He also could have been more consistent in his policy proposals. For example, this:
Second, industrial policy needs to rely on both carrots and sticks. Given its risks and the gap between its social and private benefits, innovation requires rents – returns above what competitive markets provide. That is why all countries have a patent system. But open-ended incentives have their own costs: they can raise consumer prices and bottle up resources in unproductive activities. That is why patents expire. The same principle needs to apply to all government efforts to spawn new industries. Government incentives need to be temporary and based on performance.
Doesn't line up with his discussion of subsidies and other more forceful examples of state aid in other countries and in other "development miracles". State-funded industry doesn't sound like a passive game of carrots and sticks; it sounds more like an active role of wealth redistribution. Also, there has been some interesting work done by Naomi Lamoreaux on the lack of necessity of secure private property rights in economic development.
The full article (definitely worth checking out) can be found here