Post the 'Washington Consensus': economic governance and industrial strategies for the twenty-first century

Turning the tide: prospects for an industrial renaissance in the North Staffordshire ceramics industrial district

“…This perception reflected the long-term impact of globalisation (which in most cases exacerbated de-industrialisation) and the concomitant neglect of these regions' manufacturing capabilities by successive governments (Bailey and Chapain, 2011). However, the adverse consequences of the UK's over-exposure to the financial sector (and heavy consumerism) revived the debate on a regional and industrial re-balancing of the economy, with suggestions for a greater emphasis upon sustainable manufacturing activity (Cowling and Tomlinson, 2011).…”

De-industrialisation, comparative economic performance and FDI inflows in emerging economies

“…Policies that support a balanced and diversified economy (and economic policy) in terms of sectoral composition, large-sized firms and (SMEs) clusters, the public-private-polity nexus, the macro-micro policy mix, and the mix between market-hierarchy and co-operation-co-opetition, are more likely to foster sustainable economic performance in both developed and emerging economies, hence foster global sustainable value creation (Mahoney, 2009) better than more singular, dogmatic policies such as those of the so called Washington consensus-recent austerity drive (Cowling & Tomlinson, 2011). While developing these ideas further is beyond the intended contributions of this article, recent works by Klein, Mahoney, McGahan, and Pitelis (2010) and Mazzucato (2013), among others, support and elaborate further these arguments.…”

Inclusive and Exclusive Social Preferences: A Deweyan Framework to Explain Governance Heterogeneity

“…Decision-makers in the public government arena develop different views of the world and adopt, not less than others, diverse behaviours with respect to the inclusion of publics and social interests. For example, the framework can help clarify aspects of social preferences as reflected in the analysis of the aims and outcomes of industrial policy (Cowling and Tomlinson, 2011;Chang, 1997), social policy, 8 in the processes characterising regulatory arenas (Hancher and Moran, 1989), and more generally in practices of problem solving in public policy dilemmas (Avio, 2002). …”