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China's Telecommunications Revolution$
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Eric Harwit

Print publication date: 2008

Print ISBN-13: 9780199233748

Published to Oxford Scholarship Online: May 2008

DOI: 10.1093/acprof:oso/9780199233748.001.0001

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Industrial Policy and Lessons of the Telecommunications Revolution

Industrial Policy and Lessons of the Telecommunications Revolution

Chapter:
(p.183) 8 Industrial Policy and Lessons of the Telecommunications Revolution
Source:
China's Telecommunications Revolution
Author(s):

Eric Harwit (Contributor Webpage)

Publisher:
Oxford University Press
DOI:10.1093/acprof:oso/9780199233748.003.0008

This chapter proposes corollaries to basic industrial policy theory, ones based on the outcome of China's telecommunications transformation. It indicates a few points other developing nations should heed if they target key sectors for focused state economic policy intervention. Governments should avoid breeding corrupt practices, limit economic isolation from foreign investment, and encourage some forms of global competition. The chapter argues that if the area chosen for state intervention is well considered, competition is encouraged, and global economic forces are skillfully harnessed, other nations can emulate the equivalent of China's telecommunications revolution in a broad array of economic sectors.

Keywords:   competition, corruption, developing nation, foreign investment, global competition, industrial policy, policy theory, protectionism, technology transfer

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