Getting Industrial Policy Right
At a time of lackluster global economic growth, developing countries are dusting off some old strategies – particularly the use of industrial policy to drive the development of particular sectors and turn them into engines of growth and employment. But the history of such policies is filled with failure and cautionary tales.
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DAVOS – At a time of lackluster global economic growth, developing countries are dusting off some old strategies – particularly the use of industrial policy to drive the development of particular sectors and turn them into engines of growth and employment. But the history of such policies, particularly in Latin America and the Caribbean, is filled with failure and cautionary tales.