Industrial Policies in the BRICS

2020 ◽  
pp. 748-778
Author(s):  
Fernando Santiago
Keyword(s):  
Industrial Policy ◽  
Industrial Development ◽  
Industrial Revolution ◽  
Third Party ◽  
Individual Development ◽  
Individual Country ◽  
Country Level ◽  
Major Player ◽  
Development Paths ◽  
The Individual

This chapter discusses industrial policy in the BRICS. It contributes to the literature in three ways. First, by approaching the BRICS as a single entity, it documents the gradual buy-in to the concept of BRICS by the participating countries, and their efforts at strengthening collaboration, including on industrial development matters. Second, it corroborates that differences in individual development paths influence the expected contribution of each member to advancing a joint industrial development agenda, while it is early to dismiss their ability to consolidate as a major player in global economic dynamics. Third, the BRICS response to the Fourth Industrial Revolution builds on their traditional proactive stance around industrial policy, while their expected collective collaboration with third-party regions, particularly Africa, reflects cumulative interests at the individual country level.

scholarly journals A Systematic Review of the Relationship Between Energy Consumption and Economic Growth in GCC Countries

2020 ◽  
Vol 12 (9) ◽  
pp. 3845 ◽  
Author(s):  
Mohammed AlKhars ◽  
Fazlul Miah ◽  
Hassan Qudrat-Ullah ◽  
Aymen Kayal
Keyword(s):  
Economic Growth ◽  
Energy Consumption ◽  
United Arab Emirates ◽  
Survey Study ◽  
Individual Country ◽  
Energy Technologies ◽  
Country Level ◽  
Gcc Countries ◽  
The Individual ◽  
The Relationship

This survey study analyzed the existing literature on the relationship between energy consumption and economic growth in the six Gulf Cooperation Council (GCC) countries (Saudi Arabia, United Arab Emirates, Bahrain, Qatar, Oman and Kuwait). This study identified 59 articles published in 18 journals covering the period 2006–2019. The articles were grouped into two categories: the first category included studies analyzing the energy–growth relationship at the individual country level while the second category included studies analyzing the relationship at a multi-country level. The result of this study revealed that 18% of the observations supported the growth hypothesis, 26% supported the conservation hypothesis, 43% supported the feedback hypothesis and 13% supported the neutral hypothesis. As our analysis found a dominant support for the growth and feedback hypotheses, this implies that the focus of energy policies in GCC countries has been on the supply and the uninterrupted availability for the expansion and growth of their industrial and developmental activities. However, for a sustainable development and growth of the GCC economies and meeting the environmental challenges, there is an urgent need for the expansion of renewable energy technologies in the energy supply mix of GCC countries.

scholarly journals ASSESSING THE QUALITY OF COVID-19 DATA: EVIDENCE FROM NEWCOMB-BENFORD LAW

2021 ◽  
Author(s):  
Hrvoje Jošić ◽  
Berislav Žmuk
Keyword(s):  
Health Policy ◽  
Individual Country ◽  
Policy Makers ◽  
Country Level ◽  
The World ◽  
Policy Measures ◽  
The Individual ◽  
Benford Law ◽  
Made In

The COVID-19 infection started in Wuhan, China, spreading all over the world, creating global healthcare and economic crisis. Countries all over the world are fighting hard against this pandemic; however, there are doubts on the reported number of cases. In this paper Newcomb-Benford Law is used for the detection of possible false number of reported COVID-19 cases. The analysis, when all countries have been observed together, showed that there is a doubt that countries potentially falsify their data of new COVID-19 cases of infection intentionally. When the analysis was lowered on the individual country level, it was shown that most countries do not diminish their numbers of new COVID-19 cases deliberately. It was found that distributions of COVID-19 data for 15% to 19% of countries for the first digit analysis and 30% to 39% of countries for the last digit analysis do not conform with the Newcomb-Benford Law distribution. Further investigation should be made in this field in order to validate the results of this research. The results obtained from this paper can be important for economic and health policy makers in order to guide COVID-19 surveillance and implement public health policy measures.

scholarly journals Industrial Policy as the Application of State Defense in the Era of Industrial Revolution 4.0

2020 ◽  
Vol 1 (2) ◽  
pp. 92-109
Author(s):  
Afrimadona ◽  
Shanti Darmastuti ◽  
Wiwiek Rukmi Dwi Astuti
Keyword(s):  
Industrial Policy ◽  
Industry 4.0 ◽  
Industrial Revolution ◽  
Rapid Change ◽  
National Interest ◽  
Automotive Electronics ◽  
Policy Makers ◽  
The Government ◽  
The Individual ◽  
State Defense

Abstract The rapid change in the information technology in the age of Industry 4.0 requires the government to produce an innovative and competitive industrial policy in order to push for an independent economic development. Amids the trend of industry 4.0, states are faced with a challenge of advancing national industries, such as the energy, food and beverage, automotive, electronics, chemical, textile and textile products industries. Using literature review over a number of cases of industrial policies in East Asia, this article argues that a national interest-based industrial policy can be seen as an implementation of the so-called state defense. This is because industrial policy is the product of the thoughts of individual policy-makers who are also the citizens to whom the obligation of state defense applies. Thus, rather than simply asking the general individual citizens to do state defense, the state, represented by the individual policy-makers should also think of their policy in terms of state defense, that is the defense of public interest. Key Words: industrial policy, industry 4.0, state defense, national interest

Global Value Chains and Export-Import Determinants in the European Union Member Countries

2018 ◽  
Vol 9 (4) ◽  
pp. 1365
Author(s):  
Rajmund MIRDALA
Keyword(s):  
European Union ◽  
Union Member ◽  
Real Exchange Rates ◽  
Import Demand ◽  
Intermediate Goods ◽  
The European Union ◽  
External Trade ◽  
Individual Country ◽  
Country Level ◽  
The Individual

Intra-Eurozone current account imbalances represent one of the most discussed topics related to the competitiveness issues of the common currency area since its establishment. Many authors examined this phenomenon considering possible linkages to effects of common monetary policy, real exchange rates movements, variety of demand drivers (fiscal imbalances included) and capital flows. However, as a result of increasing specialization on the individual country level during past few decades that stimulated distribution of individual stages of production across countries, dynamics of exports and imports of final goods, intermediate goods as well as primary inputs was associated with generally ambiguous effect on the external balance. The paper investigates the main determinants of disaggregated export and import demand functions on the sample of 21 the European Union member countries. Our results from estimated ARDL model based on the panel data indicates relatively significant importance of intermediate goods in the formation of external trade balances within as well as outside European Union from both territorial and commodity aspects.

scholarly journals The Policies of Social Innovation: A Cross-National Analysis

2019 ◽  
Vol 49 (3) ◽  
pp. 457-478 ◽  
Author(s):  
Gorgi Krlev ◽  
Torbjörn Einarsson ◽  
Filip Wijkström ◽  
Lea Heyer ◽  
Georg Mildenberger
Keyword(s):  
Social Innovation ◽  
Innovation Policy ◽  
Policy Discourse ◽  
The European Union ◽  
Individual Country ◽  
Policy Regimes ◽  
Country Level ◽  
The Individual ◽  
National Analysis ◽  
Cross National

This article deals with the policy discourse on social innovation at the European Union (EU) level as well as across nine European countries. We perform an exploratory analysis of relevant policy documents focusing on articulated policy authority, suggested actors, and key outcomes of social innovation. We also conduct an explanatory testing of the applicability of the varieties of capitalism as a traditional innovation classification system to social innovation. We find that the policy discourse across Europe lacks systemization and that EU agendas are only incompletely replicated at the individual country level. We also find that social innovation policies largely defy the principles governing traditional innovation policy regimes, which necessitates new or revised classification frames.

scholarly journals THE TIMING OF ASSET TRADE AND OPTIMAL POLICY IN DYNAMIC OPEN ECONOMIES

2013 ◽  
Vol 17 (8) ◽  
pp. 1543-1573 ◽  
Author(s):  
Ozge Senay ◽  
Alan Sutherland
Keyword(s):  
Open Economy ◽  
Optimal Policy ◽  
Initial Period ◽  
National Policy ◽  
Policy Rule ◽  
Individual Country ◽  
Policy Makers ◽  
Country Level ◽  
The Individual ◽  
National Policy Maker

Using a standard open economy DSGE model, it is shown that the timing of asset trade relative to policy decisions has a potentially important impact on the welfare evaluation of monetary policy at the individual-country level. If asset trade in the initial period takes place before the announcement of policy, a national policy maker can choose a policy rule that reduces the work effort of households in the policy maker's country, in the knowledge that consumption is fully insured by optimally chosen international portfolio positions. But if asset trade takes place after the policy announcement, this insurance is absent and households in the policy maker's country bear the full consumption consequences of the chosen policy rule. The welfare incentives faced by national policy makers are very different between the two cases. Numerical examples confirm that asset-market timing has a significant impact on the optimal policy rule.

On the strategy for industrial development of Russia

2017 ◽  
pp. 45-59 ◽  
Author(s):  
V. Osmakov ◽  
A. Kalinin
Keyword(s):  
Foreign Trade ◽  
Development Strategy ◽  
Goal Setting ◽  
Industrial Policy ◽  
Industrial Development ◽  
Social Policies ◽  
Strategic Decisions ◽  
Territorial Planning

The article considers the problems of industrial policy and, accordingly, the industrial development strategy from the standpoint of the challenges facing the industry, the conditions for the adoption of strategic decisions and possible answers - the key directions of state activities. The main principles and directions are analyzed: investment, foreign trade, technological policies, certain aspects of territorial planning, state corporate and social policies. Proposals on the prospective goal-setting and possible results of industrial policy have been formulated.

Ibn Khaldun’s Theory of Social Change

1998 ◽  
Vol 15 (2) ◽  
pp. 25-45 ◽  
Author(s):  
Fida Mohammad
Keyword(s):  
Industrial Revolution ◽  
Natural World ◽  
Social Knowledge ◽  
Philosophical Tradition ◽  
Historical Process ◽  
Ibn Khaldun ◽  
Historical Processes ◽  
The Will ◽  
The Individual ◽  
Compare And Contrast

In this article I shall compare and contrast Ibn Khaldun’s ideas aboutsociohistorical change with those of Hegel, Marx, and Durkheim. I willdiscuss and elaborate Ibn Khaldun’s major ideas about historical andsocial change and compare them with three important figures of modemWestern sociology and philosophy.On reading Ibn Khaldun one should remember that he was living in thefourteenth century and did not have the privilege of witnessing the socialdislocation created by the industrial revolution. It is also very difficult tocategorize Ibn Khaldun within a single philosophical tradition. He is arationalist as well as an empiricist, a historicist as well as a believer inhuman agency in the historical process. One can see many “modem”themes in his thinking, although he lived a hundred years beforeMachiavelli.Lauer, who considers Ibn Khaldun the pioneer of modem sociologicalthought, has summarized the main points of his philosophy.’ In his interpretationof Ibn Khaldun, he notes that historical processes follow a regularpattern. However, whereas this pattern shows sufficient regularity, itis not as rigid as it is in the natural world. In this regard the position ofIbn Khaldun is radically different from those philosophies of history thatposit an immutable course of history determined by the will of divineprovidence or other forces. Ibn Khaldun believes that the individual isneither a completely passive recipient nor a full agent of the historicalprocess. Social laws can be discovered through observation and datagathering, and this empirical grounding of social knowledge represents adeparture from traditional rational and metaphysical thinking ...

THE ROLE OF THE CIVIL SERVICE IN THE INDUSTRIALIZATION OF NIGERIA

2018 ◽  
Vol 1 (2) ◽  
Author(s):  
Chiemeka Onyema
Keyword(s):  
Public Service ◽  
Industrial Development ◽  
Industrial Revolution ◽  
National Development ◽  
Public Servants ◽  
Business Policy ◽  
Technological Base ◽  
Development Plans ◽  
Ease Of Doing Business ◽  
The Right

The goal of berthing Nigeria’s full-scale industrial revolution is yet to be achieved. All the industrial development plans have so far failed to accelerate the nation’s industrialization, hence the country’s low industrial base which has kept her in the league of developing nations. In fact, Nigeria has in recent times been experiencing deindustrialization, as several industries have collapsed and some others, such as Unilever and Michelin, have relocated to other countries. Several factors are responsible for Nigeria’s low industrial development and they include: inadequate infrastructure (particularly, energy), poor technological base, multiple taxes and levies, and, the shortage and high cost of foreign exchange. Despite a growing body of literature on industrialization in Nigeria, not much has been written about the link between Public Service Reforms and industrialization in Nigeria. This paper examines the links between the implementation of the Service Compact (SERVICOM) Charter and the achievement of Nigeria’s industrial development policies, especially the ‘Ease of Doing Business’ Policy. The paper makes the case that the goal of industrializing Nigeria will not be fully realised without an efficient Public Service. Furthermore, the paper highlights the need for Nigerian public servants to have the right work attitude, and to be morally upright and patriotic, in order to create a business-friendly environment and to build investor confidence, so as to facilitate and accelerate the country’s industrialization and overall national development. The author recommends that the Nigerian government should strengthen the implementation of the Servicom Charter and also incorporate the Charter into the industrialization plan.

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