Jump to ContentJump to Main Navigation
Creating a Learning SocietyA New Approach to Growth, Development, and Social Progress$
Users without a subscription are not able to see the full content.

Joseph Stiglitz and Bruce Greenwald

Print publication date: 2014

Print ISBN-13: 9780231152143

Published to Columbia Scholarship Online: November 2015

DOI: 10.7312/columbia/9780231152143.001.0001

Show Summary Details
Page of

PRINTED FROM COLUMBIA SCHOLARSHIP ONLINE (www.columbia.universitypressscholarship.com). (c) Copyright University of Minnesota Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in CUPSO for personal use.date: 20 September 2021



The Case for Industrial Policy

(p.492) Chapter Twenty Commentary
Creating a Learning Society

Philippe Aghion

Columbia University Press

This chapter presents a discussion by Philippe Aghion, Robert C. Waggoner Professor of Economics at Harvard University. The main goal of his discussion is to discover whether a case can still be made for policies aimed at supporting or protecting some local sectors, or whether the proponents of a full and unconditional liberalization have definitely won the debate. His discussion is organized as follows. He first summarizes the infant-industry argument as it is traditionally stated and then discusses recent empirical work that refutes this argument. He then develops counterarguments in light of recent economic history and proposes a new approach to industrial policy based on the notion of governance.

Keywords:   Philippe Aghion, industrial policy, economic policy, liberalization, infant-industry argument, governance

Columbia Scholarship Online requires a subscription or purchase to access the full text of books within the service. Public users can however freely search the site and view the abstracts and keywords for each book and chapter.

Please, subscribe or login to access full text content.

If you think you should have access to this title, please contact your librarian.

To troubleshoot, please check our FAQs, and if you can't find the answer there, please contact us .