography
