Coordination among policies is crucial from "summary" of The Industrial Policy Revolution II by J. Esteban,J. Stiglitz,Justin Lin Yifu
The successful implementation of industrial policy requires a coordinated approach among various policy instruments and agencies. In today's complex and interconnected global economy, it is not enough for policies to be developed in isolation - they must work together in a cohesive manner to achieve the desired outcomes. Coordination among policies is crucial because different policies can have both complementary and conflicting effects on each other. For example, a trade policy that promotes export-led growth may be undermined by a monetary policy that leads to currency appreciation, making exports more expensive and less competitive in the global market. In addition, coordination among policies is necessary to address market failures and externalities that individual policies may not be able to fully tackle on their own. For ...
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