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The ‘How ’ of Manufacturing: Industrial Policy

  • Murat A. Yülek
Chapter

Abstract

This chapter discusses questions such as why industrial policy is needed (especially in developing countries)? What kinds of policy are needed at what stage along the industrialization process? What are the criteria in selecting the appropriate industrial policy? It also discusses the sequencing between industrial policy on the one hand and science, technology, and innovation (STI) policies on the other. Should they be used concurrently? Can STI policies be effective in a less industrialized country? Finally, the chapter presents a methodology for strategic sectors to be selected by policy makers from an industrial policy perspective. This is done for the first time globally. Do all manufacturing subsectors have the same developmental impact? Or, are some subsectors different from others? If so, how can these strategic sectors be identified?

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Copyright information

© The Author(s) 2018

Authors and Affiliations

  • Murat A. Yülek
    • 1
  1. 1.Istanbul Commerce UniversityIstanbulTurkey

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