SOAS University of London

Department of Economics

Dr Antonio Andreoni

BSc (Bologna), MSc (Bologna), MPhil (Cantab), PhD (Cantab)
  • Research
  • Publications


Antonio Andreoni
Department of Economics

Research Associate

Dr Antonio Andreoni
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Antonio Andreoni is Associate Professor of Industrial Economics at University College London (UCL), and Head of Research at the UCL Institute for Innovation & Public Purpose (IIPP). Antonio is an industrial economist working on productive organisations and industrial ecosystem; technological change and innovation dynamics; structural change and diversification; financialisation and corporate governance; role of the state and industrial policy.

Antonio is also Visiting Associate Professor in the Fourth Industrial Revolution, South African Research Chair in Industrial Development, University of Johannesburg; Member of the Initiative for Policy Dialogue (IPD) led by Joseph Stiglitz at Columbia University; Member of the Babbage Forum at Cambridge University; Member of Reteaching Economics UK; and Life Member of Clare Hall, Cambridge. Dr Andreoni is Associate Editor of L’Industria – Review of Industrial Economics and Policy, an academic journal founded in 1881 in Milan.

For over a decade Antonio collaborated and advised international organisations and governments including the World Bank, OECD, DFID, GIZ, UNIDO, UNCTAD, ILO, UNDP, UN DESA and UN ECA. He also advised governments in industrial policymaking in South Africa, Tanzania, Uganda, Finland and the UK. He served in several advisory boards including the OECD Expert Group on the Evaluation of Industrial Policy; the World Bank Mobilizing Local Knowledge to Improve Competitiveness Strategies Programme; the EU Advisory Board for RIS3 Support to Lagging Regions Working Group; and the UK Business Integrity Initiative.

Before joining UCL, Dr Andreoni was Senior Lecturer in Economics at SOAS University of London.


Antonio Andreoni's research is centred on a vision of value creation, capture and distribution dynamics across different sectoral, institutional and local contexts. Specifically, he has been investigating how these complex economic dynamics are structurally shaped by the changing relationships within and across productive organisations and governments. He has been questioning and investigating how technological and organisational innovation within business enterprises and governments, but also diversification dynamics in industrial ecosystems, are key drivers of value creation. Antonio has also looked at how financialisation, rents capture and corruption processes destroy the productive fabric of the society, ultimately closing the door to sustainable development pathways.

His research has given particular emphasis to the entrepreneurial role of the state – both at the national and regional levels – in creating and shaping the boundaries of the market, managing conflicts and transitions, and driving innovative structural transformation through industrial policy. Continuous engagement with business enterprises and industries, public institutions and policy work across mature industrial economies (Italy and UK), emerging economies (South Africa and Brazil) and fast growing least developed countries (Tanzania and Ethiopia) has enriched his comparative political economy understanding of economic structures, agencies and dynamics. He has also developed sectoral expertise in medical device, pharmaceuticals, automotive, aerospace, packaging machinery, mining equipment, automation and robotics, energy sector.



Authored Books

Andreoni, Antonio and Sassatelli, Marco and Vichi, Giulia (2013) Nuovi Bisogni Finanziari: La Risposta del Microcredito in Italia. Bologna: Il Mulino.

Andreoni, Antonio and Pelligra, Vittorio (2009) Microfinanza. Dare Credito alle Relazioni.. Bologna: Il Mulino.


Andreoni, Antonio (2022) 'Compressed Development and the Political Economy of Developmentalism'. Development and Change. [Forthcoming]

Chang, Ha-Joon and Andreoni, Antonio (2020) 'Industrial Policy in the 21st Century'. Development and Change, (51) 2, pp 324-351.

Andreoni, Antonio and Chang, Ha-Joon (2019) 'The Political Economy of Industrial Policy: Structural Interdependencies, Policy Alignment and Conflict Management'. Structural Change and Economic Dynamics, (48), pp 136-150.

Andreoni, Antonio and Chang, Ha-Joon and Scazzieri, Roberto (2019) 'Industrial policy in context: building blocks for an integrated and comparative political economy agenda'. Structural Change and Economic Dynamics, (48), pp 1-6.

Andreoni, Antonio and Chang, Ha-Joon and Konzelmann, Sue and Shipman, Alan (2018) 'Introducton to the Special Issue: Towards a production-centred agenda'. Cambridge Journal of Economics, (42) 6, pp 1495-1504.

Andreoni, Antonio (2018) 'The Architecture and Dynamics of Industrial Ecosystems: Diversification and Innovative Industrial Renewal in Emilia Romagna'. Cambridge Journal of Economics, (42) 6, pp 1613-1642.

Andreoni, Antonio and Frattini, Federico and Prodi, Giorgio (2017) 'Structural cycles and industrial policy alignment: the private–public nexus in the Emilian Packaging Valley'. Cambridge Journal of Economics, (43) 3, pp 881-904.

Andreoni, Antonio and Chang, Ha-Joon (2017) 'Bringing production and employment back into development: Alice Amsden’s legacy for a new developmentalist agenda'. Cambridge Journal of Regions, Economy and Society, (10) 1, pp 173-187.

Andreoni, Antonio (2017) 'Strategies for Emerging Technologies and Strategic Sectors: Evidence from OECD countries and some critical reflections on the Italian case'. L’industria, (XXXVII) 1, pp 3-14.

Andreoni, Antonio and Chang, Ha-Joon (2016) 'Industrial policy and the future of manufacturing'. Economia e Politica Industriale, (43) 4, pp 491-502.

Nerini, Francesco Fuso and Andreoni, Antonio and Bauner, David and Howells, Mark (2016) 'Powering production. The case of the sisal fibre production in the Tanga region, Tanzania'. Energy Policy, (98), pp 544-556.

Andreoni, Antonio and Scazzieri, Roberto (2014) 'Triggers of change: structural trajectories and production dynamics'. Cambridge Journal of Economics, (38) 6, pp 1391-1408.

Andreoni, Antonio (2014) 'Structural Learning: Embedding discoveries and the dynamics of production'. Structural Change and Economic Dynamics, (29), pp 58-74.

Torres, Raymond and Chang, Ha-Joon and Andreoni, Antonio and Kapsos, Steven and Lee, Eddy and Nübler, Irmgard and Fino, Marialaura and Kuan, Ming Leong and Latsos, Sophia and Sexton, Daniel (2014) 'Productive transformation, decent work and development'. World of Work Report, (2014) 1, pp 63-84.

Andreoni, Antonio and Gregory, Mike (2013) 'Why and How Does Manufacturing Still Matter: Old Rationales, New Realities'. Revue d'Economie Industrielle, (144) 4, pp 17-54.

Andreoni, Antonio (2013) 'Rethinking Microfinance: Towards relational credit practices for sustainability'. Rivista di Studi sulla Sostenibilita', (1), pp 181-190.

O'Sullivan, Eoin and Andreoni, Antonio and Lopez-Gomez, Carlos and Gregory, Mike (2013) 'What is new in the new industrial policy? A manufacturing systems perspective'. Oxford Review of Economic Policy, (29) 2, pp 432-462.

Andreoni, Antonio (2011) 'The technology of microcredit. State of the art and prospects of development in Italy'. Bancaria, (2).

Edited Books or Journals

Chang, Ha-Joon and Andreoni, Antonio, (eds.), (2021) Bringing Production Back into Development. Basingstoke: Palgrave Macmillan. (Special issue of the European Journal of Development Research, v.33,n2).

Andreoni, Antonio and Chang, Ha-Joon and Scazzieri, Roberto, (eds.), (2019) Frontiers of Industrial Policy: Structures, Institutions and Policies. Amsterdam: Elsevier. (Special Issue of Structural Change and Economic Dynamics, Volume 48, Pages 1-150).

Andreoni, Antonio and Chang, Ha-Joon and Konzelmann, Sue and Shipman, Alan, (eds.), (2018) The Dynamics of Industrial and Economic Renewal in Mature Industrial Economies: Implications for Theory and Policy. Oxford: Oxford University Press. (Special Issue of the Cambridge Journal of Economics, Volume 42, Issue 6, pp. 1495-1704).

Book Chapters

Andreoni, Antonio and Robb, Nishal and van Huellen, Sophie (2021) 'Profitability without investment: how financialization undermines structural transformation in South Africa'. In: Andreoni, Antonio and Mondliwa, Pamela and Roberts, Simon and Tregenna, Fiona, (eds.), Structural Transformation in South Africa: The Challenges of Inclusive Industrial Development in a Middle-Income Country. Oxford: Oxford University Press.

Andreoni, Antonio and Lazonick, William (2020) 'Local Ecosystems and Social Conditions of Innovative Enterprise'. In: Lin, Justin Yifu and Oqubay, Arkebe, (eds.), The Oxford Handbook of Industrial Hubs and Economic Development. Oxford, UK: Oxford University Press.

Chang, Ha-Joon and Andreoni, Antonio (2019) 'Institutions and the Process of Industrialisation: Towards a Theory of Social Capability Development'. In: Nissanke, Machiko and Ocampo, José Antonio, (eds.), The Palgrave Handbook of Development Economics: Critical Reflections on Globalization and Development. Cham, Switzerland: Palgrave Macmillan, pp 409-439.

Andreoni, Antonio (2019) 'A Generalised Linkage Approach to Local Production Systems Development in the Era of Global Value Chains, with special reference to Africa'. In: Kanbur, Ravi and Noman, Akbar and Stiglitz, Joseph, (eds.), The Quality of Growth in Africa. New York, USA: Columbia University Press.

Andreoni, Antonio and Chang, Ha-Joon and Estevez, Isabel (2019) 'New Global Rules, Policy Space and Quality of Growth in Africa'. In: Kanbur, Ravi and Noman, Akbar and Stiglitz, Joseph, (eds.), The Quality of Growth in Africa. New York, USA: Columbia University Press.

Andreoni, Antonio (2017) 'Development as Production Transformation'. In: Lepenies, P. and Sondermann, E., (eds.), From the MDG to the SDG:  Stocktaking and Prospects of the Post-2015 Process [Translated from German]. Baden-Baden: Nomos, pp 81-104.

Andreoni, Antonio (2016) 'Varieties of Industrial Policy: Models, Packages and Transformation Cycles'. In: Noman, Akbar and Stiglitz, Joseph, (eds.), Efficiency, Finance and Varieties of Industrial Policy: Guiding Resources, Learning, and Technology for Sustained Growth. New York, USA: Columbia University Press, pp 245-305.

Andreoni, Antonio (2015) 'Struttura e dinamiche dell’innovazione dei sistemi manifatturieri moderni: un quadro di analisi e di politica industriale per l’Italia'. In: Quadrio Curzio, Alberto and Fortis, Marco, (eds.), Il ruolo strategico del sistema metalmeccanico italiano. Dai metalli alla meccatronica. Bologno: Il Mulino.

Andreoni, Antonio (2015) 'On Manufacturing Development under Resources Constraints'. In: Baranzini, Mauro and Rotondi, Claudia and Scazzieri, Roberto, (eds.), Resources, Production and Structural Dynamics. Cambridge, UK: Cambridge University Press, pp 407-424.

Andreoni, Antonio (2015) 'The Political Economy of Industrial Policy: After the Crisis, Back on the Agenda'. In: Mattei, Ugo and Haskell, John, (eds.), Research Handbook on Political Economy and Law. Cheltenham, UK: Edward Elgar, pp 342-370.

Chang, Ha-Joon and Andreoni, Antonio (2014) 'Rebuilding the UK Industrial Base'. In: Umunna, Chuka, (ed.), Owning the Future: How Britain can make it in a fast-changing world. London, UK: Policy Network, pp 103-112.

Andreoni, Antonio (2013) 'Microfinance'. In: Bruni, Luigino and Zamagni, Stefano, (eds.), Handbook of the Economics of Philanthropy, Reciprocity and Social Enterprise. Cheltenham, UK: Edward Elgar, pp 227-327.

Monographs and Working Papers

Boys, Julian and Andreoni, Antonio (2020) Value chain directionality, upgrading, and industrial policy in the Tanzanian textile and apparel sectors. Helsinki: UNU-WIDER ReCom–Foreign Aid: Research and Communication.

Khan, Mushtaq and Andreoni, Antonio and Roy, Pallavi (2019) Illicit Financial Flows: theory and measurement challenges. London: SOAS Anti-Corruption Evidence (ACE) Research Consortium, Working Paper no. 10.

Andreoni, Antonio (2018) Skilling Tanzania: improving financing, governance and outputs of the skills development sector. SOAS University of London: Anti-Corruption Evidence (ACE) Research Consortium Working Paper 06.

Andreoni, Antonio and Tregenna, Fiona (2018) Stuck in the Middle: Premature Deindustrialisation and Industrial Policy. CCRED Working Paper N. 11/2018.

Andreoni, Antonio (2017) Anti-Corruption in Tanzania: A political settlements analysis. London: SOAS Anti-Corruption Evidence (ACE) Research Consortium, Working Paper no.1.

Andreoni, Antonio (2017) Mapping Industrial Production in Tanzania: A Disaggregated Analysis Based on the 2013 Mainland Census. UNIDO Working paper series No. 12/2017.

Khan, Mushtaq and Andreoni, Antonio and Roy, Pallavi (2016) Anti-Corruption in Adverse Contexts: A Strategic Approach. London: SOAS. [Unpublished]

Andreoni, Antonio and Upadhyaya, Shyam (2014) Growth and distribution pattern of the world manufacturing output: a statistical profile. UNIDO Working paper series, No. 02-14.

Andreoni, Antonio (2013) The Industrial Competitiveness of Nations – Looking back, forging ahead. Vienna: UNIDO.

Chang, Ha-Joon and Andreoni, Antonio and Kuan, Ming Leong (2013) International industrial policy experiences and the lessons for the UK. London: UK Government Office for Science.

Andreoni, Antonio (2011) Productive Capabilities Indicators for Industrial Policy Design. UNIDO Working paper series, No. 17-11.

Andreoni, Antonio (2011) Manufacturing Agrarian Change. Agricultural production, inter-sectoral learning and technological capabilities. DRUID Working paper series No. 11-13.

Book Reviews

Andreoni, Antonio (2017) 'Review of: Sustainable Innovation and Regional Development. Rethinking Innovative Milieus by Leila Kebir. Cheltenham: Edward Elgar, 2016.'. Economic Issues, (22) 2, pp 121-122.


This list was last generated on Saturday, 1st October 2022, 21:14 Europe/London.