Six Steps for Strategic Government Intervention: A response to 'After the Crisis: Industrial Policy and the Developmental State in Low-Income Countries' by Robert Wade

Professor Robert Wade’s article, ‘After the Crisis: Industrial Policy and the Developmental State in Low-Income Countries’, is a bold and thought-provoking exposition of his long-held ideas on the political economy of development and the dynamics of structural change. I agree with much of what he suggests but would like to offer a couple of nuances on the relative roles of the market and the state in the process of economic development, and then suggest a framework for conceptualizing and operationalizing successful government intervention.

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