structuralindustrial
Structural industrial refers to a developmental approach that seeks to reshape an economy by targeting specific industries through coordinated public and private policies. It emphasizes the planning of industrial clusters, infrastructure provision, and support for technological upgrading, with the aim of building comparative advantages and promoting sustained growth. Unlike the single‑industrial or export‑driven models, structural industrialism aims for balanced development across multiple sectors while fostering structural transformation.
The concept emerged in the mid‑20th century as a response to the failure of liberal market economies
Key elements of a successful structural industrial policy include the identification of “segmented” or “dwelling” industries
Examples of modern applications can be seen in China’s “Made in China 2025,” India’s “Make in India,”
Critics argue that structural industrialism can lead to misallocation of resources, overdependence on state support, and