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Industrial Policy and Sustainable Development

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Industrial Policy and Sustainable Growth

Part of the book series: Sustainable Development ((SD))

Abstract

This chapter examines the evolution of the concept of sustainable development and argues the need for a comprehensive definition of sustainability that provides a framework in which industrial policy fits. Until recently the concept of sustainable development has focused narrowly on poverty and the protection of the environment and natural resources; these are problems that economic development has either been considered to cause directly or that it simply cannot remedy. It is argued in this chapter that the concept of sustainability should be clearly redefined to have an appropriately wide coverage, including economic, social, and institutional factors. Industrial policy then forms an integral part of the unifying concept of “comprehensive sustainability” under which it should work in tandem with other policies. This would increase the efficiency and effectiveness of economic and social policies and could neutralize the trade-off between industrial development and environmental degradation through innovation. Industrial policy, then, would concentrate on building capacity to develop new products and machinery that cater to green growth.

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Authors and Affiliations

  1. Center for Industrial Policy and Development, Istanbul Commerce University, Imrahor Cad 90, 34445 Beyoğlu, Istanbul, Turkey

    Murat A. Yülek

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  1. Murat A. Yülek
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Correspondence to Murat A. Yülek .

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  1. Istanbul Commerce University , İstanbul, Turkey

    Murat Yülek

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Yülek, M.A. (2017). Industrial Policy and Sustainable Development. In: Yülek, M. (eds) Industrial Policy and Sustainable Growth. Sustainable Development . Springer, Singapore. https://doi.org/10.1007/978-981-10-3964-5_3-1

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  • DOI: https://doi.org/10.1007/978-981-10-3964-5_3-1

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  • Print ISBN: 978-981-10-3964-5

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