01760cas a2200253 a 4500 AALejournalIMF019170 230101c9999 xx r poo 0 0eng d 5.00 USD 9781498305402 1018-5941 BD-DhAAL BD-DhAAL Cherif, Reda. The Return of the Policy That Shall Not Be Named : Principles of Industrial Policy / Reda Cherif, Fuad Hasanov. Washington, D.C. : International Monetary Fund, 2019. 1 online resource (79 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Industrial policy is tainted with bad reputation among policymakers and academics and is often viewed as the road to perdition for developing economies. Yet the success of the Asian Miracles with industrial policy stands as an uncomfortable story that many ignore or claim it cannot be replicated. Using a theory and empirical evidence, we argue that one can learn more from miracles than failures. We suggest three key principles behind their success: (i) the support of domestic producers in sophisticated industries, beyond the initial comparative advantage; (ii) export orientation; and (iii) the pursuit of fierce competition with strict accountability. Mode of access: Internet Hasanov, Fuad. IMF Working Papers; Working Paper ; No. 2019/074 Full text available on IMF http://elibrary.imf.org/view/journals/001/2019/074/001.2019.issue-074-en.xml IMF e-Library