There are less doubts recently about picking the winners approach. Still the qestion is how to pick the right winners and whether the winners the ends or the means of industrial policy. In this context is might be important to consider to issues:

1. Successful "picking the winners" is not just about selecting priority industris, but about the scope of broad spill-over effects (aggregate demand, technological innovations, employment, spatial development, etc.) these 'appoined winners' could generate for other sectors. See for instance http://www.cer.uz/en/publications/1889

2. In case of South Korea which is rightly considered as a success story, the 'winners' were not the ultimate goal of the industrial policy. Those were the means. The development goals were much more ambitious and comprehensive, they were integrating - holisticly and coherently - much more complex issues of both economic, social, institutional and spatial transfromations in economy, society, and state.

See also Looking beyond the horizon: guidelines and best practices in formulating national visions at http://www.cer.uz/en/publications/2200





