New industrial policy and the extractive industries

Arbeitspapier

Industrial policy is back. Advocates for industrial policy argue that the important question is not whether such policies should be applied at all, but how to design and implement them. For the extractive industries this development poses a challenge. First, there is the argument that host countries should reduce their dependence on the extractive resources sector and diversify their economies. But there is little consensus over how countries should go about this. Second, there is the universal climate agreement reached at the Paris COP21 in November 2015 which mandates that all economies have to move towards more sustainable and resource-efficient growth, with (green) industrial policy playing a critical part in achieving this structural transformation. Third, the liberal capitalist system underpinning the current global economy is under pressure with some political forces now making the case for more inward-looking economic policies and protectionism. This paper explores the new debate on industrial policy in relation to the extractive industries and the extractives-led development agenda.

Angaben zum Objekt

• ISBN: 978-92-9256-387-5
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: WIDER Working Paper ; No. 2017/161

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Exhaustible Resources and Economic Development ; Other Economic Systems: Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies ; Industrial Policy ; Institutions and Growth
• Thema: natural resources ; extractive industries ; industrial policy ; governance

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Dietsche, Evelyn
• Ereignis: Veröffentlichung
• (wer): The United Nations University World Institute for Development Economics Research (UNU-WIDER)
• (wo): Helsinki
• (wann): 2017

Weitere Informationen

• DOI: doi:10.35188/UNU-WIDER/2017/387-5
• Handle: http://hdl.handle.net/10419/190006
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ