Determinates of industrial policy effectiveness: empirical analysis
The article summarizes the world experience in the implementation of industrial policy by industrialized countries and developing countries. Based on the results of government intervention in the industrial sector, determinants have been identied that are essential to success in this area: focus on comparative advantages or creating dynamic comparative advantages through technological training in the framework of structural transformation, «infant» industries protectionism, the export-oriented industrial policy, technological development by integrating into global value added chains and attracting FDI, investment in human capital, a sustainable nancial system, improvement national institutional environment and infrastructure.