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  /  KİTAPLAR   /  Murat Yülek Kitapları   /  Economic Planning and Industrial Policy in the Globalizing Economy

Economic Planning and Industrial Policy in the Globalizing Economy

Concepts, Experience and Prospects

▶ Compares early theoretical and practical motivations for national

development planning with those now emerging in the globalized

world economy

▶ Presents real-world accounts of current experiences in national

planning and industrial policy by international scholars with

firsthand experience

▶ Discusses new tools and approaches to development such as physical

infrastructure planning, industrial policy, and cluster policy

National economic planning aims at defining strategic economic objectives and priorities

for a country and designing longer term policies and institutional frameworks to achieve

them. Complemented in some cases by industrial policies, economic planning is a

dynamic attempt to change the structure defining parameters and policy mix of an

economy.

In market based economies ranging from Western Europe to Asia, planning has been

practiced since the end of the Second World War as a key developmental tool. Industrial

policies have a longer history that could be traced back to at least Alexander Hamilton.

Again, they have been employed in different countries under different forms.

Economic development has still been an ongoing quest and successful economic

development is probably needed more than before by many nations, Since 1980s,

however, with significant changes in the dynamics of the world economy, economic

planning and industrial policy have been less and less discussed in academic and policy

circles.

As external and domestic conditions have changed so should planning. However,

although it continued to be practiced one way or another in many countries, lack of

discussion leads to either ‘planning as before’ (being called economic planning or under

the disguise of various other tools) or no formal planning. The former is likely to be

inadequate or even inappropriate under new surrounding conditions. On the other hand,

economic planning under different forms consists of related but generally uncoordinated

developmental tools such as public sector strategic plans, revived forms of physical

infrastructure planning, new versions of industrial, technology, innovation, cluster and/or

R&D policies.