"The government takes measures 'aimed at improving the competitiveness and capabilities of domestic firms and promoting structural transformation'."
The importance of monitoring and evaluating industrial policies to assess their impact and effectiveness, and to improve policy design and implementation.
Introduction to Industrial Policy: This topic brings to light the concept of industrial policy and its relevance in different economies. It provides an introduction to the various factors that reshape industrial policy and drive economic growth.
Monitoring and Evaluation (M&E) Frameworks: This topic explains the necessary M&E frameworks that are used in industrial policy. It enlists the components of an M&E system and discusses the importance of evaluation in decision making.
Policy goals and objectives: This topic highlights the different goals and objectives that industrial policy can aim at achieving. It discusses the importance of setting these goals and the role they play in the formulation of policies.
Stakeholder Analysis: This topic concentrates on the various stakeholders involved in industrial policy, their roles, and how their interests can affect policy-making processes.
Data collection and analysis: This topic focuses on the different data collection methods and data analysis techniques used in industrial policy. It discusses the importance of data analysis, data management, and data utilization in decision making.
Implementation Strategies: This topic explores the different strategies that can be used in the effective implementation of industrial policy. It discusses the importance of policy design and policy diffusion in the implementation phase.
Impact Assessment: This topic outlines the various methods and techniques used to assess the impact of industrial policy on its intended goals and objectives, society, and the environment. It discusses the importance of impact assessments in decision making.
Policy Learning and Evaluation: This topic looks at the importance of evaluation and policy learning in industrial policy. It explores how evaluation can be used to inform future policy decisions and to facilitate learning and adaptation.
Case Studies: This topic delves into specific case studies of industrial policies of different economies. It analyzes the different approaches and the impact of these policies on the economy, society, and the environment.
Policy Communication: This topic examines the importance of effective communication in industrial policy. It discusses the different communication strategies that can be used to engage stakeholders effectively and to communicate policy results effectively.
Output monitoring: This type of monitoring measures the results produced by an industrial policy intervention. For example, it may track the number of jobs created or the amount of investment generated.
Outcome monitoring: Outcome monitoring evaluates the broader impacts of an industrial policy intervention. This could include improvements in productivity or GDP growth.
Process monitoring: Process monitoring looks at the implementation of an industrial policy intervention. It may focus on factors such as the efficiency of the policy implementation or the effectiveness of program management.
Impact evaluation: Impact evaluation measures the causal effect of an industrial policy intervention, by comparing outcomes with a counterfactual scenario where the intervention did not take place.
Cost-benefit analysis: This type of evaluation assesses the costs and benefits of implementing an industrial policy intervention, in order to determine its overall economic value.
Baseline monitoring: A baseline is established before an industrial policy intervention is implemented. Baseline monitoring is the process of collecting data on this baseline, which can then be used to compare against post-intervention results.
Feedback loops: Feedback loops involve continuous monitoring and evaluation throughout the implementation of an industrial policy intervention, with results used to adjust or refine the program as it progresses.
Risk assessment: Risk assessment evaluates the likelihood and potential impact of various risks associated with an industrial policy intervention, which might include political risks or economic risks.
Longitudinal monitoring: This type of monitoring involves tracking the effects of an industrial policy intervention over an extended period of time, in order to identify any longer-term trends or impacts.
Quality assurance: Quality assurance involves reviewing the implementation and results of an industrial policy intervention, with the aim of improving the quality of the policy and its implementation.
"...often focused on all or part of the manufacturing sector."
"A country's infrastructure (including transportation, telecommunications and energy industry) is a major enabler of the wider economy and so often has a key role in IP."
"Industrial policies are interventionist measures typical of mixed economy countries."
"Many types of industrial policies contain common elements with other types of interventionist practices such as trade policy."
"Industrial policy is usually seen as separate from broader macroeconomic policies, such as tightening credit and taxing capital gains."
"Traditional examples of industrial policy include subsidizing export industries and import-substitution-industrialization (ISI), where trade barriers are temporarily imposed on some key sectors, such as manufacturing."
"By selectively protecting certain industries, these industries are given time to learn (learning by doing) and upgrade."
"Once competitive enough, these restrictions are lifted to expose the selected industries to the international market."
"More contemporary industrial policies include measures such as support for linkages between firms and support for upstream technologies."
"Industrial policy takes measures aimed at improving the competitiveness and capabilities of domestic firms..."
"The government takes measures aimed at... promoting structural transformation."
"...including transportation, telecommunications and energy industry..."
"Industrial policies are interventionist measures typical of mixed economy countries."
"...subsidizing export industries and import-substitution-industrialization (ISI), where trade barriers are temporarily imposed on some key sectors..."
"...these industries are given time to learn (learning by doing) and upgrade."
"Once competitive enough, these restrictions are lifted to expose the selected industries to the international market."
"...support for linkages between firms and support for upstream technologies."
"A country's infrastructure is a major enabler of the wider economy and so often has a key role in IP."
"Industrial policy is usually seen as separate from broader macroeconomic policies, such as tightening credit and taxing capital gains."