Drawing on the example of late-developing countries, especially from East Asia, catching up with established economic powers, the authors address a new formulation of industrial policy for latecoming, semi-industrialized countries.

Introduction; Part I: Theoretical foundations; 1: Industrial policy for latecomers: Products, conventions, and learning; 2: Globalization tendencies relevant for latecomers: Some conceptual issues; 3: Principles of an operational industrial policy for latecomers: Failures of analogy, strategies, and degrees of freedom; Part II: Policies, instruments and agents; 4: Coordinated industrialization: Institutional agendas for less favored countries; 5: Implications of organizational learning for horizontal technology policies: An exploratory study; 6: Industrial policy, competitive strategy, and networks of small and medium-sized firms: Theoretical issues and implications for less favored countries; 7: The regional development potential of inward investment 1; Part III: Case studies; 8: Learning, innovation, and industrial policy: Some lessons from Korea; 9: Industrial policy for catching up: The case of Taiwan; 10: Industrial policy in Ireland and the problem of late development; 11: Promoting coordination at regional level: The case of Northern Greece 1; 12: Inward investment in Central and Eastern Europe: The compatibility of objectives and the need for an industrial strategy