The product space, sustainability, and GVC oriented industrial policies: The case of iron and steel in the SACU

IF 1.2 Q4 MANAGEMENT

Africa Journal of Management Pub Date : 2021-12-26 DOI:10.1080/23322373.2021.2001289

W. Bam, K. De Bruyne

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引用次数: 2

Abstract

This paper develops, and then applies, a holistic framework that supports industrial policy decision-making at the global value chain (GVC) level, with the aim of stimulating sustainable development in developing countries. Notwithstanding the importance of economic growth for development, industrial policy decision-makers are also concerned about social and environmental objectives when setting industrial policies. We develop a framework that allows for a trade-off between economic growth, social objectives, and environmental goals. We do so by building on the established product space literature, and its extensions, and applying it to the value chain level using the input-output product space approach. By including emerging environmental and green metrics, we manage to identify Pareto-optimal industry targets, taking the economic, environmental, and social objectives simultaneously into account. At the same time, expected required government investment is minimized. Finally, we apply our new framework to the specific case of iron and steel in the Southern African Customs Union, and draw lessons for future work from this example.

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产品空间、可持续性和以全球价值链为导向的产业政策:以中南合作联盟的钢铁为例

本文制定并应用了一个整体框架，支持全球价值链层面的产业政策决策，旨在刺激发展中国家的可持续发展。尽管经济增长对发展很重要，但产业政策决策者在制定产业政策时也关心社会和环境目标。我们制定了一个框架，允许在经济增长、社会目标和环境目标之间进行权衡。我们通过建立已建立的产品空间文献及其扩展，并使用投入产出产品空间方法将其应用于价值链层面来做到这一点。通过纳入新兴的环境和绿色指标，我们设法确定帕累托最优行业目标，同时考虑经济、环境和社会目标。与此同时，预期所需的政府投资被最小化。最后，我们将我们的新框架应用于南部非洲关税同盟钢铁的具体案例，并从这个例子中为未来的工作吸取教训。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Africa Journal of Management Business, Management and Accounting-Business and International Management

CiteScore

2.80

自引率

15.40%

发文量

期刊介绍： The beginning of the Twenty First Century has witnessed Africa’s rise and progress as one of the fastest growing and most promising regions of the world. At the same time, serious challenges remain. To sustain and speed up momentum, avoid reversal, and deal effectively with emerging challenges and opportunities, Africa needs better management scholarship, education and practice. The purpose of the Africa Journal of Management (AJOM) is to advance management theory, research, education, practice and service in Africa by promoting the production and dissemination of high quality and relevant manuscripts. AJOM is committed to publishing original, rigorous, scholarly empirical and theoretical research papers, which demonstrate clear understanding of the management literature and draw on Africa’s local indigenous knowledge, wisdom and current realities. As the first scholarly journal of the Africa Academy of Management (AFAM), AJOM gives voice to all those who are committed to advancing management scholarship, education and practice in or about Africa, for the benefit of all of Africa. AJOM welcomes manuscripts that develop, test, replicate or validate management theories, tools and methods with Africa as the starting point. The journal is open to a wide range of quality, evidence-based methodological approaches and methods that “link” “Western” management theories with Africa’s indigenous knowledge systems, methods and practice. We are particularly interested in manuscripts which address Africa’s most important development needs, challenges and opportunities as well as the big management questions of the day. We are interested in research papers which address issues of ethical conduct in different African settings.