Knowledge for Development Program and Growth and Employment Thematic Group Presented: Fundación Chile and GlobalScot (Scottish Enterprise) as Examples of New Industrial Policy and their Implications for Bank’s Operations June 13, 2005 Description New industrial policy -- a set of interventions which is distinct from the ‘old’ functional/ horizontal industrial policy of the 1980s and 1990s, yet capable of avoiding familiar old pitfalls of ‘picking winners’ -- is becoming a subject of policy debate and experimentation. The first part of the session examined in detail two case studies of new industrial policy organizations presented by senior staff of these organizations: Fundación Chile (which promotes innovation clusters) and GlobalScot (which promotes expatriate innovation networks to benefit Scotland). The second part of the session discussed what new industrial policy means from managerial and governance perspectives, and what it can and cannot do. There was a discussion of what it may mean for the Bank’s operations, particularly in sophisticated middle-income economies which are increasingly doing less business with the Bank (countries such as South Africa, Russia, Chile or Mexico ). For the detailed agenda, please click here. (PDF, 14Kb) Presentations  New Industrial Policy: Solving Economic Development Problems without Picking Winners. Yevgeny Kuznetsov, World bank Institute, Charles Sabel, Columbia University. (PDF, 119Kb)
Fundacion Chile: 29 years Innovating. Maria Olivia Recart, Director of Development, Fundación Chile. (PDF, 1.97Mb) GlobalScot: Building Networks as Economic Development Interventions. Mairi MacRae, Head of GlobalScot, Scottish Enterprise. (PDF, 798Kb) Papers Fundación Chile: 29 years Fostering Innovative Business Development In Key Chilean Clusters. Draft for discussion, prepared by Fundación Chile staff. (PDF, 519Kb) GlobalScot: Translational Search Networks to Leverage Scottish Talent Abroad. Draft for discussion, prepared by Mairi MacRae and Martin Wight. (PDF, 257Kb) 
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