The rationale of industrial policy in developing countries: theoretical and practical aspects

Тетцоев З.Г.1
1 Национальный исследовательский институт мировой экономики и международных отношений им. Е.М. Примакова Российской академии наук

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Journal paper

Russian Journal of Entrepreneurship *
Volume 17, Number 13 (July 2016)
* Этот журнал не выпускается в Первом экономическом издательстве

Please, cite as:
Tettsoev Z.G. Obosnovanie promyshlennoy politiki v razvivayushchikhsya stranakh: teoreticheskie i prakticheskie aspekty // Rossiyskoe predprinimatelstvo. – 2016. – Tom 17. – № 13. – S. 1537–1548. – doi: 10.18334/rp.17.13.35409.

Abstract:
This article is an attempt to justify the industrial policy in developing countries. The author reviewed and analyzed the key theoretical and practical aspects of the industrial policy rationale. Important modern achievements of foreign and Russian economists in the sphere of economic development, innovations and industrial policy are also discussed. This article will be useful to experts in the field of economic development and state policy.

Keywords: industrial policy, innovations, developing countries, economic diversification, market failures, state failures, comparative advantage

JEL-classification: F52, O25, O47

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