Continuous learning and adaptation are key in industrial policy from "summary" of The Industrial Policy Revolution II by J. Esteban,J. Stiglitz,Justin Lin Yifu
Industrial policy is a dynamic process that requires constant learning and adaptation to changing circumstances. It is not a one-size-fits-all solution that can be applied in a static manner. Instead, it needs to evolve and respond to new challenges and opportunities as they arise. This means that policymakers must be willing to experiment, adjust, and refine their strategies based on feedback and new information. Continuous learning is essential because industrial policy operates in a complex and uncertain environment where outcomes are not always predictable. By staying open to new ideas and feedback, policymakers can better understand what works and what doesn't, allowing them to make in...
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