05
Dec
Blog post | Governments across both advanced and emerging market economies have increasingly rolled out new support for targeted companies and industries over the past decade and a half.
Industrial policy, as it’s known, is used for a range of goals, including to boost productivity growth, protect manufacturing jobs, improve self-dependence and the resilience of supply chains, and develop “infant” industries to diversify the economy. In the energy sector, for example, some countries have used industrial policy to reduce dependence...