Trends in Global Industrial Policy
A novel approach to policy classification yields new insights.
A novel approach to policy classification yields new insights.
Countries must rethink innovation and investment policy measures to enable long-term sustainability.
Left unaddressed, power asymmetries in the world economy can negatively impact industrialization in the Global South.
Integration of manufacturing firms in global value chains offers opportunities for countries to raise employment, exports and productivity.
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.