Bericht

Structural Change, Trade and Global Production Networks

An 'Appropriate Industrial Policy' for Peripheral and Catching-up Economies The global economy has been undergoing rapid structural change the impressive development processes in a range of emerging economies have induced strong shifts in global trade shares; international production networks (IPNs) are characterising regional and global trading relationships and we observe also persistent changes in the positions of countries in global value chains due to rather rapid technological and human capital upgrading. The aim of this paper is to assess these developments, but also discuss the importance of – what we call – 'appropriate industrial policy' (AIP) for countries at different developmental stages to support their position in the current global context. We emphasise in particular the role of AIP for European low- and medium-income economies (LMIEs) as the recent financial and economic crisis has shown that they are particularly vulnerable with respect to 'structural external imbalances' and thus policies to support their tradable sectors are of great importance.

Sprache
Englisch

Erschienen in
Series: Policy Notes and Reports ; No. 21

Klassifikation
Wirtschaft
Industrial Organization and Macroeconomics: Industrial Structure and Structural Change; Industrial Price Indices
Industrial Policy; Sectoral Planning Methods
Economic Integration
Empirical Studies of Trade
Economic Impacts of Globalization: Economic Development
Thema
appropriate industrial policy
structural change
structural upgrading
Emerging Europe
emerging economies
international production networks
global value chains
catching up
industrial policy and industrial organisation

Ereignis
Geistige Schöpfung
(wer)
Landesmann, Michael
Stöllinger, Roman
Ereignis
Veröffentlichung
(wer)
The Vienna Institute for International Economic Studies (wiiw)
(wo)
Vienna
(wann)
2018

Handle
Letzte Aktualisierung
10.03.2025, 11:46 MEZ

Datenpartner

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Objekttyp

  • Bericht

Beteiligte

  • Landesmann, Michael
  • Stöllinger, Roman
  • The Vienna Institute for International Economic Studies (wiiw)

Entstanden

  • 2018

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