F&D Magazine

Ruchir Agarwal on Industrial Policy


May 22, 2023

iStock/ JoeyCheung

In This Episode

Industrial policy refers to a set of policies that governments use to bolster national industries or companies deemed strategically important for economic competitiveness, social outcomes, or national security. The approach has been used in many countries to create global giants like Huawei, General Electric, Volkswagen, and Airbus to name a few. Economist Ruchir Agarwal is currently studying industrial policy, among other things, at the Yale School of Management and Harvard Kennedy School. In this podcast, Agarwal says while the practice of choosing national champions fell out of favor in the 1980s, rising geopolitical tensions of late have sparked a renewed interest in industrial policy, which can be a guise for protectionism.  Transcript

Read the article in Finance and Development Magazine

RUCHIR AGARWAL,  is a research fellow at the Harvard Kennedy School and cofounder of the Global Talent Network.

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