Each of these is considered in turn. In the late twentieth century this type of intervention was frowned on in mainstream policy circles, although industrial policy remained in use in many of the more successful developing countries, such as China. Recently, however, there has been a revival of interest in industrial policies, with more analysts arguing for their usefulness and desirability (e.g. Lin and Monga, 2010, Lin, 2011, OECD, 2013). There is greater recognition that several developing countries have improved their capacity to design and implement industrial policies (te Velde et al.,