Industrial policy in a new global reality
A new location- and sector-focused approach to drive structural transformation.
A new location- and sector-focused approach to drive structural transformation.
Evidence from the COVID-19 pandemic and the global financial crisis.
Demand-led industrial strategies can be highly effective, but need to be carefully designed and implemented to avoid possible pitfalls.
The region’s high labour and capital costs present a serious challenge to its competitiveness.
Policy actions and coordination will be crucial in mitigating the impacts of the global pandemic on industry.