Determinates of industrial policy effectiveness: empirical analysis

  • Kristina V. Shestakova Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

Abstract

The article summarizes the world experience in the implementation of industrial policy by industrialized countries
and developing countries. Based on the results of government intervention in the industrial sector, determinants
have been identified that are essential to success in this area: focus on comparative advantages or creating dynamic
comparative advantages through technological training in the framework of structural transformation, «infant» industries protectionism, the export-oriented industrial policy, technological development by integrating into global value added chains and attracting FDI, investment in human capital, a sustainable financial system, improvement national institutional environment and infrastructure.

Author Biography

Kristina V. Shestakova, Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus

senior lecturer at the department of international management, faculty of economics

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Published
2018-10-24
Keywords: industrial policy, industrial development, protectionism, export-oriented policy, comparative advantage, global value added chains, foreign direct investments
How to Cite
Shestakova, K. V. (2018). Determinates of industrial policy effectiveness: empirical analysis. Journal of the Belarusian State University. Economics, 1, 85-92. Retrieved from https://journals.bsu.by/index.php/economy/article/view/2241
Issue
No 1 (2018): Journal of the Belarusian State University. Economics
Section
L. Industrial Organization

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