industrial policy

Dani Rodrik discusses the end of the manufacturing escalator – and what comes next.

Nancy Birdsall revisits the World Bank's landmark 1993 East Asian Miracle report, exploring how it navigated the politics of industrial policy, what it revealed about export-led manufacturing growth, and what its lessons mean for development policy today.

Rwandan industrial policy, which licensed and supported textile manufacturers to produce high-quality masks during the COVID-19 pandemic, successfully reduced mask prices, increased mask uptake, and slowed the spread of COVID-19. The intervention ave...

When fertiliser prices spike, farmers in countries dependent on fertiliser imports are hit especially hard, and governments must grapple with a range of trade-offs in how they respond.

Industrial policy, a powerful tool for economic development in the ‘Asian Miracles’, was based on the three key principles: promoting sophisticated export-oriented industries, fostering innovation and competition, and building accountable leading age...

China’s solar subsidies triggered innovation and learning-by-doing that dramatically lowered global solar costs while generating domestic economic gains large enough to outweigh the subsidy costs, showing that green industrial policy can simultaneous...

China’s rise was powered by an export-led growth model reinforced by trade liberalisation, place-based and industrial policies, massive infrastructure investment, and a governance system that strongly incentivised local growth.

South Korea’s industrial transformation was driven by the mutually reinforcing promotion of technology adoption and exports – most notably through the Heavy and Chemical Industry Drive – which generated lasting gains in manufacturing and exports but ...