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China's Industrial Policy Transformation: Theory And Practice
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China's Industrial Policy Transformation: Theory And Practice

Book Details

Format Hardback or Cased Book
ISBN-10 9811224072
ISBN-13 9789811224072
Publisher World Scientific Publishing Co Pte Ltd
Imprint World Scientific Publishing Co Pte Ltd
Country of Manufacture SG
Country of Publication GB
Publication Date Apr 24th, 2021
Print length 358 Pages
Weight 658 grams
Dimensions 15.90 x 23.60 x 2.80 cms
Product Classification: Economics
Ksh 21,600.00
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The debate on industrial policy has been in full swing among the academic circles in the recent years. The crux of this debate is not whether China needs industrial policies, but rather, the kind of industrial policies it wants. Given the profound changes to the domestic and international environments, and institutional background during China's industrial development, industrial policies must be able to make up for 'market failures,' while avoiding 'government failures'. To this end, it is suggested to establish a 'market-friendly' industrial policy system dominated by functional industrial policies, in accordance with the requirements of building an 'interactive and cooperative' government-market relationship to help transform and upgrade China's industries.
The debate on industrial policy has been in full swing among the academic circles in recent years. The crux of this debate is not whether China needs industrial policies, but rather, the kind of industrial policies it wants. Given the profound changes to the domestic and international environments, and institutional background during China''s industrial development, industrial policies must be able to make up for ''market failures,'' while avoiding ''government failures''. To this end, it is suggested to establish a ''market-friendly'' industrial policy system dominated by functional industrial policies, in accordance with the requirements of building an ''interactive and cooperative'' government-market relationship to help transform and upgrade China''s industries.

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