Industrial Policy: A Policy Menu
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People in countries around the world would prefer to live in a a growing economy with opportunities for good jobs. Thus, it’s unsurprising that governments around the world would like to enact policies to deliver such outcomes. But industrial policy is hard: after all, if it was easy for governments to legislate prosperity, then there would be a lot less poverty and inequality in the world. Policies that favor one sector often involve costs both to the government and to other disfavored se
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