Industrial Policy and the Great Divergence

We discuss recent work evaluating the role of the government in shaping the economy during the long nineteenth century, a practice we refer to as industrial policy. States deployed a vast variety of different policies aimed primarily, but not exclusively, at fostering industrialization. A thin but g...

Full description

Saved in:
Bibliographic Details
Published inAnnual review of economics Vol. 16; no. 1; pp. 27 - 54
Main Authors Juhász, Réka, Steinwender, Claudia
Format Journal Article
LanguageEnglish
Published Palo Alto Annual Reviews 22.08.2024
Annual Reviews, Inc
Subjects
19th century
first wave of globalization
Industrial policy
Industrialization
infant industry protection
JEL F13
JEL F15
JEL F54
JEL H23
JEL H54
JEL L16
JEL L52
JEL L98
JEL N1
JEL N4
JEL N6
JEL N7
JEL N9
JEL O14
JEL O25
JEL O3
JEL O4
nineteenth century
technology policy
telegraph
transport infrastructure
Online AccessGet full text

Cover

More Information
Summary:We discuss recent work evaluating the role of the government in shaping the economy during the long nineteenth century, a practice we refer to as industrial policy. States deployed a vast variety of different policies aimed primarily, but not exclusively, at fostering industrialization. A thin but growing literature has started to evaluate the economic effects of these policies, but many questions remain open for study.
ISSN:1941-1383
1941-1391
DOI:10.1146/annurev-economics-091523-044259