Monday 17 June 2019

There is a role for Industrial Policy

Industrial policy has rightly had bad reputation for governments attempting to pick winners and failing and thus wasting large amounts of taxpayer dollars.

Two economists from the IMF no less attempt to resurrect industrial policy as something governments can and should do.

I have always favoured policies that facilitate the market mechanism ( a price on carbon is a good example) and they recommend something that is a variation on this theme.

I have it via Bra De Long on reda-cherif-and-fuad-hasanov-principles-of-industrial-policy-weekend-reading although it was originally at Vox wonk as I like to call it.

Very interesting reading.

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