Rethinking Productive Development: Sound Policies and Institutions for Economic Transformation

Crespi, Gustavo

ISBN 10: 1137397160 / ISBN 13: 9781137397164

Published by AIAA 2014-09, 2014

About this Item

Seller Inventory # 6666-IUK-9781137397164

Bibliographic Details

• Title: Rethinking Productive Development: Sound Policies and Institutions for Economic Transformation
• Publisher: AIAA 2014-09
• Publication Date: 2014
• Language: English
• ISBN 10: 1137397160
• ISBN 13: 9781137397164
• Binding: PF
• Condition: New

About this title

Synopsis

Productive transformation requires seizing the opportunities available and opening new ones in a competitive world. Rethinking Productive Development examines the market failures impeding transformation and the government failures that may make the policy remedies worse than the market illness. To address market failures, the authors propose a simple conceptual framework based on the scope and nature of the policy approach. They then systematically analyze country policies through this lens in key areas such as innovation, new firms, financing, human capital, and internationalization to show the power of this way of thinking. Still, the book warns that policymakers cannot be sure what the right policy interventions are and must set up a process to discover them that calls for public-private collaboration. Recognizing that the risk of capture needs to be checked and that even the best policies will fail without the technical, organizational, and political capacity to implement them, thebook concludes with ideas on how to design institutions fostering the right incentives and how to grow public sector capabilities over time.

About the Author

Manuel Agosin Mariana Bassi Juan Blyde Gabriel Casaburi Jorge Cornick Gustavo Crespi Fernando De Olloqui Eduardo Fernández-Arias Alessandro Maffioli Christian Volpe Martincus Ugo Panizza Carlo Pietrobelli Alejandro Rasteletti Graciana Rucci Ernesto Stein Alberto Trejos Sergio Urzua Rodrigo Wagner