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?
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.
Circularity can offer a backbone for public policy to support industrial development amidst existing environmental and social concerns.
The circular economy proposes a profoundly different model leading to growth and jobs without compromising the environment.
Automation and reshoring mitigate risks. Industrial policies aiming to reduce dependence on global supply chains could accelerate the trend.