Inclusive stakeholder engagement is important from "summary" of The Industrial Policy Revolution II by J. Esteban,J. Stiglitz,Justin Lin Yifu
Inclusive stakeholder engagement is crucial for the success of industrial policy. It involves actively involving a wide range of stakeholders in the decision-making process, ensuring that their voices are heard and their perspectives are taken into account. By including stakeholders such as government officials, business leaders, workers, and civil society organizations, industrial policy can be designed in a way that reflects the needs and priorities of all those affected by it. Engaging stakeholders in the industrial policy process can lead to more effective and sustainable outcomes. When stakeholders are involved in the decision-making process, they are more likely to support the policies that are implemented. This can help to build trust and create a sense of ownership among those affected by the policy, lea...
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