Special Issue on Industrial Policy and Trade Policy in the Evolving New Global Order

Industrial policy is once again a policy debate in the 21st century, although its contours, orientation, and considerations are significantly different from those of previous eras. The new wave of industrial policy has been shaped by several developments, such as the United States-China trade and technology war, Brexit, economic downturns arising from the COVID-19 pandemic, geopolitical competition, Russia-Ukraine-led global supply chain disruptions, and economic nationalism. In view of these developments, governments worldwide are pursuing industrial policies to make their global supply chains much more resilient. The United States has undertaken industrial policy measures such as the Inflation Reduction Act and the Chip Act. Likewise, India has also introduced the production-linked incentives (PLI) scheme which focuses on building domestic manufacturing capabilities. The widespread use of industrial policy instruments in developed and developing countries raises an important question: Is there a case of industrial policy in the current global economic and geopolitical flux? Meanwhile the nature of globalization is changing due to global pandemic and geopolitical tensions. This has also created the potential risk of undermining the global trade governance structure which has significantly contributed to global growth and prosperity.
Further, it is also important to understand how different industrial policy measures and, more specifically, trade policy instruments are reconfiguring GVCs/GSCs and making them more 'resilience' or 'fragile.

Also, a very little is known how initiatives such as the Indo-Pacific Economic Framework (IPEF) and mega-regional trade agreements, such as the Regional Comprehensive Economic Partnership Agreement (RCEP), Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and national-level policies are restructuring GVCs and GSCs.

Special Issue and thematic Areas

The main objective of this special issue is to gather academic and policy-oriented intellectual underpinnings on how industrial and trade policies are transforming the configuration of GVCs/GSCs and their potential ramifications in the global economic system.

Key thematic areas for paper submission include:

- industrial policy and trade policy

- new industrial policies and geopolitical rivalries

- GVCs oriented industrial policies

- multinational corporations and GVC strategies

- global supply chain resilience and industrial policy

- production linked incentives under Self Reliant India

- industrial policy and trade policy coherence

- industrial policy led GVC restructuring

- green industrial policies and GVCs ramifications

- IPEF, CPTPP and RCEP led GVC reconfiguration

- global supply chains and diversification strategies

- competing or complementary industrial policies

Submissions (Theoretical/empirical/policy-oriented papers) are welcome on the abovementioned topics but not necessarily limited to the above topics. Please feel free to contact in case of any query at drsurendarsingh@gmail.com.

Manuscript Submission Information:

Authors are requested to submit their original and unpublished works to this Special Issue. The Journal has a rigorous peer-reviewing process and at least two referees will review the submitted papers. All submitted papers must be formatted according to the journal's instructions, which can be found at: https://www.springer.com/journal/40847/submission-guidelines.

Please submit your manuscript through the Journal's homepage at https://www.springer.com/journal/40847.

To ensure a paper is considered for the Special Issue, reply "yes" when asked during submission whether it is intended for a special issue and select "Special Issue on Industrial Policy and Trade Policy in the Evolving New Global Order" from the drop-down menu.

Important Dates

Manuscript submission deadline: 1 April 2024

First round reviews and decision: 1 July 2024

Revision Submission due: 1 October 2024

Publication date: December 2024