Use this URL to cite or link to this record in EThOS:
Title: Industrial policy in and for a globalising economy : issues and lessons from Europe, the U.S. and Japan
Author: Bailey, David Geoffrey
Awarding Body: University of Birmingham
Current Institution: University of Birmingham
Date of Award: 2003
Availability of Full Text:
Access from EThOS:
This thesis aims to: (a) examine the rationale and role for industrial development policy within, and in response to, a global economy increasingly dominated by transnational firms; (b) contribute to debate on the design of such policy; (c) to reflect on the effectiveness of past policies and the potential for future possibilities. Section I provides an overview of the thesis and explanation of methods used, findings, contribution to the literature and so on. The thesis then takes the form of four sections: Section 11ta kes a historical perspectivei n tracing and analysing the evolution of policy towards transnationals in Japan, France, Germany, the US and Britain. It then uses a content-analysis type approach to identify a matrix of critical issues arising in policy design and debate from transnationals' presence. Section III illustrates and analyses through the use of various case studies how a top-down concentration of strategic decision-making within elites of decisionmakers leads to Hymerian patterns of development. Inherent within such an approach to economic development is the risk of strategic failure, where the objectives of elites making strategic decisions conflict with wider interests in society, with the result that the economic system fails to deliver the most appropriate outcomes for the community. This section links the strategic failure literature with radical institutionalist perspectives on participatory decision-making and freedom (both 'negative' and 'positive'). Section IV develops a specific policy response in the form of monitoring transnational firms. An Economic and Social Accounting approach is developed, and a case study is analysed to illustrate how such an approach might be used. The likely impact and possible role of a monitoring policy at different tiers of government is discussed, and advantages and disadvantages are analysed. Section V explores further possibilities in terms of 'bottom-up' approaches, in particular at the regional tier of government. This recognises how globalisation is prompting a refocusing on localised geographical agglomeration and spatial clustering, with the regional scale seen as increasingly important. Regional-level policies such as cluster policies and the role of regional development banks are explored. EU Regional Policy is given particular attention, given that it has attempted to stimulate 'bottom-up' approaches and multi-level governance (MLG). However, EU policy has not reduced regional GDP disparities; the latter have actually widened since 1988. This reflects the inability of the weakest regions to be active partners in policy-making and implementation under a bottom-up approach, as 'entitlement' did not immediately translate into empowerment: this was only possible after a period of institutional adjustment and learning. This is seen as particularly relevant with regard to EU enlargement to Central and Eastern Europe, where the building of regional institutional capabilities will require post-enlargement support. The role of Pre-Accession Funding in preparing Candidate Countries (CCs) is analysed and deficiencies identified. A final contribution to theoretical development is offered by considering to what extent CCs have moved towards MLG in relation to EU regional / structural policy.
Supervisor: Not available Sponsor: Not available
Qualification Name: Thesis (Ph.D.) Qualification Level: Doctoral
EThOS ID:  DOI: Not available