The Global Shift Towards Industrial Policy

The chapter explores the growing trend of governments worldwide adopting industrial policies, emphasizing the need for proactive economic strategies in the face of current opportunities and challenges. It delves into historical examples and modern shifts in economic thinking, underlining the importance of balancing efficiency with resilience and strategic positioning. The discussion also touches on the impact of defense spending on economic development and the recent surge in industry policy interventions focusing on green transition and economic security.