Industrialization, industrial policy and economic growth: a theoretical discussion

Abstract

This article discusses the measures that should compose an active industrial policy and the importance of this because of the relevance of the performance of this sector to achieve economic growth. Initially it was realized a theoretical analysis of the relation of the industrial sector and the country's economic growth, based on Nicholas Kaldor ideas, and innovation for the competitiveness of this sector based on the Schumpeterian framework. Following it was discussed the importance of industrial policies, and therefore the role of the State in the economy, to strengthen, direct and accelerate the modernization and increase of the national industry competitiveness in order to meet both the domestic and export markets, and therefore should create mechanisms that enable them to compete on par with international companies. Work conclusion points the policies that should be adopted by the State as result in economic growth, which is one of the objectives of this in addition to a strong, competitive domestic industry, highlighting the need for requirements of counterparts and emphasis on staging of benefits granted the sector, to thereby achieve these goals more quickly and effectively.