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.
Identifying and leveraging trade, investment and industrial policies that can attract and retain intangible capital.
Effective place-based policies need to deliver desired spatial economic cohesion while minimizing resource waste and secondary distortions.
Policy reforms need to address low financial returns which hamper the contribution of FDI to sustainable development.
Automation and reshoring mitigate risks. Industrial policies aiming to reduce dependence on global supply chains could accelerate the trend.