Book Review: Policy, Regulation, and Innovation in China’s Electricity and Telecom Industries, edited by Loren Brandt and Thomas G. Rawski

Plekhanov, D.A.

Автор: Plekhanov D.A.
Журнал: China Journal
Том: 84
Год издания: 2020
Издательство: Contemporary China Centre
Местоположение издательства: Australia
Первая страница: 144
Последняя страница: 147
DOI: 10.1086/708999
Аннотация: The effectiveness of industrial policy—that is, government intervention in a specific sector designed to boost the growth prospects of that sector and to promote the development of the wider economy—has long been a hot topic in economics and policy debates. Traditionally, standard growth policy prescriptions for developing countries trying to catch up with their developed peers were to create an even playing field domestically for all industries and firms, rather than pick-ing and supporting specific sectors and market participants. However, the successful experience of Japan in the 1950s, the Asian Tigers in the 1970s, and more recently China has shifted attitudes towards industrial policy. For instance, the recent working paper“The Return of the Policy That Shall Not Be Named: Principles of Industrial Policy,”published by the International Monetary Fund, a long time critic of government intervention, stated that the success of the Asian Miracles was not a matter of luck but the result of industrial policy. The ambitious goals of the Chinese state to rapidly expand the high-tech sectors and develop an advanced manufacturing base, originally announced in 2015 as “Made in China 2025”have attracted greater attention to China’s experiments with industrial policy. Some Western observers are impressed, while others complain that Chinese companies receive unfair competitive advantages com-pared with foreign corporations, and others predict policy failures and, as a consequence, a decrease in China’s productivity growth rates. This book is a timely contribution to the debate. A multidisciplinary group of experts was convenedto elaborate on various aspects of industrial policy with Chinese characteristics(technological, economic, political, etc.), with the main focus on the effectiveness of Chinese state actions in the energy sector and telecommunications industry.
Добавил в систему: Плеханов Дмитрий Александрович

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Book Review: Policy, Regulation, and Innovation in China’s Electricity and Telecom Industries, edited by Loren Brandt and Thomas G. Rawskiстатья

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