Evelyn Dietsche, development economist and public policy analyst, discusses modern industrial policies.
While past approaches to industrial policy have been associated with fiscal crises and rent seeking, development economists have renewed interest in industrial policy, recognizing development is not about specialization as much as it is about structural transformation and diversification of economies.
The modern industrial policy approach is a process of collaboration and coordination within and across government institutions and private sector.
0:10 Industrial policy has a bad name: fiscal crises and rent seeking
1:21 Good and bad industrial policy
2:04 The modern industrial policy approach
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