The return of the visible hand: social dialogue and the making of 21st-century industrial policy
Fuente:
Organización Internacional del Trabajo (OIT)
Saved in:
| Main Authors: | , , |
|---|---|
| Format: | Entrada de enciclopedia |
| Published: |
International Labour Organization
2025
|
| Online Access: | |
| Tags: |
Add Tag
No Tags, Be the first to tag this record!
|
| _version_ | 1874524915950944256 |
|---|---|
| author | Duncan Campbell (Author) Kee Beom Kim (Author) Ted Clayton (Author) |
| author_facet | Duncan Campbell (Author) Kee Beom Kim (Author) Ted Clayton (Author) Duncan Campbell (Author) Kee Beom Kim (Author) Ted Clayton (Author) |
| contents | The return of the visible hand: social dialogue and the making of 21st-century industrial policy Duncan Campbell (Author) Kee Beom Kim (Author) Ted Clayton (Author) Industrial policy has returned amid geopolitical rivalry, supply-chain fragility, and contemporary grand transitions, but its performance hinges less on ideology than on governance and design. By examining three comparative cases (Germany, Republic of Korea, South Africa), this paper argues that structured social dialogue improves targeting, monitoring, and legitimacy. The mechanism reduces information asymmetries, aligns incentives via reciprocal accountability, and anchors commitments beyond political cycles, reducing capture and execution risk. For these potentials to be realized several conditions are crucial: institutional permanence; social partners that possess both capacity and legitimacy: and patient and pragmatic engagement by stakeholder ILO working paper, 153, ILO 10.54394/SIMS1312 DOI https://doi.org/10.54394/SIMS1312; ISBN 9789220428573 publication.encyclopediaEntry |
| format | Entrada de enciclopedia |
| id | ilo_995675964802676 |
| institution | Organización Internacional del Trabajo (OIT) |
| publishDate | 2025 |
| publisher | International Labour Organization |
| spellingShingle | The return of the visible hand: social dialogue and the making of 21st-century industrial policy Duncan Campbell (Author) Kee Beom Kim (Author) Ted Clayton (Author) The return of the visible hand: social dialogue and the making of 21st-century industrial policy Duncan Campbell (Author) Kee Beom Kim (Author) Ted Clayton (Author) Industrial policy has returned amid geopolitical rivalry, supply-chain fragility, and contemporary grand transitions, but its performance hinges less on ideology than on governance and design. By examining three comparative cases (Germany, Republic of Korea, South Africa), this paper argues that structured social dialogue improves targeting, monitoring, and legitimacy. The mechanism reduces information asymmetries, aligns incentives via reciprocal accountability, and anchors commitments beyond political cycles, reducing capture and execution risk. For these potentials to be realized several conditions are crucial: institutional permanence; social partners that possess both capacity and legitimacy: and patient and pragmatic engagement by stakeholder ILO working paper, 153, ILO 10.54394/SIMS1312 DOI https://doi.org/10.54394/SIMS1312; ISBN 9789220428573 publication.encyclopediaEntry |
| title | The return of the visible hand: social dialogue and the making of 21st-century industrial policy |
| url | https://researchrepository.ilo.org/esploro/outputs/encyclopediaEntry/The-return-of-the-visible-hand/995675964802676 |