Industrial policy comes out of the cold

  • Business Premium
  • Saturday, 01 Jan 2011

As global economies struggle to maintain or restore growth, industrial policy is likely to be under a brighter spotlight than ever before.

ONE of the best-kept economic secrets was strongly reconfirmed in 2010: most countries, intentionally or not, pursue an industrial policy in one form or other. This is true not only of China, Singapore, France, and Brazil countries usually associated with such policies but also for the United Kingdom, Germany, Chile and the United States, whose industrial policies are often less explicit.

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