Industrial Policy Comes Out of the Cold
One of the best-kept economic secrets was strongly reconfirmed in 2010: most countries, intentionally or not, pursue industrial policy. And, as economies around the world struggle to maintain or restore growth in 2011, it is likely to be under a brighter spotlight than ever before.
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WASHINGTON, DC – One of the best-kept economic secrets was strongly reconfirmed in 2010: most countries, intentionally or not, pursue an industrial policy in one form or other. This is true not only of China, Singapore, France, and Brazil – countries usually associated with such policies – but also for the United Kingdom, Germany, Chile, and the United States, whose industrial policies are often less explicit.