Principles of an operational industrial policy for latecomers: Failures of analogy, strategies, and degrees of freedom

This chapter traces the implications for new industrial policies of the theoretical approach toward latecomers economies ¹ (LCs), found in the two previous contributions in this volume:

Storper’s theoretical argumentation suggesting that the only alternative for LCs is to adopt learning approaches since they can no longer compete via low wages, and

the argument of Bellak and Cantwell that globalization does open windows of opportunities, even if under very competitive terms.