UK Competitiveness Policy vs . Japanese Industrial Policy
Bibliographic Data
| ID | 9714923 |
|---|---|
| Authors | Ali M El‐Agraa (Fukuoka University, corresponding author) |
| Year | 1997 |
| Volume | 107 |
| Issue | 444 |
| Pages | 1504-1517 |
| Publication date | 1997-09-01 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | The Economic Journal (JOURNAL) |
| Journal identifiers | ISSN: 0013-0133 • E-ISSN: 1468-0297 |
| Publisher | Oxford University Press (OUP) (PUBLISHER) |
| DOI | 10.1111/j.1468-0297.1997.tb00061.x |
| OpenAlex | W2063343853 |
| Language | EN |
| Citations received | 3 |
| References cited | 26 |
It is often claimed that Japanese ‘industrial policy’ targeted high growth or high productivity growth sectors (see, inter alia, Johnson, 1982; Carliner, 1986; Nester, 1991; Tyson, 1992). It is then argued that because both the targeted industries and the Japanese economy have prospered, it follows that Japanese industrial policy must have been successful. Hence, Britain, and other advanced nations, either are justified in emulating, or should hasten to follow, the Japanese example. This raises the question of whether the United Kingdom's ‘competitiveness policy’ is the appropriate response or is a completely different animal. The purpose of this paper is to explore the main areas in contention, but before doing so it is important to be clear about what one means by industrial and competitiveness policies. In the wider literature (see Coates, 1996 for a comprehensive coverage), industrial policy embraces all acts and policies of the state in relation to industry, be they economic, social or environmental. No wonder, within that context, ‘an actual definition of industrial policy may be as difficult to formulate as it is prevalent in practice ... you know it when you see it, but you can't define it’ (Audretsch, 1989, p. 10). Indeed, it has been described as more a state of mind than a self‐explanatory prescription for action, yet, ‘like the elephant, while difficult to define, it is unmistakable when encountered’ (Nevin, 1990, p. 132)
Business · Context (archaeology · Economic growth · Economics · Economy · Industrial policy · Market economy · Productivity · State (computer science · Wonder · Asian Industrial and Economic Development · Global trade and economics · History · Italy: Economic History and Contemporary Issues
Who's bashing whom?
Miti and the Japanese Miracle
Increasing returns, monopolistic competition, and international trade
The Market and the State
The Impact of Industrial Policy on Japan's Trade Specialization
Growth, Economies of Scale, and Targeting in Japan (1955-1990)
The Economic Development of Japan
The Japanese Economy
The Economic Development of Japan
What is All This about ‘Industrial Targeting’ in Japan
Asia's New Giant
Economic Planning, East and West
Strategic Trade Policy and the New International Economics
Japan's Trade Frictions
Miti and the Japanese Miracle. The Growth of Industrial Policy, 1925-1975
Asia's New Giant
| Citations per year | 0.12 |
|---|---|
| Citation span | 2001 - 2022 (22) |
| Highly cited | No |