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2024 | OriginalPaper | Buchkapitel

3. The Need for Industrial Policies: A Review of the Literature

verfasst von : Fadil Sahiti

Erschienen in: Industrial Policies for Technological Upgrading in Western Balkan Countries

Verlag: Springer Nature Switzerland

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Abstract

Promoting economic growth has been a topic of economic debate since the late eighteenth century and publication of Adam Smith’s works. Most economic researchers agree that it is market forces that regulate market prices and enable the distribution of resources from less productive to more productive entities. However, it has been shown that government intervention is required to achieve overall economic transformation. Both historically and currently, the instrument typically used by governments to promote industrial and economic development is industrial policy.

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Vorheriges Kapitel Economic Profiles of Three Western Balkans Economies and Slovenia
Nächstes Kapitel Industrial Policy Practice in Three Western Balkan Economies and Slovenia
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Metadaten
Titel
The Need for Industrial Policies: A Review of the Literature
verfasst von
Fadil Sahiti
Copyright-Jahr
2024
Buch
Industrial Policies for Technological Upgrading in Western Balkan Countries

Print ISBN: 978-3-031-51428-9

Electronic ISBN: 978-3-031-51429-6

Copyright-Jahr: 2024

DOI
https://doi.org/10.1007/978-3-031-51429-6_3

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