Industrial policy has recently seen a renewed interest at both the political and the theoretical level, and has been much debated. This paper argues that an important research issue to address now is what industrial policy should be implemented, namely what set of instruments are to be applied...

Contents: Part I: Impact of industry 4.0 on manufacturing -- 1. The role of manufacturing versus that services in economic development / Jostein Hauge and Ha-Joon Chang -- 2. The "lightness" of industry 4.0 lead firms: Implications for global value chains / Lukas Brun, Gary Gereffi and James...