Institutions for Industrial Policy

2026

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AI-generated summary

1) This paper proposes an institutional architecture for successful industrial policy, drawing lessons from the Asian Miracles and advocating for a leading agency with specific "4A" features.
2) * Outlines a "hardware" institutional structure centered around a leading agency.
* Introduces a "software" 4A model (Ambition-Agency, Autonomy, Accountability, Adaptability) for effective policy implementation.
* Examines case studies of Taiwan's semiconductor industry and Korea's automotive industry to illustrate the framework.
3) Industrial policy, leading agency, institutional architecture, 4A model, Asian Miracles

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