Robert Wade on industrial policy and development

Professor Robert Wade of the London School of Economics discusses industrial policy, on which he has written extensively. He mentions how difficult it has been for poorer non-Western countries to ‘catch up’ with rich ones through development, and how few have done it. He also talks about industrial policy in Taiwan, which was arguably a big part of its development success story.

Industrial policy is of particular interest to me, and I wrote my Masters’ thesis on the Malaysian government’s attempts to use it during the 1980s, with mixed results.

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