Industrial Policy: Don’t Ask Why, Ask How

@article{Rodrik2009IndustrialPD,
  title={Industrial Policy: Don’t Ask Why, Ask How},
  author={Dani Rodrik},
  journal={Middle East Development Journal},
  year={2009},
  volume={1},
  pages={1 - 29}
}
  • D. Rodrik
  • Published 1 January 2009
  • Economics
  • Middle East Development Journal
The theoretical case for industrial policy is a strong one. The market failures which industrial policies target — in markets for credit, labor, products, and knowledge — have long been at the core of what development economists study. The conventional case against industrial policy rests on practical difficulties with its implementation. Even though the issues could in principle be settled by empirical evidence, the evidence to date remains uninformative. But the traditional informational and… 

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