Amidst slower global growth, a shifting labor market, and rising protectionism, governments around the world are increasingly turning to a once controversial policy. Industrial policy—the range of ...

China has long identified specific sectors as future engines of growth and recipients of expansive state subsidies. Despite charges of economy-wide imbalance, overcapacity, and, most recently, ...

Industrial policy has returned, shaped by the US–China rivalry, supply-chain disruptions and rising geopolitical risks. The new industrial policy differs from the old in its shifted locus and expanded ...

Industrial policy, essential for addressing market failures, encounters concerns regarding protecting inefficient firms. We advocate for competition-friendly industrial policies, underscoring the ...