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


Zaurbek G. Tettsoev
(about the author)

Tettsoev Zaurbek G. – Postgraduate (Primakov National Research Institute of World Economy and International Relations, Russian Academy of Science)

Published in:
Russian Journal of Entrepreneurship
– Volume 17, Number 13 (July 2016)

JEL classification: F52, O25, O47

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


Citation:
Zaurbek G. Tettsoev (2016). The rationale of industrial policy in developing countries: theoretical and practical aspects. Russian Journal of Entrepreneurship, 17(13), 1537–1548. doi: 10.18334/rp.17.13.35409


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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.







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