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Industrial policy is usually seen as separate from broader macroeconomic policies, such as tightening credit and taxing capital gains. Traditional examples of industrial policy include subsidizing export industries and import-substitution-industrialization (ISI), where trade barriers are temporarily imposed on some key sectors, such as ...
Green industrial policy (GIP) is strategic government policy that attempts to accelerate the development and growth of green industries to transition towards a low-carbon economy. [ 1 ] [ 2 ] Green industrial policy is necessary because green industries such as renewable energy and low-carbon public transportation infrastructure face high costs ...
Export-oriented industrialization (EOI), sometimes called export substitution industrialization (ESI), export-led industrialization (ELI), or export-led growth, is a trade and economic policy aiming to speed up the industrialization process of a country by exporting goods for which the nation has a comparative advantage.
In a 1997 paper, for example, economists Alberto Ades and Rafael Di Tella examined 32 countries and found that ones with “active industrial policies” (e.g., government procurement preferences ...
Industrial policy is generally defined as government action that promotes, or directly subsidizes, the health and growth of favored sectors or companies over others.
Import substitution industrialization (ISI) is a trade and economic policy that advocates replacing foreign imports with domestic production. [1] It is based on the premise that a country should attempt to reduce its foreign dependency through the local production of industrialized products.
Industrial action; Industrial Age; Industrial and organizational psychology; Industrial and production engineering; Industrial applicability; Industrial archaeology; Industrial coating; Industrial control system; Industrial data processing; Industrial deconcentration; Industrial democracy; Industrial design; Industrial design right; Industrial ...
As the Carnegie Endowment for Peace’s Bentley Allen reports, the Biden administration “articulated the core principles of a new international economic order centered on industrial policy. In ...