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.
What are the opportunities for the Global South?
Left unaddressed, power asymmetries in the world economy can negatively impact industrialization in the Global South.
Green hydrogen holds the key to decarbonization and can act as a catalyst for industrial development.
Effective place-based policies need to deliver desired spatial economic cohesion while minimizing resource waste and secondary distortions.
The pandemic is causing massive disruptions to flows of foreign direct investments. Developing countries are likely to be hit the hardest.
Automation and reshoring mitigate risks. Industrial policies aiming to reduce dependence on global supply chains could accelerate the trend.