This superb text defines and describes modern industrial policy. For many years economists, politicians, and policymakers have worried over inward-looking and damaging industrial policies, associating them with poor economic performance and arrested industrial development. At last we have a book which identifies and analyses new forms of modern industrial policy which work effectively and are able to overcome the problems of the past. The book is replete with concrete examples and new conceptual developments, showing how modern industrial policy is able to initiate, upgrade, and transform economic activity for the benefit of all. The evidence is used to provide a new theory of industrial policy, distinguishing modern industrial policy from the practices of the past - leaving no room for doubt as to how policymakers should proceed in the twenty-first century. Essential reading for policymakers, analysts, scholars, teachers, and consultants concerned with industrial policy and modern economic development.' - Mike Hobday, University of Brighton, UK'Jesus Felipe is to be congratulated for assembling a first-rate group of authors to address one of the most important policy issues of our time. Their main contention is that, to succeed, latecomer developing countries need a 'modern industrial policy'. Aware of the pitfalls, they provide empirical evidence in support of their arguments. The country studies are particularly interesting. A stimulating volume that deserves to be read, including by the skeptics.' - Hal Hill, Australian National University Development and Modern Industrial Policy in Practice provides an up-to-date analysis of industrial policy. Modern industrial policy refers to the set of actions and strategies used to favor the more dynamic sectors of the economy. A key aspect of modern industrial policy is embedding private initiative in a framework of public action to encourage diversification, upgrading, and technological dynamism to achieve development in the twenty-first century. The book reviews key questions that policymakers ask about industrial policy, such as: who selects sectors; what is the rationale for sector selection; what are the main tools to promote sectors?, what is the role of human capital; and what are the mechanisms for monitoring and evaluation? Expert contributors discuss how to undertake industrial policy effectively and examine the experiences of Australia, the EU, the Republic of Korea, Malaysia, and the US. Policymakers, multilateral development institutions, and scholars will find the discussions on industrial policy, structural transformation, economic diversification and upgrading, and capabilities to be useful and practical. Contributors: F. Block, J.-M. Chang, K. Farla, J. Felipe, F. Guadagno, C.A. Hidalgo, M.R. Keller, M.H. Khan, K. Lee, J.Y. Lin, C. Long, W.F. Mitchell, C. Rhee, T. Siew Yean, B. Verspagen, Y. Wang, X. Zhang

Fourteen captains of industry. One hour of intense, candid and often brutal examination with each leader. Courageous conversations takes the reader on a privileged walk through the corridors of corporate power, on a journey to the centre of leadership. What is leadership? How have these remarkable individuals steered their companies through times of largeness and, more recently, recession? Has the board become an outdated model? Are visions, values and ethics being sacrificed on the altar of profitability? Has executive remuneration really gone too far? The ultimate goal: to discover what lessons can be learned and taken on board for the next generation of South Africa's corporate leaders. David Gleason, a well-known financial journalist and columnist, gets into the minds, and ultimately the hearts, of these celebrated leaders with often surprising and dramatic consequences. Courageous conversations is a fearless exposition of real-life leadership. It stands apart from other books in the field of leadership with its dual-analysis format: one analysis written by Gleason and an academic analysis of each interview by Professor Stella Nkomo, with contributions from Professor Derick de Jongh. Each interview has been transcribed and copied onto a CD, which accompanies the book.

It is widely accepted that the key to rising incomes for workers, for investors, and (indirectly) for welfare recipients is innovation. New ideas provide opportunities for investment in new products, new processes, and new markets. Exploitation of these opportunities by intrapreneurs and entrepreneurs gives rise to increases in labor productivity, which in turn lead to higher primary incomes for workers and investors and, via government redistributive mechanisms, larger transfers to welfare recipients. Since technology is the driver of innovation and the key to the subsequent economic and distributional benefits of this innovation, there is a need for researchers and businesspersons to have access to up-to-date information on emerging technologies and the business opportunities they provide. Technological Breakthroughs and Future Business Opportunities in Education, Health, and Outer Space discusses the economic, social, and cultural benefits that new technologies can provide in multidisciplinary industries with a unique emphasis on looking towards the impacts of these technologies across the next two decades. Within this theme, the book discusses the recent trends, future developments, and business opportunities surrounding new technologies including information technology and biotechnology. Additionally, the book investigates recent demands and disruptions in the health and education sectors as well as recent developments and forthcoming opportunities in the outer space sector and how newer technologies can enable and meet the growing demands of these industries. While covering all these technologies and their applications, this book is an ideal reference work for entrepreneurs and intrapreneurs, teachers, technologists, analysts, IT specialists, engineers, policymakers, medical professionals, government officials, space agencies, financial planners, public officials, and researchers and students working in areas that include but are not limited to technology, education, public health, medicine, business and management, aeronautics, and public policy.

Political Economy of Globalization and China's Options offers the political economy of globalization and China's options in response to globalization's retrogression, and the construction of world order. What are the strategies for upgrading the competitiveness of an emerging major power? Why does world need a new concept of openness? What are the four major challenges for the world economy? How do Chinese scholars think of in an "Anti-Globalization" environment? What are the five major objectives of global politics? Besides answering these basic questions, we will also consider other issues: the triangular relationship among China, the United States, and Russia; Rise of China and transformation of international order; understanding nuclear security and safety issues from the perspective of global governance.