π’How to develop skills for inclusive structural transformation in developing countries?
From financing to training delivery, feasible reforms must be targeted & differentiated to crowd-in capable firms.
In our
@WorldDevJournal
paper we show how
Technically wrong, and uninventive: the mess we are in the UK is very, VERY British. It is the product of a certain British elite, full of classist arrogance, still deeply colonial in spirit, always rentieristic. It has nothing to do with pizza and spaghetti. OWN YOUR OWN MESS.
π’Big personal news: Thrilled to be joining fantastic
@SOASEconomics
as Professor in Development Economics from 1 Sept 2022! Thanks to my mentors, colleagues & co-authors who believed in me, my students who inspired me & practitioners who challenged me. Lots of work to be done!
π₯π£ NEWS! Our Department continues to grow and we are delighted that Antonio Andreoni
@AntoAndreoni
will come back to SOAS Economics as a Professor from September 2022. Congratulations Antonio, we look forward to working with you!
π’ We are hiring 6 Research Fellows/Postdocs
@SOAS
Come to work with Ha-Joon Chang and myself in our newly established Centre for Sustainable Structural Transformation (CSST)
@SOASEconomics
Apply:
Deadline: 6 Feb 2024
For more info: aa155
@soas
.ac.uk
What industrial policy for middle-income countries? Policies addressing triple challenges of "breaking into" global markets, "linking up" into GVCs while "linking back" to local production systems, and "keeping pace" with technological change & innovation
Reinventing capitalism towards equitable economic growth means eliminating value destruction caused by financialisation & supporting value creation through collective & cumulative innovation.
π£My new book with Tulum & Lazonick is out open access for
@CambridgeUP
@SOASEconomics
Not the first time industrial policy is resurrected - however resurrection often comes with mainstreaming and reframing of industrial policy as being simply about innovation and mere technical solutions to socio-political problems.
Thrilled to be joining
@MazzucatoM
@rainerkattel
& other brilliant colleagues at UCL Institute for Innovation and Public Purpose and honoured to take the role of
@IIPP_UCL
Head of Research. Great vibes for my first day. Look forward for this new journey!
We made it! Excited to share our new volume on Structural Transformation in South Africa - Available open access with
@OUPEconomics
. Thanks to all fantastic contributors and partners in this long journey
@IIPP_UCL
@CCRED_UJ
@SARChI_ID
π’New paper with
@softorreggiani
on impact of Chinese import penetration on South African manufacturing.
We find that firms investing in productive capabilities can better cope with competitive pressure. Too much blaming China, too little investments.
π£News: Honoured to be appointed as an
Editor of the Journal Competition & Change
@CompChange
is a great academic outlet [3.9 Impact factor] focusing on crucial themes including industrial policy, competition policy, financialisation, GVCs & many more
Luigi Pasinetti just passed away. I remember with gratitude conversations at
@clarehall_cam
and his support for the LdA scholarship that helped me pursuing my PhD
@Cambridge_Uni
. Unique clarity of mind, a towering structuralist economist. RIP.
My students get to know him via:
π’My new article
@SOASEconomics
@SARChI_ID
for
@DevandChg
reflects on two recent volumes to advance our understanding of the political economy of developmentalism under a regime of compressed development.
Available OPEN ACCESS here:
π’ 23 Feb 2024, 3-7PM
@SOAS
Join us for the launch of the new Centre for Sustainable Structural Transformation
@csst_soas
Ha-Joon Chang & I convened a research symposium on
Policies for Sustainable Structural Transformation
Great speakers line up:
Sadly, academic incentives work against people who are brave enough to cross into another disciplineβs territory. Career, funding and publishing structures reward research into small, narrow questions, when the world has big, complex problems.
π£ Be ready for a proper treat: Ha-Joon Chang's latest book 'Edible Economics' is a truly βοΈβοΈβοΈ Michelin Star dish for the intellect! Book of the week for
@BBCRadio4
and book launch at
@SOASEconomics
@SOAS
soon!!!
Israel to use excess Covid vaccines for international diplomacy - while Palestinians wait for aid shipments for their own supplies (Israel has sent fewer than 5,000 doses to the Palestinian Authority). Disgraceful. via
@FT
Ready for tomorrow Part II of my Paradigms in Economics Lecture for the
@IIPP_UCL
Master in Public Administration. Theories of the State, Market and Firm through the work of Keynes, Schumpeter, K. Galbraith, H. Simon, H-J Chang, W. Lazonick ( & some intelligent neoclassicals)
You are invited to a joint event on green industrial policy co-organised by
@SOASEconomics
and
@UNCTAD
I will be in conversation with Ha-Joon Chang, Fiona Tregenna,
@RasmusLema
& Clovis Freire
For more information:
Registration:
π’'Edible Economics' BOOK Launch with Ha-Joon Chang
@SOASEconomics
@SOAS
Thu, 27 October 2022, 17:00 β 18:30 BST
BGLT, Brunei Gallery SOAS Russell Square London WC1H 0XG
Register here - tickets will run out soon, get yours here:
A major achievement of 2021: my first 4 PhD students I started supervising at
@SOASEconomics
in 2016-7 have all successfully defended their PhD dissertations: Dr Guendalina Anzolin, Dr Sofia Torreggiani, Dr Julian Boys and Dr Olayinka Babalola... CONGRATULATIONS, I am very proud!
What are the missing dimensions of Sen' Human Capability Approach
@CapabilityApp
? Why "Collective and Productive Capabilities" matter for human development
@UNDP
? We address these questions in this joint paper with Ha-Joon Chang & Isabel Estevez
@IIPP_UCL
β° One week left to apply!
Come to work with me & Ha-Joon Chang at the new Centre for Sustainable Structural Transformation
@csst_soas
7 Postdocs
(x1)
(x6)
& 1 Manager
More info:
"Bringing Production Back into Development" - introductory article to the special issue co-edited with Ha-Joon Chang is out for The European Journal of Development Research
@EADI
! Soon all articles free access & details on launch of the special
@IIPP_UCL
π’My new paper
@thirdworldq
Industrial policy space is not simply shaped by what is legally permitted, but also by what is economic viable & political-institutional feasible in context.
Regional agreements like EAC both constrain & enable policy space.
π£ How to leverage critical minerals for sustainable industrialisation in Africa? My latest with S. Roberts for
@AfricanClimateF
looks at geopolitics of renewable energy supply chains & role of green industrial policy
@SOASEconomics
@CCRED_UJ
@SARChI_ID
Penrose Lectures 2023
@SOAS
, 25-26 October
Join us for two exciting lectures by William Lazonick, Emeritus Professor
@UMass
and Professorial Research Associate
@SOASEconomics
Edith Penrose at
@SOAS
:
Register:
π’My new paper introducing & testing idea of
Value Chain Directionality
National, Regional & Global VCs provide different trajectories/scope for upgrading
RVCs are βlearning groundsβ, with NVCs have more backward linkages
GVCs allow for rapid jobs creation & product upgrading
Ready for my lecture - talking about local production system development in Africa & industrial policy - why Hirschman got it, why linkages & skills development is about production & politics (all with incursions in sugar, rice, mining, textile & more)
A
@SOAS
delegation is in South Africa
@thensgZA
to relaunch our longstanding collaboration with government & stakeholders on industrial policy & macroeconomic policy fit for sustainable structural transformation.
Ha-Joon Chang giving a Masterclass on South Africa at Crossroads.
"What better ways to break down [intellectual] silos than having good food and nice drinks with people who dared to be different?"
Ha-Joon Chang
@SOASEconomics
Ha-Joon Changβs fantasy dinner party - via
@FT
Today for Rethinking Capitalism at
@IIPP_UCL
: a great lecture by
@EricBeinhocker
on the break-down of current system. What happened to profits? Why were not reinvested? Financialisation breaks the post-world social contract between labour & management (see Lazonick
@theAIRnet
)
π’My last piece with
@UNIDO
colleagues focusing on how industrialisation strengthens food security and how industrial policy shall be used to restructure food value chains and markets towards more sustainable, inclusive and competitive outcomes.
π’Robotisation is far more complex than replacing labour with capital & firms do robotise differently!
We show how robotisation in automotive is driven by firm-specific, shop floor level, technological & organisational factors, & interdependent choices.
Bringing Production back into Development - The special issue I co-edited with Ha-Joon Chang is now out for European Journal of Development Research
@EADI
- Thanks to contributors, editors & readers! A special launch event soon with
@spencerhenson
@JRdk22
Honoured to have contributed to this new Palgrave Handbook on Development Economics edited by Machiko Nissanke and Jose Antonio Ocampo, including great scholars and some friends. A great new teaching resource! The link to my new chapter with Ha-Joon Chang.
What is really 'revolutionary' in the Fourth Industrial Revolution? My new paper
@IIPP_UCL
with Ha-Joon Chang &
@LabrunieMateus
focusing on breadth of 'technology fusion', opportunities & challenges nested within and across sectors for developing countries
Manu-facturing...literally! 94 Ravioli di ricotta. On-the-kitchen training morning at home, lots of tacit knowledge to get from mum, plus IMPERIA old pasta machine π
My latest article with Fiona Tregenna
@go2UJ
on the changing nature of deindustrialisation and the importance of understanding structural heterogeneity within manufacturing.
This is a unique opportunity to enrol in a joint
@SOASEconomics
@WitsUniversity
PhD programme.
The first of its kind, with special reduced fees.
I will be co-supervising students interested in working on the nexus between financialisation and structural transformation in Africa
π’ We are pleased to announce the opening of the SOAS-Wits Joint MPhil/PhD programme in heterodox economics and political economy with a focus on Africa.
We seek applications on 4 research projects. Deadline to apply 15 June 2023.
Join us
@SOAS
for the Penrose Lectures!
Bill Lazonick has contributed seminal work on the theory of innovative enterprise & financialisation.
A treat to hear how Edith Penrose - one of the founders of
@SOASEconomics
- embarrasses Paul Samuelson & exposes Milton Friedman
π£ New paper on 'Financialisation of Non-Financial Corporations in South Africa' - we
@S_vanHuellen
@NishalRobb
advance a new micro-meso-macro integrated framework and apply it to 3 firm case studies - MTN (telecom), Sasol (chemicals) & Shoprite (retail).
Join me and Ha-Joon Chang to work
@csst_soas
@SOASEconomics
@SOAS
Apply here (Deadline 4 June):
Postdoctoral position in African Venture Capital
Postdoctoral positions (x3) on Sustainable Structural Transformation in Africa
Thrilled to be asked to become one of the Editors of the European Journal of Development Research
@Palgrave
! Great to join such a distinguished editorial board and an inspiring community of development scholars
@EADI
. Look forward to your contributions!
What is driving robotisation? In this NEW paper we look at automotive value chain & find that foreign direct investments are not sufficient for robotisation, productive capabilities in local ecosystem are key for digital tech adoption
@IIPP_UCL
@SARChI_ID
How to Talk about Economics (with Non-Economists) with Ha-Joon Chang
An interactive workshop for
@SOASEconomics
students
27 April 5-7 PM Room: RG01
@SOAS
Brunei Gallery
Greatly proud to see my brilliant PhD student
@javi_petersen
taking on such an important responsibility in the new Chilean Government and spending herself for a truly transformative productive agenda. π
Muchas gracias por la confianza, Presidente
@gabrielboric
! Feliz de poder contribuir a este desafΓo colectivo junto a
@nico_grau
. Trabajaremos por una agenda que ponga la dimensiΓ³n productiva y de futuro al centro del debate de un desarrollo sostenible y feminista. Seguimos! β
Nice to find out - thanks to one of my students - that my article with Ha-Joon Chang 'Industrial Policy in the 21st Century' published last year in
@DevandChg
got some traction. The most cited over the last 2 years. Thanks! Comments still welcome
"Students from lower socio-economic backgrounds, regardless of gender or ethnicity, are less likely to be awarded a good degree in economics".
This is a problem for Economics. We need more economists who are organic to the social challenges of our time.
Honoured to see my 2014 paper 'Structural learning: Embedding discoveries and the dynamics of production' selected for the
@SCEDjournal
ANNIVERSARY COLLECTION 30 PAPERS IN 30 YEARS (OPEN access) Thanks to the editors
@ddcoffman
@Zhifumi
& Roberto Scazzieri
The special issue I co-edited with Ha-Joon Chang and Roberto Scazzieri 'Frontiers of Industrial Policy: Structures, Institutions and Policies' among most read in Structural Change and Economic Dynamics
Come and work with us! π€
IIPP is recruiting a Research Fellow to work with the Mission-Oriented Innovation Network (MOIN USA) team, developing a research agenda and academic network.
Apply by 11 March!
That's in Abruzzo, the region I come from in the South of Italy! Sheeps migrating along ridges of mountains called Appenins. Agriculture is a forgotten KEY ROOT of Italian cultural richness, natural beauty, regional diversity, people resilience & driver of social mobility
Today Ha-Joon Chang
@IIPP_UCL
@BartlettUCL
for our Rethinking Capitalism Module with a Lecture on "Institutions of Global Governance" - 90 students and policy makers discussing the need for a new global order to address global challenges
'This critically important book is essential reading for anyone concerned with viable corporate governance models that are alternatives to destructive forms of financialized capitalism.'
Jayati Ghosh,
@Jayati1609
@UMassEcon
@SOASEconomics
We are presenting our
@S_vanHuellen
@NishalRobb
new framework and research on financialisation of non-financial corporations in middle income countries, with a focus on South African corporations Sasol, Shopright and more
@SASE_Meeting
Can industrial policy achieve
#RealEconomicTransformation
? Join us on 21 Sept 3-4pm SAST for book launch "Structural Transformation in South Africa" (open access: ). Keynote: Hon Minister Enoch Godongwana, National Treasury. Link:
Join us for this exciting event:
Will be delivering a keynote for the International Conference on Industrial Policy 2023 titled: βAdvancing Industrial Policy in the Era of Strategic Competitionβ
Registration here:
Indeed, socialists and progressives should see industrial policy as central to an inclusive and sustainable social contract. Great piece by
@JWMason1
on a crucial debate!
Economics for People - Forthcoming INET Lecture Series led by Ha-Joon Chang with contributions from myself on robots, production, innovative enterprises and finance and Jonathan Aldred on environmental sustainability!
Register for the SOAS 65 Years Conference! I will be charing a conversation with Ha-Joon Chang,
@HazelSophiaGray
and Nobuya Haraguchi (
@UNIDO
) on industrial development and policy across Asia and Africa, and the transformative role of
#digitalisation
!
My last paper on 'The Shifting Terrain of the Industrial and Digital Industrial Policy' alongside a great team of colleagues and friends for the new Oxford Handbook of Industrial Policy
This IS the problem: vast majority of economists have no clue about PRODUCTION. Neoclassical cannot see even the point, for many others is too micro, context specific, & labour intensive to study. Test: how many have visited - not read about - a factory in their research life?
Honoured to be asked to join the Editorial Board of Economia Politica Journal of Analytical and Institutional Economics published by Springer. Rigorous and Relevant Scholarship welcome!
π’π’π’
@SOASEconomics
is hiring!
Join our unique, dynamic & diverse department:
we are looking for a real-world economist with a strong track-record and potential to deepen & expand our research agenda, our global impact and innovative teaching.
Back to our
@IIPP_UCL
Research Seminar - Join me,
@beakira
&
@rainerkattel
to discuss "Competition without borders? International governance of the digital markets' competition" | 2 Feb, 5PM on Zoom - Link Registration:
Transforming production: how developing countries can digitalize - My latest blog
@IIPP_UCL
with Ha-Joon Chang and
@LabrunieMateus
for
@UNIDO
:
#iap
# industrialanalytics
Background papers to this excellent
@UNIDO
report will be all published soon. I learned a lot in the process which led to this report and research cases I analysed, including Brazil, South Africa and Vietnam
.
@UNIDO
βs Industrial Development Report 2022 highlights the centrality of the industrial sector to the global recovery from covid-19
Industrial capabilities explain the pandemicβs varying socio-economic impacts across regions, industries & firms 𧡠1/