What have economists learnt about using industrial policy to promote economic development?
Read "The New Economics of Industrial Policy" by Réka Juhász, Nathan J. Lane and Dani Rodrik here.
Despite their political leanings or rhetoric, governments around the world have consistently used industrial policy. And now economists are increasingly talking about – and more credibly estimating – the benefits of it too. In this episode of VoxDevTalks, Dani Rodrik discusses what we know about the effectiveness of industrial policy, key lessons for policymakers in developing countries, and the evolving policy agenda that it represents.